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 energy and solar power projects.
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 comment.
The company received approval Oct. 3 for a 66.8 million-euro loan from German bank KfW to expand a wind farm in the southern state of Rio Grande do Sul.