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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Iberdrola SA | BIT:IBE | Italy | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.00 | - |
From Feb 2020 to Feb 2025
SAO PAULO--Brazil's national development bank BNDES said Monday it approved 378 million Brazilian reais ($187 million) in loans for wind-power projects being developed in that country by Spain's Iberdrola (IBE.MC).
Forca Eolica do Brasil, a joint venture between Iberdrola and Neoenergia (GNAN3B.SM), the Brazilian utility controlled by Iberdrola and Brazil's biggest pension fund, is investing BRL594.5 million to build five wind farms in the northeastern Brazilian states of Rio Grande do Norte and Bahia. The wind power installations will have a combined capacity of 150 megawatts, the BNDES said on its website.
The BNDES last year carried out BRL3.4 billion in financing for wind projects, helping build 1,160 megawatts of new capacity, the BNDES said in the note.
The development bank currently has in its portfolio 107 projects, at all stages of financing, which will require BRL12.4 billion in investment and of which BNDES is financing BRL8.4 billion.
Write to Paulo Winterstein at paulo.winterstein@dowjones.com
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