Global Trade Alert
Global Trade Alert

Brazil: New subsidised lines of credit for energy and energy efficiency sectors under INOVA worth USD 1.5 billion

Announcement

03 May 2013

On May 3, 2013, the Brazilian National Development Bank (BNDES) and the Funding Authority for Studies and Projects (FINEP) announced a new set of subsidies and lines of financing worth USD 1.5 billion to be given to companies installing and improving electric grids and producing renewable energy sources and hybrid vehicles.

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1 certainly harmful

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