BNDES Approves $164 Million in Loans for Brazil Wind

(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

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