Global Trade Alert
Global Trade Alert

Brazil: BNDES approves over USD 314 million funding to wind farm project

Announcement

24 Oct 2019

The National Bank for Economic and Social Development of Brazil (i.e. BNDES by its acronym in Portuguese) approved a loan of BRL 1.26 billion to Engie Brasil.

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

24 Oct 2019

Revocation date:

No revocation date

Updated: 24 Oct 2019
Local content incentive In force

The finance conditions of the BNDES for energy project establish concrete local content requirements. In terms of wind power, the development bank establishes the following requirement from which a...

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Updated: 24 Oct 2019
State loan In force

On 24 October 2019, the BNDES announced the approval of a BRL 1.26 billion loan (USD 314.1 million at the time of the announcement) to Engie Brasil Energia, a subsidiary of the French multinational...

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