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Neoenergia inks another sustainability-linked loan with IFC

Neoenergia inks another sustainability-linked loan with IFC

May 24, 2023 | Thierry Ogier
Brazilian power company, a subsidiary of Spain's Iberdrola, receives $160 mln to supply more electricity from renewable sources in São Paulo and Mato Grosso do Sul

Corporate & Sovereign Strategy Loans Brazil Spain United States ESG Electricity Sustainability-Linked

Neoenergia, a Brazilian subsidiary of Spanish power company Iberdrola, signed a BRL800 million ($161 million) sustainability-linked loan with International Finance Corporation (IFC), according to separate press releases on Tuesday. Neoenergia Elektro will use the money to invest in its network and add new connections in the states of São Paulo and Mato Grosso do Sul, allowing more end users to use electricity from renewable sources, IFC said in a press release. Neoenergia and IFC tied the intere

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