BNDES approved a R$173.3m loan to renewable energy company Queiroz Galvão Energias Renováveis (QGER) for the Amontada complex in the state of Ceará.

Amontada is made up of the Palmas, Ribeirão and Ilha Grande wind plants with a combined capacity of 76MW.

French industrial group Alstom supplied the 28 turbines for the complex.

Total investment in the wind farm is estimated at R$308.5m.

Amontada