- Brazilian Neoenergy receives green loan certification in financing from BNDES
Brazilian Neoenergy receives green loan certification in financing from BNDES
07/01/2022 Since 2 months
The financing operation between the National Bank for Economic and Social Development (BNDES) and Brazilian company Neoenergia (subsidiary of Spanish Iberdrola), that took place in December 2021, recently received the first green loan certification for energy transmission projects from renewable sources in Brazil.
The financed project involves the implementation of more than 1,100 kilometers of transmission lines between the Brazilian states of Paraná and Santa Catarina, which aim to transfer low-carbon energy, as well as increase the energy supply security in the respective states. The certification is in line with the Green Loan Principles (GLP) and good market practices for attracting green loans.
The report that certified the operation was carried out by the NINT Group, a social organization of public interest that evaluates the positive socio-environmental impact through the development of financial solutions that incorporate socio-environmental aspects in the strategy, risk management and investment evaluation.
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