The IFC finance will support construction of wind capacity in the northeastern Brazilian states of Bahia, Pernambuco and Rio Grande do Norte, said EGP.

The 10-year loan is the first between EGP and a member of the World Bank Group, added the developer.

IFC Brazil country manager Hector Gomez Ang said: “This investment helps accelerate development of Brazil's renewable energy sector while also expanding electricity supply at a critical time.

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