BNDES to provide over US$1bn for wind projects

Thursday, July 12, 2018

Brazilian development bank BNDES will disburse 4.4bn reais (US$1.15bn) for wind power projects during 2018, a spokesperson told BNamericas.

The amount is 37% below that disbursed for the segment last year when the figure reached 7bn reais, which was in turn double what BNDES provided in 2016.

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The bank has disbursed 1.69bn reais of the 4.4bn so far this year

According to BNDES, there is still no figure for 2019.

BNDES's latest annual report shows that since 2016 wind power is the segment that has received most financing from the bank both by value and in terms of number of projects. The average growth by value between 2010 and 2017 was 36%.