Renewable Energy Integration Program for the Northeast of Brazil

The overall development objective for this transaction is to strengthen the integration of energy generation from Variable Renewable Sources (VRS) in Brazil's Northeast region into the national integrated system, promoting private capital to decarbonize energy supply services. The specific development objectives include: (i) expand the transfer capacity of the Northeast region's electric power grids; (ii) expand the financing of electric power systems that promote greater flexibility in the Brazilian electricity system; and (iii) support the implementation of energy storage technologies.

Project Detail

Country

Brazil

Project Number

BR-L1637

Approval Date

Project Status

Preparation

Project Type

Loan Operation

Sector

FINANCIAL MARKETS

Subsector

BANKING MARKET DEVELOPMENT

Lending Instrument

Investment Loan

Lending Instrument Code

INV

Modality

GCR (Global Credit Operation)

Facility Type

Environmental and Social Impact Category (ESIC)

Total Cost

USD 67,000,000.00

Country Counterpart Financing

Original Amount Approved

USD 67,000,000.00

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Preparation Phase

https://www.iadb.org/document.cfm?id=EZIDB0002011-1855041703-6

Project Profile

PP - Perfil de Proyecto publicado - Programa de Integracion de Energias Renovables del Nordeste de Brasil - BR-L1637.pdf

Jul. 30, 2024

Spanish

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