Engie secures financing for 434MW wind complex in Brazil

Engie’s 434MW Santo Agostinho wind farm complex in the Brazilian region of Rio Grande do Norte gains the support of Brazil’s National Bank for Economic and Social Development (BNDES). They will provide Engie with 64% of the project’s total investment.

The development includes 14 wind farms and construction will employ 900 local workers. The finances from BNDES will primarily be used to obtain 70 turbines, encouraging the development of the supply chain for this equipment in Brazil.

Source: Renews.biz