Sep 22, 2020

 Last Friday, 18, BNDES raised US$ 100 million with the Japan Bank for International Cooperation (JBIC). The funds raised will make it possible to leverage support for 12 wind farms in the states of Bahia and Pernambuco, with a total installed capacity of 331.85 MW and investments that exceed R$ 2 billion. It is estimated that more than 737,000 Brazilian households will be served with clean and renewable energy generated by the projects.

“With this operation, BNDES continues its strategy of diversifying funding sources and attracting resources that promote sustainable projects in Brazil”, says the Director of Finance, Bianca Nasser.

The operation resources were disbursed in a single installment and originate from an external loan agreement with 12-year term cofinanced by Mizuho Bank Ltd. and The Bank of Saga Ltd. This is the fifth operation carried out with JBIC under the Green line (Global Action for Reconciling Economic Growth and Environmental Preservation). 

The Green line aims to support projects that favor the preservation of the global environment, promoting the reduction of greenhouse gas emissions and the generation of energy from renewable sources. The first four contracts with JBIC for this line were signed in 2011, 2014, and in March and December 2015. Energy cogeneration projects based on biomass and wind farms were supported. With the new operation, funds raised under the Green line reach US$ 950 million.

About JBIC – JBIC is a financial institution fully controlled by the government of Japan that plays an important role in the implementation of the Japanese government's economic cooperation policy, supporting the stable and sustainable development of foreign countries. Thus, it promotes the strengthening of economic relations between Japan and the international community.

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 are focused on socioenvironmental 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 situations of crisis, BNDES acts in an anticyclical manner and assists in the formulation of solutions for the resumption of economic growth.