The 191.5 MW Pirapora I solar project being developed by Canadian Solar and EDF Energies Nouvelles has received $163 million in financing from the Brazilian Development Bank, the first time ever that it has provided financing to a solar generation project.
BNDES, the largest development bank in Brazil, announced this week it will significantly reduce the financing of power plants using coal or oil for generating electricity. The announcement this Monday is part of a growing effort to discourage carbon-intensive energy projects. BNDES released a new set of guidelines for public financing … [continued]
Brazil’s working to integrate more clean, renewable wind power and renewable energy sources into the national grid, and Eolcias do Sul is turning to ABB for supporting infrastructure. The contract award follows in the wake of Brazil’s development bank effectively locking out five of the world’s largest wind turbine manufacturers from the market for failing to meet local content requirements.
