IFC grants 'super green' loan to Neoenergia unit

IFC grants 'super green' loan to Neoenergia unit

Corporate & Sovereign Strategy International Financial Institutions Loans Brazil ESG Capital Markets Electricity Sustainability-Linked Green Finance Renewable

The International Finance Corportation (IFC), the private sector division of the World Bank, said it granted a BRL550 million ($101 million) green and sustainability-linked loan to Coelba, a division of Brazil's Neoenergia in Bahia. "IFC's funding is the first 'super green' loan — combining traditional 'green' use-of-proceeds with sustainability-linked financing features — for a power distribution company in Latin America," the multilateral lender said in a press release on Monday. The eight-yea

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