- Datum: 24.07.2014
- Kategorie:Unternehmensnachrichten
BNDES receives US$ 335 million from Germany’s KfW bank in support of renewable energy
On Monday, July 21, 2014, in Berlin, the BNDES and Germany’s KfW bank signed a loan agreement to the tune of US$ 335 million. Resources, raised by the Brazilian bank, will be used to finance wind park projects to be implemented in Brazil by Brazilian companies.
With this operation, the BNDES and KfW further recent financial cooperation aimed at mitigating climate change by supporting renewable energy projects. The first operation aimed at providing support for wind parks, similar to this new agreement, was signed in 2009. The US$ 136-million agreement, provided resources used to support four Wind park projects with a total installed capacity of 119.65 MW and investments to the order of R$ 685 million.
The new loan will help meet the growing demand in Brazil for financing for projects in power generation using alternative sources, as well as helping to diversify Brazil’s energy grid.