Eletrosul to Borrow $34 Million for Brazil Wind and Solar Power

Oct. 13 (Bloomberg) — Eletrosul Centrais Eletricas SA, a
Brazilian state-run power company, arranged 81.4 million reais
($34 million) in loans to expand its renewable energy generation
and transmission operations.

The company will borrow 11.3 million reais from the
country’s research-financing agency Finep to develop wind and
solar projects, the Florianopolis, Santa Catarina-based company
said in a statement today. It’s borrowing an additional 70.1
million reais from the state development bank to expand
transmission lines in the country’s south. Eletrosul officials
didn’t immediately respond to e-mail and phone requests for

The company received approval Oct. 3 for a 66.8 million-euro loan from German bank KfW to expand a wind project in the
southern state of Rio Grande do Sul.

To contact the reporter on this story:
Vanessa Dezem in Sao Paulo at

To contact the editors responsible for this story:
Reed Landberg at
Will Wade, Jim Efstathiou Jr.

About BloombergNEF

BloombergNEF (BNEF), Bloomberg’s primary research service, covers clean energy, advanced transport, digital industry, innovative materials and commodities. We help corporate strategy, finance and policy professionals navigate change and generate opportunities.

Available online, on mobile and on the Terminal, BNEF is powered by Bloomberg’s global network of 19,000 employees in 176 locations, reporting 5,000 news stories a day.
Sign up for our free weekly newsletter →

Want to learn how we help our clients put it all together? Contact us