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.

ARTICLE CONTINUES BELOW

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.

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

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

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More Than 700 Households Will Have Access to Wind Energy

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

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

Read Also

More Than 700 Households Will Have Access to Wind Energy

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China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

Forget petroleum-based asphalt: a Scottish company transforms 684,000 plastic bottles into one kilometer of road that is 60% more resistant and up to 10 times more durable, and the technology has already started replacing traditional asphalt in more than 30 countries.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

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