BNDES grants first dollar loan for solar power

BNDES grants first dollar loan for solar power

Loans Brazil Capital Markets Wind Solar ESG Renewable Green Finance Energy United States Europe Debt

Brazil's national development bank BNDES has executed its first dollar-indexed loan for a renewable energy project, granting $210 million for Atlas Renewable Energy and Norsk Hydro to finance the Boa Sorte solar project in Minas Gerais. "It sets a new precedent for project financing in Brazil, making it available for projects with dollar-denominated power purchase agreements (PPAs) specifically designed for large Brazilian companies which are large exporters," Atlas said in a press release on Fr

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