The Brazilian Development Bank (BNDES) has approved $168.4 million financing for the construction of the Pirapora solar plant, completion date anticipated August 2018. It is the first loan approved by the BNDES in the frame of its program to support solar and renewables.
The BNDES said that the 150 MW (AC) project, which is currently being developed by French utility EDF and Chinese-Canadian module manufacturer Canadian Solar, will be located in the state of Minas Gerais, but that it will use PV components manufactured in the state of Sao Paulo. The BNDES, in fact, is granting funds only to PV projects developed with locally manufactured components.
