German development bank KfW has long been a leader in renewable-energy investment. In the first half of the year, it increased renewable investment by 4.5% to EUR 2.3 billion, largely in European onshore wind.
Finance
But the bank's influence is now extending beyond Europe. In July, it signed an agreement to make a $335 million loan to its Brazilian counterpart, BNDES, for the financing of wind projects. Newly promoted to managing director, Ufer was previously global head of power, renewables and water.
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