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Program BID-BNDES to Finance the Sustainable and Productive Recovery of Micro, Small and Medium Enterprises (MSMEs)

Sector: Energy Storage • Location: Brazil

Source: Inter-American Development Bank (IADB)

Project
Cancelled

This contingent investment grant will support a loan (BR-L1576) and be complemented by a technical cooperation (BR-T1497) with the aim to seeks to address main investment barriers for battery storage Brazil, i.e. lack of familiarity with BESS technology among key stakeholders, lack of adequate cost recovery mechanisms, and high upfront costs - CAPEX. In this sense, the IGR will support the Brazili

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The project “Program BID-BNDES to Finance the Sustainable and Productive Recovery of Micro, Small and Medium Enterprises (MSMEs)” is an infrastructure initiative in the Energy Storage sector, located in Brazil. Taiyo aggregates data on it from Inter-American Development Bank (IADB).

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Participants

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Status

Original status

cancelled

Taiyo status

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Description

Description

This contingent investment grant will support a loan (BR-L1576) and be complemented by a technical cooperation (BR-T1497) with the aim to seeks to address main investment barriers for battery storage Brazil, i.e. lack of familiarity with BESS technology among key stakeholders, lack of adequate cost recovery mechanisms, and high upfront costs - CAPEX. In this sense, the IGR will support the Brazilian National Development Bank (BNDES) in capitalizing a guarantee fund (Fundo Garantidor para Eficiência Energética, or FGEnergia) which will offer to their vast network of partner local financial intermediaries (LFIs) concessionally-priced guarantees to be used as alternative collateral in order to expand lending to MSMEs investments in BESS.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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