It kept the limit for wind loans at 70% of capex.
“Solar is considered a technology that is under development so it needs more support,” said Carla Primavera, BNDES’s energy department superintendent.
Primavera said that local content rules for solar and wind has not been changed. For solar, this means despite the increased financing levels, BNDES will only finance equipment that complies with its five year local-content programme set up in 2014.
For
