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BNDES grants first dollar loan for solar power

BNDES grants first dollar loan for solar power

January 9, 2023 | Thierry Ogier
Brazil's national development bank provides $210 mln for Atlas and Hydro to build the 438 MW Boa Sorte project in Minas Gerais

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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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