Banco Nacional de Desenvolvimento Econmico e Social (BNDES) has approved a R465mn (US$200mn) loan for the construction of the biggest wind power generation complex in Brazil.
The project will generate 150MW, making it the world’s second biggest such wind power plant. While the loan amounts to 69% of the total investment, the remainder will come from banks such as Banco do Brasil, Banco Santander and ABN Amro Real.
This is part of the Proinfa programme, devised by the Brazilian government to support alternative fuel sources. Presently, BNDES has another seven wind power projects. The total amount already invested in such projects makes up R1.4bn, with another R821mn forecasted to be disbursed in the future.
Wobben Windpower, a Sorocaba, So Paulo-based company, will supply the equipment.