BNDES agreed to make available an equal amount.

It is KfW’s second financing round for Brazilian wind projects. In 2009, it lent $136m to BNDES that it used to fund four projects with combined 119.7MW installed capacity.

The loans to Brazil are part of a wider KfW program to finance projects worldwide that help mitigate climate change.

Separately, BNDES says it has signed a letter of intent with China's Ex-Im Bank and the Chinese Development bank to co-finance power and other infrastructure projects in Brazil.

BNDES