After almost two years of talks with Brazil’s National Development Bank (BNDES), the Inter-American Development Bank (IDB) has for the first time put up guarantees for a local-currency-denominated bond for a Brazilian wind farm.

At the beginning of the month, the 207MW wind complex – controlled by British fund Actis through its local renewable energy investment venture Atlantic Energias Renováveis – carried out a private placement for the R$109M ($26.8m),