This contingent investment grant will support a loan (BR-L1576) and be complemented by a technical cooperation (BR-T1497) with the aim to seeks to address main investment barriers for battery storage Brazil, i.e. lack of familiarity with BESS technology among key stakeholders, lack of adequate cost recovery mechanisms, and high upfront costs - CAPEX. In this sense, the IGR will support the Brazilian National Development Bank (BNDES) in capitalizing a guarantee fund (Fundo Garantidor para Eficiência Energética, or FGEnergia) which will offer to their vast network of partner local financial intermediaries (LFIs) concessionally-priced guarantees to be used as alternative collateral in order to expand lending to MSMEs investments in BESS.

Project Detail

Country

Brazil

Project Number

BR-G1011

Approval Date

December 15, 2021

Project Status

Implementation

Project Type

Investment Grants

Sector

FINANCIAL MARKETS

Subsector

FINANCING FOR ENVIRONMENTAL SUSTAINABILITY

Lending Instrument

-

Lending Instrument Code

-

Modality

-

Facility Type

-

Environmental Classification

Uncategorized Directive B.13

Total Cost

USD 5,000,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 5,000,000.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
GRC/TC-19109-BR Sovereign Guaranteed USD - United States Dollar Clean Technology Fund Contingent Grant Financing
Operation Number GRC/TC-19109-BR
  • Lending Type: Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Clean Technology Fund
  • Financial Instrument: Contingent Grant Financing

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 Implementation Phase
https://www.iadb.org/document.cfm?id=EZIDB0000578-522669563-44105
Project Monitoring Report ( Public version)
BR-G1011 First period Jan-Jun 2023 - Public Report.PDF
Jan. 26, 2024
English
https://www.iadb.org/document.cfm?id=EZIDB0000578-522669563-43465
Project Monitoring Report ( Public version)
BR-G1011 Second period Jan-Dec 2022 - Public Report.PDF
Jul. 19, 2023
English
https://www.iadb.org/document.cfm?id=EZSHARE-522669563-42195
Project Monitoring Report ( Public version)
BR-G1011 First period Jan-Jun 2022 - Public Report.PDF
Feb. 08, 2023
English
https://www.iadb.org/document.cfm?id=EZSHARE-522669563-41361
Project Monitoring Report ( Public version)
BR-G1011 Second period Jan-Dec 2021 - Public Report.PDF
Aug. 11, 2022
English
https://www.iadb.org/document.cfm?id=EZSHARE-965128629-49367
Loan Contract
Programa del BID y el BNDES para Financiar la Recuperación Sostenible y Productiva de la Micro, Pequeña y Mediana Empresa - CTF.pdf
Jan. 31, 2022
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-965128629-49368
Loan Contract
Program BID-BNDES to Finance the Sustainable and Productive Recovery of Micro, Small and Medium Enterprises - CTF.pdf
Jan. 31, 2022
English
https://www.iadb.org/document.cfm?id=EZSHARE-1082694721-23
Loan Proposal
Brasil. Propuesta prest y finan no reembolsable para inversion Prog del BID y el BNDES fin recup MiPME BR-L576 - BR-G1011.pdf
Dec. 06, 2021
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-1082694721-24
Loan Proposal
Brazil. LP and nonreimbursable investment financing Prog BID-BNDES to Finance the Sustain Product Recovery MSME - BR-L1576 BR-G1011.pdf
Dec. 06, 2021
English
 Preparation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-1082694721-1
Project Profile
PP - Program to Finance the Sustainable and Productive Recovery of MSME - BR-L1576 - BR-G1011.pdf
Nov. 03, 2021
English

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