Global Trade Alert
Global Trade Alert

Brazil: BNDES approves funds to support the construction of two wind farms

Announcement

02 Mar 2021

The National Bank for Economic and Social Development of Brazil (i.e. BNDES by its acronym in Portuguese) approved a loan of BRL 417 million to finance the construction of two wind farms owned by Casa dos Ventos Group.

Source

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

02 Mar 2021

Revocation date:

No revocation date

Updated: 02 Mar 2021
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 w...

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Updated: 02 Mar 2021
State loan In force

On 2 March 2021, the BNDES announced the approval of a BRL 417 million loan (ca USD 73 million at the time of the announcement) to two Special Purpose Companies -Ventos de Santa ...

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