BNDES approves financing of R$700 million for 49 solar DG plants

Photovoltaic plants will be installed in four Brazilian states by (re)energisa, a company from the Energisa group

O BNDES (National Bank for Economic and Social Development) approved financing of R $ million 700 to 49 solar plants which will be implemented by (re)energizes – company Energisa group – in the states of Mato Grosso, Mato Grosso do Sul, Minas Gerais and Rio de Janeiro.

This is the largest financing ever carried out by the national bank for distributed solar energy generation projects. Altogether, the plants total 144 MW of power and it is estimated that the connections will prevent the emission of more than 476 thousand tons of CO2 throughout the useful life of the photovoltaic systems, estimated at 25 years.

“This investment will bring distributed solar energy to 28 municipalities, where 49 plants will be installed that will benefit thousands of micro, small and medium-sized companies,” said Luciana Costa, director of Infrastructure, Energy Transition and Climate Change at BNDES, in a statement.

Investment in solar

Less than a month ago, BNDES also granted other financing for the construction of solar DG projects. In total, R$90 million was offered for the French multinational Helexia to inaugurate its first projects in Brazil.

The company's first plants total 25 MWp of power and are being developed in the states of Paraná, Mato Grosso do Sul and Rondônia. The investments are part of an energy supply contract for subsidiaries of Telefônica Vivo.

Project financing

According to BNDES, the company's demand for financing for solar DG grew exponentially in Brazil with the publication of the 14.300 Law, since the legislation caused a rush for consumers to make projects viable. 

In the bank's understanding, the regulatory framework granted greater legal security to entities such as BNDES, causing the institution to release credit and start ing GD in the form of 'project finance'.

Photo by Henrique Hein
Henrique Hein
He worked at Correio Popular and Rádio Trianon. He has experience in podcast production, radio programs, interviews and reporting. Has been following the solar sector since 2020.

Answers of 4

  1. I am very satisfied with the content of the report. More than time to move forward with investments in our Brazil, which were falling into inertia.
    Please continue publishing everything about this matter.
    It is important to highlight that consumers are those who suffer most with the cost of paying for electricity, but this goes slowly, as the saying goes. At least we can now see light at the end of the tunnel.
    Thank you very much!!!

  2. Small installations really have no incentive, banks that claim to work with attractive rates do everything they can to finance at normal rates. Some cities have a people's bank and this would be a good solution. But those who managed it had to do a lot of work, a lot of bureaucracy.

  3. Look how interesting it is. The government and concessionaires a law to bring down the DG market, then immediately begin to generate energy for themselves with the largest subsidized credit in the history of DG in Brazil and in addition pay Fio B and other charges for themselves. Do you want more Brazilian juice than that?

  4. It's okay that this is an important incentive for the solar source, which is already the second source to meet the country's electricity demand, considering those already contracted (source Aneel). But, there is an observation here. With the change of federal government, we hope that the BNDES, as it is social, will open up financing for residential units which, at the moment, are the biggest demanders of photovoltaic energy. Note that this R$700 million only includes large investments, leaving small entrepreneurs aside. See the contradiction!

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