May 19, 2021
The International Finance Corporation (IFC), part of the World Bank Group, said Tuesday that it granted a $120 million loan for Brazilian financial co-operative Sicredi to fund renewable energy projects with a focus on solar investments.
The loan is the first deal with a Brazilian co-op to receive certification from the Climate Bonds Initiative (CBI), a UK-based organization that promotes investments in the low-carbon economy. The loan also aligns with the Green Loan Principles, IFC said in a pr
US-based multilateral lender supplies $120 mln for solar projects and other renewable energy investments