The Shanghai-based New Development Bank and Brazilian federal lender BNDES will contribute US$300mn each in financing for renewable energy projects.
Surya Mendonça took over the presidency of EBES, one of the largest distributed generation companies in Brazil, at the end of 2016 with an ambitious goal: install 1GW of new solar systems in the next three years. Mendonça spoke to BNamericas about how the company intends to accomplish this goal.
Works were to have been carried out by power utility Electricaribe, which was recently ordered into liquidation.
Recovering crude prices pushed up the Canadian company's revenues, despite lower oil production in Cuba.