Renova Receives $268 Million Loan From Brazil Development Bank

Renova Energia SA received a 700 million-real ($268 million) loan from Brazil’s development bank for a wind power project in the northeastern state of Bahia.

The funds will be used for phase A of the Sertao III wind project, the Sao Paulo-based company said in a regulatory filing today. Phase A includes 411 megawatts of the total 734 megawatts of installed capacity planned for the complex.

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