Finance for ten Brazilian wind projects totaling 288 MW

Iberdrola, in partnership with Neoenergia, is expected to sign loan agreements to finance the construction of ten wind farms in Brazil.

The loans, worth EUR300m in total, will be signed with Banco Nacional do Desenvolvimento Economico y Social and Banco do Brasil.

The wind farms, which include Calango 1, 2, 3, 4 & 5; Caetité 1, 2 & 3; Arizona 1; and Mel 2, are located in the states of Ràƒ­o Grande do Norte and Bahia and will have a total generating capacity of 288 MW.

Work is already underway on four wind farms while construction activity will begin on the other remaining wind farms over the coming months.

Spain’s Gamesa will supply wind turbines, manufactured at its factory in Camacari, in the state of Bahia, for all the facilities.

The projects will generate clean renewable energy meet the supply needs of nearly 450 000 Brazilians, with the expectation of annually offsetting 510 000 tonnes of carbon dioxide.

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