LatinNews Daily - 09 January 2023

In brief: Brazil’s BNDES to fund new renewable energy plants

* Brazil’s state-owned development bank (BNDES) has approved loans totalling R$3.5bn (US$669.5m) for the construction of two wind farms and a solar plant in the states of Bahia and Minas Gerais. According to a BNDES press release, the initial funding will enable R$10.6bn in total investments in the energy plants, which will have a combined capacity of 1.5GW. This, according to BNDES, will be enough to supply energy to 2.6m households and will avoid 8.6m tonnes of CO2 emissions over the projects’ lifespan.

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