IDB, BNDES back Brazilian renewables program

IDB, BNDES back Brazilian renewables program

Bonds Structured Finance Loans Project & Infrastructure Finance

The Inter-American Development Bank (IDB) and BNDES will supply $900m in long-term financing for renewable energy projects.The IDB will provide $750m to BNDES, while the Brazilian development bank will add $150m in credit for private sector developers, the multilateral lender said in a statement. BNDES will use the IDB funds for onlending agreements with other financial institutions.The IDB loan is part of a $2.4bn conditional line of credit for investment projects. The 25-year loan has a 4

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