(Corrects ownership of Chapada project in last paragraph
of story published Nov. 12.)
Nov. 12 (Bloomberg) — Brazil’s development bank approved
422.3 million reais ($164.4 million) in loans for two wind farms
in the northeast region.
The Morro dos Ventos II and the Chapada do Piaui II
projects in Rio Grande do Norte state have a total capacity of
201.57 megawatts, Banco Nacional de Desenvolvimento Economico e
Social said in a filling today.
The larger loan, 338 million reais, is for the 172.4-megawatt Chapada project, owned by a group that includes Cia.
Hidro Eletrica do Sao Francisco (known as Chesf), ContourGlobal
LP and Casa dos Ventos Energias Renovaveis SA. The 29.17-megawatt Morro facility, owned by Desa Dobreve Energia SA, will
get 84.3 million reais.
To contact the reporter on this story:
Vanessa Dezem in Sao Paulo at
To contact the editors responsible for this story:
Reed Landberg at
Tina Davis, Steven Frank