Release date: 13 July 2023
Promoter – Financial Intermediary
BANCO VOTORANTIM SALocation
Description
The operation consists of a loan to Banco Votorantim to finance the expansion of its solar energy lending portfolio under a framework loan. Additionally, it will also support its lending portfolio to small and medium sized enterprises (SMEs) and mid-caps under a Multi Beneficiary Intermediated Loan (MBIL).
Objectives
The aim is to enhance access to finance for climate action projects undertaken by households and private sector companies, as well as eligible small-scale projects carried out by SMEs and mid-caps in Brazil.
Sector(s)
- Energy - Electricity, gas, steam and air conditioning supply
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 200 million
Total cost (Approximate amount)
EUR 400 million
Environmental aspects
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Under appraisal - 26/04/2023