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Brazil's national development bank BNDES has provided a loan for transmission projects to a Spanish construction group ACS and an energy company controlled by private equity firm Brookfield to connect wind energy projects in the south of the country to the national grid
.
Specifically, the borrowing company Chimarrao Transmissora de Energia will build transmission lines in the Brazilian state of Rio Grande do Sul through this €389 million loan to connect wind power projects in southern Brazil to generate electricity
.
According to reports, the construction of the transmission line will provide 6.
4 GW of clean electricity
to the Brazilian grid.
In December, Chimarrao won the tender for the transmission line project, which plans to spend 469 million euros to build the 1,200-kilometer-long high-voltage transmission line
through 43 cities.
Brazil's national development bank BNDES has provided a loan for transmission projects to a Spanish construction group ACS and an energy company controlled by private equity firm Brookfield to connect wind energy projects in the south of the country to the national grid
.
Specifically, the borrowing company Chimarrao Transmissora de Energia will build transmission lines in the Brazilian state of Rio Grande do Sul through this €389 million loan to connect wind power projects in southern Brazil to generate electricity
.
According to reports, the construction of the transmission line will provide 6.
4 GW of clean electricity
to the Brazilian grid.
In December, Chimarrao won the tender for the transmission line project, which plans to spend 469 million euros to build the 1,200-kilometer-long high-voltage transmission line
through 43 cities.