BNDES okays funding for 505 MW of solar in Brazil

October 26 (Renewables Now) – Brazil’s National Development Bank (BNDES) said on Friday it will support the construction of 505 MW of solar projects through loans of over BRL 1.1 billion (USD 195.7m/EUR 165m).

Some BRL 910 million of the total will be used for the 415-MW Sol do Sertao Solar Complex in Oliveira de Brejinhos, Bahia state. Brazil’s Essentia Energia is the project developer.


By Lucas Morais via Renewables Now


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