Brazil’s BNDES to invest US$117 million in wind farm construction

RIO DE JANEIRO, BRAZIL – Located in the Ventos de São Vítor Wind Complex in the semi-arid area of the state, BNDES said the investment is part of its plan to boost the development of the wind turbine supply chain in Brazil.

Together, the 7 plants will have an installed capacity of 235 megawatts, compared with 465 megawatts for the complex as a whole, and are expected to enter full commercial operation by the end of 2022, the bank said.

The BNDES funds will be allocated to entities controlled by Essentia Energia, the infrastructure fund managed by Pátria Investimentos’ renewable energy platform.

Funding will come from BNDES Finem, a program supported by the bank that aims to acquire 38 national wind turbines.

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