By Lise Alves, Senior Contributing Reporter
SÃO PAULO, BRAZIL – Brazil’s Social and Economic Bank (BNDES) announced on Monday (October 3rd) its plan to expand the financial institution’s support for solar projects, increasing financing from seventy percent to up to eighty percent, those items eligible to obtain Long Term Interest Rate (TJLP), currently at 7.5 percent per year.
“It is a sector that we believe will grow significantly because these are high visibility projects, that have the means if financed in this way, to pay off in a relatively short time, and represent, to the cities and . . .
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