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Brazil government approves $40.5m loan for five wind power projects

The Brazilian National Development Bank has approved five new wind power projects in the northeast of the country totalling 137MW

Brazil wind turbine, Voltorantim
The combined capacity of Voltorantim's wind power projects will be 137MW.

The Brazilian government has approved a long term loan for five new wind power projects across the northeast of the country.

The Brazilian National Development Bank (BNDES) announced that the $40.5m loan had been approved for the construction of five new wind power plants in the city of Trairi, Ceara. All the projects will be controlled by Brazil’s Voltorantim Energia Sustenaval.

Two plants will have a capacity of 29.4MW each, another two will have a capacity of 25.2MW each and one will have a 27.3MW capacity. In total, the plants will have a 137MW capacity.

The project was originally owned by Indian renewable energy company Suzlon and approved in May 2012. It had gone through several delays due to power line reinforcements and the deadline for commissioning changed from July 2012 to July/August 2013. Suzlon then sold the project to a joint venture of Votorantim Energia Sustentavel and French solar company Enerplan, who VAS has a 60 per cent stake in.

The BNDES also announced that the projects are slated to be operational by the end of the year.

Wind projects in Brazil are growing more common, especially those involving foreign companies. Last month, French company Voltania announced plans to create three 30MW wind plants in Areia Branca and Sao Miguel do Gostoso in the Rio Grande do Norte region of Brazil.