BNDES Provides BRL445.7m Wind Financing

Brazilian development bank BNDES has approved a BRL445.7m ($258.7m) financing package for 8 wind farms in Rio Grande do Sul. The 8 plants have a combined installed capacity of 150MW, requiring a BRL725.2m investment. The funds will go to three special purpose vehicles: Parques Eolicos Palmares (BRL153.6m), Ventos da Lagoa (BRL150.8m) and Ventos do Litoral Energia (BRL141.2m). All three are controlled by Enerfin do Brasil, a renewable energy subsidiary of Spanish infrastructure company Grupo Elecnor.