BNDES finances three wind projects in Piauí

The Brazilian Development Bank (BNDES) approved last week three loans, totaling BRL 1.3 billion (USD 340 million) to support the development of wind complexes with a combined capacity of 436.7 MW.

More details about the projects can be seen below:

• Chapada do Piaui 1: 205.1 MW (loan: BRL 555 million)
• Chapada do Piaui 2: 172.4 MW (loan: BRL 575 million)
• Chapada do Piaui 3: 59.2 MW (loan: BRL 170 million)

The Chapada do Piaui 1, 2 and 3 wind complexes will comprise 247 wind turbines.

The facilities are located in the Araripe region between the states of Piaui and Pernambuco (Brazil).

The projects are developed by Chesf, a generation and transmission company owned by Eletrobras, and ContourGlobal.

The first phase was awarded with a 20 years term PPA in the Brazilian energy auction held in August 2013.