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BR-G1011 : Program BID-BNDES to Finance the Sustainable and Productive Recovery of Micro, Small and Medium Enterprises (MSMEs)

Project Status: Implementation

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

Project Number
BR-G1011
Approval date
December 15, 2021
Project Country
Brazil
Project Sector
FINANCIAL MARKETS
Project Subsector
FINANCING FOR ENVIRONMENTAL SUSTAINABILITY
Project Type
Investment Grants
Environmental and social impact category
B13
Project Status
Implementation
Operation Number
GRC/TC-19109-BR

Financial Information

Project Number
BR-G1011
Project Status
Implementation

IDB Financing

Financing type
GRC
Fund
Clean Technology Fund
Reporting currency
USD - United States Dollar
Reporting date
Jun/23/2022

Roles & Responsibilities

Project Information

Total Cost
USD 5,000,000
Country counterpart financing
USD 0
Amount
USD 5,000,000