Release date: 9 June 2023
Promoter – Financial Intermediary
BANCO BTG PACTUAL SALocation
Description
The project consists in an intermediated lending transaction with Banco BTG Pactual. The operation will finance the expansion of its green energy lending portfolio under a Framework Loan and its lending portfolio to small and medium sized enterprises (SMEs) and Midcaps under a multiple beneficiary intermediated loan (MBIL).
Objectives
The aim is to finance climate action projects undertaken by private sector companies and small-scale projects carried out by SMEs and Midcaps in Brazil.
Sector(s)
- Energy - Electricity, gas, steam and air conditioning supply
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 300 million
Total cost (Approximate amount)
EUR 600 million
Environmental aspects
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Signed - 5/11/2024
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).