To Finance Wind Energy in Brazil, BNDES Raises R$ 100 Million in Investments

Written by Valdemar Medeiros

Published on 23/09/2020 at 10:07

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BNDES Informed That It Raised R$ 100 Million Last Friday (18) with the Japan Bank for International Cooperation (JBIC) to Invest in Wind Energy on National Soil

The funds raised will boost support for the wind turbines of 12 wind farms in Bahia and Pernambuco. Together, they have a total installed capacity of 331.85 MW and investments exceeding R$ 2 billion.

More Than 700 Households Will Have Access to Wind Energy

It is estimated that more than 737 thousand Brazilian households will receive clean and renewable wind energy generated by the projects.

“With this operation, BNDES continues the strategy to diversify funding sources and attract resources that promote sustainable projects in Brazil,” says the Finance Director, Bianca Nasser.

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The proceeds from the BNDES operation were disbursed in a single installment and originate from an external loan contract. The term is 12 years and is co-financed by Mizuho Bank Ltd and The Bank of Saga Ltd. This is the fifth operation conducted with JBIC under the Green Line (Global Action to Reconcile Economic Growth and Environmental Preservation).

Support for Renewable Energy

The Green Line aims to support projects that favor global environmental preservation. The main objective is to reduce greenhouse gas emissions and generate energy from renewable sources.

Previous collaborations with JBIC and BNDES for this line were signed in 2011, 2014, and in March and December 2015. Biomass cogeneration energy projects and wind farms were supported. With the new financing, the total resources of the Green Line amount to 950 million dollars.

JBIC is a financial institution fully controlled by the Japanese government, and its role is to support the stable and sustainable development of foreign countries. Additionally, it is essential to implement the economic cooperation policy of the Japanese government. Thus, it promotes the strengthening of economic relations between Japan and the international community.

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