Sudene Supports 210MW Solar Push in Brazil

• Brazil's Sudene loan helps move the country closer to its goal of using renewable sources. With this loan, Lightsource bp will finance a 210-MW solar project to generate 460,000 MWh of energy yearly - enough to power 212,000 homes.

Brazil's Superintendency for the Development of the Northeast (Sudene) has granted a loan to Lightsource bp to finance a 210-MW solar power project. The loan, the seventh tranche, is part of the BRL-782.65 million total required for the Solar do Milagres complex, located in the northeastern state of Ceara. Of this total, Sudene has provided BRL-422.95 million. The solar project is estimated to generate 460,000 MWh of energy annually, enough to meet the demand of 212,000 homes. This loan will help move Brazil towards its goal of using renewable energy sources to meet its energy needs.

What Is the Loan for Lightsource bp's 210-MW Solar Project?

• The loan will be used to finance the Solar do Milagres complex, located in the northeastern state of Ceara.
• The project is estimated to generate 460,000 MWh of energy annually, enough to meet the demand of 212,000 homes.
• The loan is part of a BRL-782.65 million total required for the Solar do Milagres complex, and Sudene will provide BRL-422.95 million of this amount.
• This loan is the seventh tranche of funding, and will help to move Brazil towards its goal of using renewable energy sources to meet its energy needs.
• The project is expected to create 100 direct jobs and 350 indirect jobs during the construction phase, as well as 10 direct and 30 indirect jobs when operational.
• It is anticipated that the project will reduce Brazil's emissions by more than 260,000 tCO2e yearly.