CPFL, Queiroz Galvão given Brazil wind loan approval

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Thursday, July 3, 2014

Brazil's national development bank BNDES has approved loans worth 557mn reais (US$250mn) for the construction of seven wind farms totaling 196MW of installed capacity.

The facilities belong to CPFL Energias Renováveis and Queiroz Galvão subsidiary Brise Energias, BNDES said in a statement.

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"These investments have low environmental impact, contribute to price stability and reduce the need for backup thermal power," the lender said.

The four farms controlled by CPFL - Atlântica I, II, III and IV - are located in Palmares do Sul in Rio Grande do Sul state.

Brise Energias' three farms form part of the Amontada complex in Ceará state.

BNamericas will host its fourth LatAm Power Generation Summit in Santiago, Chile, on August 13-14. Click here to download the agenda