Banco do Brasil to Lend $734.5 Million for Wind Farms

Banco do Brasil SA, Latin America’s biggest lender by assets, may disburse more than 1.5 billion reais ($734.5 million) of loans for wind farms this year, up from 1.3 billion reais last year, as the renewable energy becomes cheaper.

The total amount will depend on how many wind developers sign contracts to sell energy in government-organized auctions for new power capacity this year, Renato Proenca, executive manager of the commercial department for Brasilia-based Banco do Brasil, said today in an e-mail.