Intermediated Framework Loan to Sicredi, Brazil's second-largest credit cooperative, to finance solar energy investments mainly by small and medium-sized enterprises (SMEs) and households.
The operation will generate environmental benefits by supporting renewable energy investments into solar photovoltaic schemes that help mitigate climate change.
By supporting investments into solar photovoltaic schemes, the project is expected to contribute to the EIB's objectives under the Climate Action and Environmental Facility (CAEF) by promoting climate change mitigation. The operation is well aligned with the United Nations Sustainable Development Goals 7 (Affordable and Clean Energy) and 13 (Climate Action). The operation will also contribute to the EIB's priority objectives for energy sector lending related to renewable energy sources, in line with the EIB's Energy Lending Criteria and its Climate Action objectives.
It is expected that the beneficiaries of the schemes under this Framework Loan will be predominantly private entities not operating in the utility sector, not having a status of contracting entity and not being concessionaire. However, it cannot be excluded that some schemes could be classified as public for procurement purposes. Schemes that are subject to local content requirements will not be eligible for the EIB's financing. In any case, the Financial Intermediary will be required to take all the requisite measures to ensure that the procurement procedures are carried out in accordance with the Bank's Guide to Procurement.
ACCESS TO INFORMATION
You can submit an information request for project information at: https://www.eib.org/en/infocentre/registers/request-form/request-form-default.htm
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