development banks

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.

Latin America-focused solar developer Atlas Renewable Energy has secured a BRL406 million (US$76 million) loan from Brazil's BNB development bank for the construction of a 239MW solar PV project.

PV Tech Premium speaks with analysts, companies and banks in Brazil to explore the options available to solar companies when it comes to getting their projects financed.

The European Bank for Reconstruction and Development (EBRD) is providing a €31 million loan for a 30MW solar project in the Kyzylorda region of Southern Kazakhstan, sponsored by Total EREN and Access Infra Central Asia.

The World Bank has committed funding to support 400MW of solar energy projects in the Sindh Province of Pakistan.

Local firm Gostaresh Energy No Atiyeh has completed a 10MW solar PV project in the Yazd Province of central Iran.

The German Development Bank (KfW) and the African Trade Insurance Agency (ATI) have set up a new credit facility instrument built to support renewable energy projects in sub-Saharan Africa that targets small- and mid-scale renewable energy projects (up to 50MW).

The bank noted that more than five million people could be reached through solar PV.

Cubico Sustainable Investments has reached financial close for a 350MW solar plant in Mexico.

South Korean government-owned financial institution Korea Development Bank (KDB) has issued its inaugural Green Bonds to raise US$300 million.