By Lise Alves, Senior Contributing Reporter
SÃO PAULO, BRAZIL – The Development Bank (BNDES) of Brazil approved on Tuesday special financing conditions for those wanting to implement renewable energy generation projects in isolated areas of the Amazon region. An auction has been scheduled by the Ministry of Mines and Energy for May 11th for energy projects to be implemented in the state of Amazonas.
“The possibility introduced by ANEEL (Brazilian Energy Regulating Agency) opened the opportunity for BNDES to encourage, through more attractive financial conditions, the replacement [by renewal energy projects] of generation projects using fossil fuels and of greater . . .