📋 Tender Overview
Project Number: 47827
Company Name: BANCO VOTORANTIM S.A.
Date SPI Disclosed: Apr 25, 2024
Country: Brazil
Region: South America
Projected Board Date: May 30, 2024
Environmental Category: FI-3
Status: Pending Approval
Department: CF6L3 - Regional Industry FIG LAC & EUR/FIG LAC 3 Southern Cone & Brazil
Industry: Financial Institutions
Sector: Commercial Banking - General
Project Description
The proposed investment consists of a 5-year amortizing loan of up to US$150 million to Banco Votorantim S.A. (BV or the Bank) to support on-lending for solar distributed generation systems in Brazil.
Total Project Cost and amount and nature of IFC's Investment: The Project entails an IFC A loan of up to US$ 150 million. IFC’s loan to BV is targeted to finance eligible solar distributed generation systems and related costs, including the purchase of the equipment and costs of installation and set-up of the sub-project.
Financing Sources:
2) World Bank (WB)
1818 H Street, NW Washington,
DC 20433 USA
Tel : (202) 473-1000
https://www.worldbank.org/
