BNDES Approves Financing For Four Wind Farms In Brazil

Posted by NAW Staff on May 14, 2012 No Comments
Categories : Projects & Contracts

The board of directors of the Brazilian Development Bank (BNDES) has approved R$358 million in financing for the construction of four wind farms in the Brazilian state of Ceara.

The wind farms are part of the larger Trairi Project, which will have a total installed capacity of 115.4 MW and will begin operations in January 2013. The wind farms, which consist of special-purpose companies, are controlled indirectly by Tractebel Energia S.A. and directly by Energias Eolicas do Nordeste SA.

The BNDES funds represent 68.4% of the total project investment. From the funding, some R$1.8 million will be earmarked for social programs for sustainable development of the area surrounding the farms to reduce greenhouse-gas emissions. The four wind farms will use 50 wind turbines produced in Brazil by Siemens Ltda.

The wind farms constituting the Trairi Project are Fleixeiras, with financing of R$97 million; Guajiru (R$93.6 million); Mundau (R$87.4 million); and Trairi (R$79.9 million). The first three wind farms will have a combined installed capacity of 30 MW, and the fourth project will have a capacity of 25.4 MW.

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