BNDES allowed special-purpose vehicles for energy projects
to sell infrastructure bonds in August without reducing its
support for the ventures, according to a BNDES e-mailed
statement. The Rio de Janeiro-based bank said it may buy a part
of the wind farm bond offering in a September statement.
Diversos obstáculos podem, no entanto, retardar esse progresso. A lista inclui desde problemas de financiamento e de integração da rede até dificuldades com licenças e aceitação do público, sublinha a AIE.
Energy producers that are seeking to fund 200 billion reais
of projects by 2022 are facing the prospect of limited financial
support from BNDES, Brazil’s biggest financier of infrastructure
projects, after the government said the bank will cut lending by
20 percent as part of an effort to rein in the biggest budget
deficit since 2009. President Dilma Rousseff signed into law a
measure in 2011 to encourage foreigners and individuals to buy
local corporate debt tied to infrastructure by removing a tax on
earnings from the securities. So far, just 4.28 billion reais of
bonds have been issued to investors.
Mesmo durante o dia, a energia eólica tem vindo a assumir cada vez maior papel no abastecimento. Desde Janeiro, forneceu quase um quarto (23%) da electricidade consumida, segundo dados da REN. As barragens forneceram mais 32%. Levando-se em conta também as centrais de biomassa e fotovoltaicas, as renováveis foram responsáveis por 58% da produção eléctrica entre Janeiro e Setembro.
The bank “could have given me 100 million reais more
debt” to finance the construction of 10 wind farms in the
southern municipality of Santa Vitoria do Palmar, Goncalves said
in an interview. “But it gave me 600 million reais instead of
700 million reais, so I had to find another 100 million reais in
the market. BNDES is trying to create a virtuous cycle where you
have a market demanding bonds and consequently more bonds being
sold, so over time it can reduce its share of support in
Utility Eletrosul and Rio Bravo Investimentos SA, the asset
manager founded by former central bank President Gustavo Franco,
plan to sell 200 million reais ($86 million) of infrastructure
bonds due in as many as 14 years for 21 wind farms by June, said
Eolicas do Sul, a joint venture created to manage the projects.
HSBC Holdings Plc (HSBA) predicts wind developers will pay an interest
rate of 13 percent, more than the 8 percent rate on BNDES loans.