It is the first such agreement between the two institutions.
Wind and solar power are among Brazil’s priorities which will focus on greenhouse gas emissions reductions.
BNDES will also use the money to finance innovation programs, small hydro and biomass generation projects.
In July, the BNDES raised $335m from Germany's federal development agency KfW, also to finance renewable energy projects.
BNDES is Brazil's main source of long-term financing, especially to the wind power industry where it funds about 60% of all projects.
It
