The Brazilian National Social and Economic Development Bank (BNDES) is to provide a $140.5m loan for the construction of three wind farms, totalling 90 MW.

The three-wind farm project is being developed by VoltaliaEnergia do Brasil, a subsidiary of France’s Voltalia.

The wind farms are called Carcara I and II and Terral and will be built in the state of Rio Grande do Norte, Seenews reports.

Acciona’s subsidiary in Brazil will supply the 30 wind turbines for the project.

The output from the wind farms will be sold under a 20-year contract to Camara de Comercializacao de Energia Eletrica, an energy clearing house, as of the second half of this year.

The BNDES financing represents three-quarters of the total investment in the project, including adjacent power transmission assets.

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