星期六, 19 4 月, 2025
Home PV News IDB Invest lends USD 110m for DG solar expansion in Brazil

IDB Invest lends USD 110m for DG solar expansion in Brazil

IDB Invest, the private sector arm of the Inter-American Development Bank (IDB), has granted a local currency loan equivalent to USD 110 million (EUR 101.5m) in order to finance small-scale photovoltaic (PV) energy systems in Brazil.

The agreement was struck with local financial institution cooperative Banco Cooperativo Sicredi SA. Sicredi will use the funds to help its customers finance distributed generation (DG) PV systems, thus expanding the Brazilian market, the bank stated in its press release.

The extended financing consists of USD 100 million from IDB Invest’s own resources and USD 10 million of blended financing from the Canadian Climate Fund for the Private Sector of the Americas (C2F).

IDB Invest will also offer its advisory services to help identify green assets in Sicredi’s portfolio, train employees and clients on sustainability and create a green bond framework ahead of future issuances.

(USD 1 = EUR 0.923)

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

City of Fresno can’t stop adding solar and storage to city-owned sites

Today the City of Fresno Dept. of Public Utilities (DPU) in California conducted a “Flip the Switch” ceremony to celebrate the completion of solar...

Texas 600 MW solar farm starts to build

Renewable developer Vesper Energy has cut the ribbon on Hornet Solar in Swisher County, Texas, one of the largest single-phase solar farms in the...

Invenergy gets PPA for 120-MW solar project in Washington

Invenergy announced it has signed a 20-year PPA with the Grant County Public Utility District for a 120-MW solar project in Washington State. Located...

Fayette commissioners approve ordinance to regulate solar farms

The Fayette County commissioners voted unanimously to pass a solar ordinance that will impact 31 of the county’s 42 municipalities during Thursday’s commissioner meeting. The...