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BNDES Finances R$1 Billion for Construction of 6 Onshore Wind Farms by EDP Renewables in the Northeast

Written by Flavia Marinho
Published on 29/01/2020 at 19:19
Updated on 29/01/2020 at 19:23
BNDES financia R$1 bilhão para construção de 6 parques eólicos onshore da EDP Renováveis no Nordeste
BNDES financia R$1 bilhão para construção de 6 parques eólicos onshore da EDP Renováveis no Nordeste
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EDP Receives R$ 1 Billion from BNDES to Build Wind Farms in the Northeast; Projects Are Expected to Start Operating Throughout 2022.

700 New Job Openings in RN, with the Construction of Six Onshore Wind Farms in the Northeast. The good news came on this day, the 29th, when in a statement, BNDES announced the financing of R$1 billion for EDP to complete the project. The Norwegian Giant Opens a Selection Process to Support Offshore Projects in Rio and Porto do Açu

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The works are expected to begin in January next year, according to BNDES. In total, there will be 500 direct jobs and 200 indirect jobs.

According to the bank, the parks will be installed in the municipalities of Jandaíra, Lajes, and Pedro Avelino and are set to start operating throughout 2022.

The complex will have a capacity of 319.2 megawatts, enough to supply 800,000 households, BNDES reported in a statement.

According to BNDES, each wind farm will have a Special Purpose Entity (SPE) and will be controlled by MV Holding, controlled by EDP Renewables Brazil, part of the EDP Energias de Portugal group.

The bank’s financing corresponds to 70% of the total investment.

Joint Venture Between Engie and EDP Renewables

Engie (EGIE3) and the electric power company, a branch of the Portuguese EDP, EDP Renewables, have concluded an agreement to create a joint venture in offshore wind energy.

The new company will have both fixed and floating operations, according to the statement released. The information was published last Friday (24).

The signing of the deal comes eight months after Engie and EDP Renewables announced a memorandum of understanding for the formation of the partnership, which “brings together the industrial expertise and development capacity of both companies,” according to the statement.

Flavia Marinho

Flavia Marinho is a postgraduate engineer with extensive experience in the onshore and offshore shipbuilding industry. In recent years, she has dedicated herself to writing articles for news websites in the areas of military, security, industry, oil and gas, energy, shipbuilding, geopolitics, jobs, and courses. Contact flaviacamil@gmail.com or WhatsApp +55 21 973996379 for corrections, editorial suggestions, job vacancy postings, or advertising proposals on our portal.

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