Brazil’s National Development Bank (BNDES) has raised $750m from the Inter American Development Bank (IDB) to finance wind, solar and biomass projects.
The money is part of a 10-year, $2.4bn credit line extended by IDB to BNDES to finance sustainable and industrial ventures.
The federal government will offer guarantees to the IDB for the loan, with projects to be financed those already in BNDES’ portfolio.
