BNDES, NDB agree $67m financing for 358MW Brazilian wind farm

Brazilian development bank BNDES and the New Development Bank (NDB) have disbursed $67.3 million to support six wind projects in Brazil. The funds will help finance parts of local firm Casa dos Ventos' 358MW Araripe 3 wind complex, comprised of 14 wind farms in the states of Piaui and Pernambuco.

It is the first loan after last year's agreement between NBD and BNDES to release $300 million in financing to support wind, solar, hydro and bioenergy projects in Brazil.