Banco Caixa Geral - Brasil SEF

completed

The proposed project is a USD 50 million A Loan to Banco Caixa Geral – Brasil S.A. (“BCG”) to fund climate smart transactions in Brazil. Eligible transactions will include renewable energy (expected to primarily consist of utility scale wind farms, solar farms, and biomass plants), energy efficiency (primarily co-generation), and possibly water efficiency, and cleaner production projects. This project will represent the first such project with the Bank in Brazil, and an opportunity to strengthen the relationship with an important player at a regional and global level, and one with a strong corporate commitment to sustainability. IFC’s role is to provide long-term finance, sustainable energy expertise, and E&S guidance. This project will contribute to climate change mitigation through BCG’s commitment to climate smart financing.