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

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

Cancelled

Project Type

Investment Grants

Sector

FINANCIAL MARKETS

Subsector

FINANCING FOR ENVIRONMENTAL SUSTAINABILITY

Lending Instrument

Lending Instrument Code

Modality

Facility Type

Environmental and Social Impact Category (ESIC)

Category B13: 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	Jun. 27, 2025		Clean Technology Fund	Contingent Grant Financing

Operation Number

GRC/TC-19109-BR

Lending Type: Sovereign Guaranteed
Reporting Currency: USD - United States Dollar
Reporting Date: Jun. 27, 2025
Signed Date:
Fund: Clean Technology Fund
Financial Instrument: Contingent Grant Financing

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Implementation Phase

https://www.iadb.org/document.cfm?id=EZIDB0000578-522669563-45464