The NDB loan, which will also have local contribution in the amount of US$ 300 million, represents the beginning of a partnership that aims at the development of the renewable power sector, relying on projects of wind, solar, hydropower (small hydropower plants) generation from biomass, biogas and agricultural waste. It is estimated that the loan will enable investments that will add around 600 MW to the Brazilian generation capacity.

The Brazilian Development Bank (BNDES) has approved R$ 679 million funding to the enterprise Atlantic Energias Renováveis S.A. for deployment of the Santa Vitória do Palmar Wind Power Complex, in Rio Grande do Sul. The project, budgeted at R$ 1.2 billion, is formed by twelve farms and their associated transmission systems, with installed capacity of 207 megawatts (MW), enough to serve about 400,000 homes or 1,200,000 inhabitants.

The first selection of Inova Mineral, initiative of the Brazilian Development Bank (BNDES) and of the Funding Authority for Studies and Projects (FINEP) to support projects of research, development and innovation in the area of mining and mineral processing, approved 24 business plans that totaled investments of R$ 737 million.

The Board of Directors of the Brazilian Development Bank (BNDES) decided today to establish a Commission of Internal Investigation to ascertain the facts laid out in the Petitions of the Federal Supreme Court (STF) 6738/2017 and 6740/2017, whose rapporteur is Minister Edson Fachin.