May 25, 2021 |
Brazilian development bank Banco do Nordeste (BNB) is raising a BRL2 billion ($376 million) fund to buy infrastructure debentures in the local market and provide financing for green projects in the northeast region.
The new fund, which BNB expects to close by October this year, will buy debt from wind and solar power projects as well as water and wastewater projects, said Silvio Clark, head of capital markets.
"We have a BRL6.65 billion budget for renewables this year, while the demand for finan
Brazilian development bank can finance up to 30% of green projects through a new $376 mln debt fund