The Brazilian Development Bank (BNDES) has financed its first-ever solar plant in the country, providing project finance for the under-construction 192MW Pirapora I plant owned by EDF Energies Nouvelles and Canadian Solar.
In a “landmark transaction”, the BNDES is supplying R$529m ($163m) of project finance for the Pirapora I project, which is slated to reach completion shortly in the state of Minas Gerais, Canadian Solar chief executive Shawn Qu says.
