bndes

The Brazilian Development Bank (BNDES) has raised R$1.14 billion (US$200 million) to support the development of 402MW of new solar capacity.

The Vista Alegre solar plant will supply electricity to aluminium producer Albras for 21 years through a power purchase agreement.

Latin America-focused solar developer Atlas Renewable Energy has secured a US$210 million loan from the Brazilian Development Bank (BNDES) to finance its 438MW Boa Sorte solar project in Brazil.

Digital industrial company GE Power is providing its LV5 1,500V inverters to two Atlas Renewable Energy solar projects in Brazil.

Brazil is primed to surpass 1GW of solar in 2017 as projects from three auctions between 2013-15 start to come online, but the industry eagerly awaits the next government 10-year electricity demand forecasts, according to the Brazilian solar association ABsolar.

Silicon Module Super League (SMSL) member JA Solar has launched a Brazilian subsidiary known as JA Solar Brazil.

The New Development Bank (NDB) have signed a US$300 million loan agreement with the Brazilian Development Bank (BNDES) to support investment in wind, solar, small hydropower plants, biomass, biogas and agricultural residues.

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

Brazil’s development bank BNDES has approved new financing conditions for the energy sector, which favour solar.

The Brazilian Development Bank (BNDES) has qualified 17 solar equipment manufacturers to receive funding in Brazil.