ANNOUNCED AS TEMPORARYNo
On 29 January 2020, the BNDES announced the approval of a BRL 1 billion loan (circa USD 237 million at the time of the announcement). The beneficiary was a Special Purpose Company which is controlled by MV Holding S.A. and owned by the Portuguese EDP Group.
The objective of the resources is to finance the construction of six wind farms with an installed capacity of 319.2 MW in the region of Rio Grande do Norte.
The total costs of the projects are estimated at circa BRL 1.3 billion (over USD 308 million) from which the resources provided by the BNDES represent 70% of the total.
The construction of the farms is to start in 2021 and are expected to terminate in 2022. A total of 700 direct and indirect jobs are expected to be created.
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