Global Trade Alert
Global Trade Alert

Brazil: BNDES finances wind farm project

Announcement

29 Jan 2020

The National Bank for Economic and Social Development of Brazil (i.e. BNDES by its acronym in Portuguese) approved a loan of BRL 1 billion to finance the construction of a wind project managed by EDP Group.

Source

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

29 Jan 2020

Revocation date:

No revocation date

Updated: 29 Jan 2020
Local content incentive In force

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

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Updated: 29 Jan 2020
State loan In force

On 29 January 2020, the BNDES announced the approval of a BRL 1 billion loan (circa USD 237 million at the time of the announcement). The beneficiary was a Special Purpose Company which is&nbs...

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