NDB loans US$300 million to Brazil’s development bank for renewables

Facebook
Twitter
LinkedIn
Reddit
Email
Credit: BNDES

The New Development Bank (NDB), a China-led multilateral development bank formed by the BRICS nations, has signed a US$300 million loan agreement with the Brazilian Development Bank (BNDES) to support investment in energy from wind, solar, small hydropower plants, biomass, biogas and agricultural residues.

The loan is forecast to help enable the addition of around 600MW to Brazil’s generation capacity. BNDES will also use the funds to promote its existing lines of financing for renewables, which it already does with funds from multilateral agencies and official credit agencies.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

The NDB loan to BNDES has a 12-year term, with a grace period of three and a half years. The interest rate is based on Libor.

The loan aims to help Brazil move away from its reliance on hydropower, the effectiveness of which has been hampered by climate change and drought, according to a BNDES release. Hydro accounts for more than 60% of Brazil's entire energy mix.

In addition to the partnership with Brazil, NDB has joined two operations in China (US$379 million), two in India (US$600 million), one in Russia (US$100 million), and one in South Africa (US$180 million).

Brazil's large-scale solar sector was setback heavily last year with the last minute cancellation of its only wind and solar auction.

25 November 2025
Warsaw, Poland
Large Scale Solar Central and Eastern Europe continues to be the place to leverage a network that has been made over more than 10 years, to build critical partnerships to develop solar projects throughout the region.

Read Next

October 14, 2025
Apple will support 650MW of projects as part of a major expansion of its renewable energy investments in Europe, aimed at reducing its carbon footprint.
October 13, 2025
US solar manufacturer T1 Energy has acquired a minority stake in fellow US-based solar cell producer Talon PV.
October 9, 2025
Solar PV is the world’s cheapest technology to generate electricity, according to a study from the University of Surrey, in the UK.
October 9, 2025
Chinese inverter and storage manufacturer Sungrow has revealed details of its planned flotation on the Hong Kong Stock Exchange.
October 8, 2025
Despite policy headwinds on the federal level, there is optimism for the future of the US solar and storage sector.
October 8, 2025
Officials from Norway and Egypt have agreed provisional terms for the financing of the Dandara solar park in Egypt, which is being built and operated by Norwegian IPP Scatec.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 21, 2025
New York, USA
Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK