Sicredi Green Financing

in implementation

The proposed transaction with Banco Cooperativo Sicredi S.A. (“Sicredi”) consists of a senior unsecured financing of up to one hundred million dollars (US$100,000,000) to be denominated in Brazilian reals, to be funded by IDB. In addition, IDB Invest (“IDBI”), in its capacity as administrator of the Canadian Climate Fund will provide a loan of up to the equivalent in Brazilian Reals to ten million dollars (US$10,000,000) to be funded by IDBI, in its capacity as administrator of the Canadian Climate Fund.The use of proceeds will be to extend credit to photovoltaic (PV) solar projects through Eligible Cooperatives (cooperativas singulares) and which form part of the Sistema de Crédito Cooperativo (the “System”).