IBERDROLA, the world leader in wind energy, and Brazilian consortium NEOENERGÍA will sign 10 loans for a total amount of €300 million, with Banco Nacional do Desenvolvimento Economico y Social (BNDES) and with Banco do Brasil.
The funds will go towards financing 10 wind farms in Brazil which the two companies will jointly develop with a total capacity of 288 megawatts (MW).
The facilities are Calango 1, 2, 3, 4 and 5, Caetité 1, 2 and 3; Arizona 1; and Mel 2. All these windf arms are located in the states of Río Grande do Norte and Bahía, to the east of the country, and are strategic for their good wind resource.
Both companies were awarded construction of the wind farms in August 2010 at the second tender for renewable energy organised by the National Electric Energy Agency (Aneel), as part of the Brazilian government's Growth Acceleration Programme.
IBERDROLA and NEOENERGIA have already begun construction on four of the 10 facilities (Caetité 1, 2 and 3, and Mel 2) and expect to start work on the other six windfarms over the coming months.
The wind turbines to be installed at all these facilities will be provided by Gamesa, IBERDROLA's main supplier for its renewables projects across the globe, and will be built at Gamesa's factory in Camaçarí, in the state of Bahía.
Clean energy for 450,000 Brazilians