BNDES Fundo Clima (Climate Fund) - Solar Financing
Administered by Banco Nacional de Desenvolvimento Econômico e Social (BNDES)
About this program
The Fundo Clima (National Fund on Climate Change), managed by BNDES under coordination of the Ministry of the Environment, is Brazil's main public climate finance instrument for renewable energy investments. After depletion during 2019-2022, the fund was reactivated in 2023 with R$ 630 million and expanded to R$ 10.4 billion in 2024. BNDES announced a R$ 20 billion green credit programme for solar and wind generation projects, with a focus on small and medium enterprises. The fund provides subsidised financing (below-market interest rates) for solar energy generation and distribution projects, technological development in the solar sector, and supporting the clean energy transition. R$ 15 billion in approvals projected for clean energy in 2025.
Eligibility requirements
- Available to Brazilian businesses, municipalities, and public entities
- Supports solar energy generation and distribution projects
- Focus on small and medium enterprises (SMEs)
- Subsidised interest rates below market levels
- Must apply through BNDES-accredited financial institutions
- Projects must contribute to climate change mitigation or adaptation
- Covers investment in generation and distribution of renewable energy
- Includes technological development activities in the solar sector
- Non-refundable resources also available via MMA for research and innovation
Official program page
Visit official websiteOpens in a new tab. Always verify details directly with the program administrator.