July 12, 2017 |
What do you do if you are a national development bank and want to support a nascent industry, but your public debt load is staggering and you are running out of funds? Brazil’s BNDES is transitioning from its role as a subsidized lender to eventually match the market rate. It will partner with lenders and provide project guarantees but will less often be the lead investor in renewable energy projects.
The new approach is set to raise funding costs for Brazil’s renewable energy projects. But the
As Brazil's BNDES cuts funding, the renewable energy industry is rethinking the way it finances projects