| Project Detail |
The framework loan will finance the expansion of Banco do Brasils renewable energy and energy efficiency portfolios to support the Global Gateway Investment Agenda priorities in Brazil. The operation will also support the intermediarys lending portfolio to small and medium-sized enterprises (SMEs) and mid-caps under a multiple beneficiary intermediated loan (MBIL). Objectives By supporting investments into renewable energy and energy efficiency, the project is expected to contribute to the EIBs objectives under the Targeted Green Economy Facility (TGEF) by promoting climate change mitigation. The operation is well aligned with the United Nations Sustainable Development Goal 7 (Affordable and Clean Energy) and 13 (Climate Action). The operation will also contribute to the EIBs priority objectives for energy sector lending related to renewable energy sources and energy efficiency measures, in line with the EIBs Energy Lending Criteria and its Climate Action objectives. Sector(s) Energy - Electricity, gas, steam and air conditioning supply Credit lines - Credit lines Under Global Europe NDICI guarantee Under EFSD+ Guarantee Proposed EIB finance (Approximate amount) EUR 300 million Total cost (Approximate amount) EUR 600 million |
