Financing of clean energy sources in RS grows 208% in 2023

Last year, Rio Grande do Sul recorded a 208% growth in the volume of financing for clean energy generation in the state. In total, R$479,8 million was invested in small hydroelectric and photovoltaic plant projects in 2023. In 2022, this amount was R$155,7 million.

“Increasing investments in favor of a new energy matrix demonstrates environmental concern, but it is also a strategic issue in economic terms. Therefore, last year’s performance in this area signals how aligned we are with the sustainability agenda,” said Ranolfo Vieira Júnior, vice president and director of operations at BRDE (Regional Development Bank of the Far South).

Of particular note is the investment in the Iracema photovoltaic plant, in Montenegro, in the interior of the state. The project led by the company Agropastoril Matheus received R$6 million in investment with a capacity of 1374,96 kWp. The energy generated in the project will be sold to a single customer in order to offset their energy consumption costs.

In the state, the bank also financed the plant in the municipality of Santa Rosa, which will have a generation capacity of 1,5 MWh. However, there are plans for it to reach 30 MWh in the future.

The bank also financed the photovoltaic plant at Maringá airport, which is still ongoing. The annual savings planned with this project are R$1 million per year, approximately 95%. Most of the source of these contributions made by BRDE comes from raising funds from international partners.

“This positive performance reflects the bank’s efforts to diversify its funding, which consolidates our work in supporting projects focused on the energy transition. These are innovative models with very positive prospects for the near future,” says Leonardo Busatto, BRDE’s Planning Director.

Who can receive financing?

BRDE, through the Mais Energia Sustentável project, can finance clean energy generation projects for companies, rural producers, cooperatives and municipalities with headquarters and projects in the states in the CODESUL region of operation (PR, SC, RS and MS).

Minimum amounts vary depending on the type of financing. For micro and small companies, this mark is generally around R$50 to R$150, while for others this amount is R$300.

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