BNDES funds solar, hydro projects in Brazil's Santa Catarina

• BNDES approves $40 million loan for solar and hydropower project in Brazil, powering 70,000 homes and advancing sustainability goals.

BNDES has approved a loan of USD 40 million to support the construction of 29 MW of solar and hydropower capacity in Santa Catarina, Brazil. The financing will be used by state-run utility Celesc to install 5 MW of solar panels and expand the capacity of the Salto Weissbach hydropower plant to 29.28 MW. Celesc will also add 1 MW to the Maruim small hydro plant, which has been inactive since 1972.

Once operational, the renewable energy plant will generate enough clean electricity to meet the demand of around 70,000 local homes. This investment is part of Brazil's efforts to increase its renewable energy capacity and reduce its reliance on fossil fuels, contributing to the country's sustainability goals.

How will BNDES loan support solar and hydropower expansion in Santa Catarina, Brazil?

• The BNDES loan will provide the necessary financial support for the construction of 29 MW of solar and hydropower capacity in Santa Catarina, Brazil.
  
• The financing will enable state-run utility Celesc to install 5 MW of solar panels, expand the capacity of the Salto Weissbach hydropower plant to 29.28 MW, and add 1 MW to the Maruim small hydro plant.
  
• The renewable energy plant, once operational, will be able to generate enough clean electricity to meet the demand of around 70,000 local homes in Santa Catarina.
  
• This investment aligns with Brazil's efforts to increase its renewable energy capacity and reduce its reliance on fossil fuels, contributing to the country's sustainability goals.
• By supporting the expansion of solar and hydropower capacity in Santa Catarina, the BNDES loan will help to diversify the region's energy mix and promote the use of clean and sustainable sources of power.