The main aspect of the project is the acquisition of 43 national wind turbines, which are the equipment for the conversion of wind energy into electricity. The other investments supported by BNDES will involve the construction of 27 km of transmission lines and an energy substation. The Jerusalém Complex will have an installed capacity of 180.6 MW, to be added to the national interconnected system.

 

The generation investments of BNDES are aligned with the effort of the National Plan on Climate Change (PNMC) to reduce greenhouse gas emissions. The Plan also seeks to “maintain the high participation of renewable energy in the electric matrix, preserving the prominent position that Brazil has always occupied in the international scenario.” The Bank efforts also meet the National Energy Plan 2030 of the National Government, with strategies to expand economic and sustainable energy in the next ten years. 

 

The financing of up to R$ 568 million will be granted to the six Special Purpose Entities (SPE): Wind Power Plants Jerusalém S.A. from I to VI. Each of them will be responsible for a specific farm. The SPEs are controlled by Jerusalém Holding S.A, which is under the management of EDP Renováveis Brasil S.A. 

 

About BNDES – Founded in 1952 and currently linked to the Ministry of Economy, BNDES is the main instrument of the Federal Government to promote long-term investments in the Brazilian economy. Its actions focus on the socio-environmental and economic impact in Brazil. BNDES offers special conditions for micro-, small- and medium-sized enterprises, as well as social investment lines, directed at education and health, family agriculture, sanitation and urban transport. In crisis situations, BNDES acts in an anticyclical manner and assists in formulating solutions for resuming economic growth.

 

About the bidder – EDP Renováveis S.A. is a world leader in the renewable energy sector, the world’s fourth wind producer and currently present in 14 international markets (Belgium, Brazil, Canada, Colombia, France, Greece, Italy, Mexico, Poland, Portugal, Romania, Spain, the United Kingdom and the United States). In Brazil, the EDP group operates through EDPR Brasil (renewable energy) and EDP Energias do Brasil (projects in power generation, transmission and distribution).