BNDES finances Actis wind farm

BNDES finances Actis wind farm

Bonds Structured Finance Brazil Loans Project & Infrastructure Finance

BNDES has arranged BRL679m ($215m) in financing to a business owned by the British investment fund Actis to finance construction of a 207 MW wind complex in southern Brazil.The national development bank said it will lend BRL449m from its Finem credit program and also provide BRL230m through an onlending agreement with the regional development bank BRDE.The developer, Atlantic Energias Renovaveis, can also issue BRL109m in debentures to help finance the project, BNDES said in a statement. The com

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