Brazilian Bank Lends $274M For 258-MW Wind Project

Law360, New York (October 8, 2013, 1:46 PM EDT) -- The Brazilian Development Bank approved a loan of 604 million Brazilian reais ($274.4 million) to finance a private equity firm and power company's construction of 10 wind farms with capacity totaling 258 megawatts to supply power to the country's southernmost region, the bank said Monday.

The entire Geribatu Wind Complex, as the farms in Rio Grande Do Sul are collectively known, will be able to provide energy to 500,000 people, the bank said. Brazilian power company Eletrosul and private equity firm Rio Bravo Energy Fund will...
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