Brazil Wind Projects Get $253 Million From Development Bank

Brazil’s development bank approved 773.2 million reais ($253 million) in loans for 10 wind projects in two states.

The wind farms in the northeastern states of Piaui and Bahia will have a combined capacity of 264.4 megawatts, the lender, known as BNDES, said in a statement today. Investment in the projects will total 1.2 billion reais.

The biggest loan announced today is for a 210-megawatt project from Brazilian developer Casa dos Ventos in Piaui, which received 621.2 million reais.

BNDES is also lending 152 million reais to Grupo Rio Energy for the Caetite wind complex in Bahia, with a total capacity of 54.4 megawatts.

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