BNDES and IDB approve US$750 million loan for Brazilian clean energy projects

Facebook
Twitter
LinkedIn
Reddit
Email
The US$750 million will be used for projects already part of BNDES’ portfolio. Credit: BNDES

Brazil’s development bank BNDES and the Inter-American Development Bank (IDB) have approved a US$750 million conditional credit facility for the country’s Sustainable Energy Financing Program.

The programme will be guaranteed by the Brazilian government and the facility is part of wider plans between BNDES and IDB for a loan of up to US$2.4 billion for various sustainable investments, although no date has been confirmed for this other funding to be approved.

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 US$750 million will be used for projects already part of BNDES’ portfolio aiming to increase the share of wind, solar and biomass in Brazil’s energy mix. The funding will also have a local counterpart of up to US$150 million. 

The IDB is historically the main international creditor of the BNDES having signed 21 loan agreements before 2010.

Brazil's renewable industry took a major hit last week after the Ministry of Mines and Energy cancelled the only wind and solar auction of 2016, as the country's economic woes led to due to a reduction in energy demand.

Read Next

November 3, 2026
New Zealand solar developer Lightyears has secured NZ$174 million to accelerate its solar PV build-out across the country.
November 2, 2026
Bryen Alperin, partner at Foss & Company, explains the real risks for tax credit buyers, and why most can be handled in diligence.
November 2, 2026
Neoen has secured AU$1.8 billion in debt financing from 13 lenders for a 1.2GW Australian renewables and energy storage portfolio.
Premium
October 30, 2026
Renewabl's JP Cerda speaks to PV Tech Premium about changing corporate procurement strategies and the impact of negative electricity prices.
October 30, 2026
US solar manufacturer First Solar reported net sales of US$1.23 billion for the third quarter of 2026, down 23% year-on-year.
October 30, 2026
UAE developer Masdar has signed an agreement with Invest New Zealand to explore up to NZ$1 billion (US$585 million) of solar, wind and battery storage investment in New Zealand.

Upcoming Events

Solar Media Events
November 24, 2026
Warsaw, Poland
Solar Media Events
February 2, 2027
London, UK
Solar Media Events
April 20, 2027
Istanbul, Türkiye