FP065
Financial Instruments for Brazil Energy Efficient Cities (FinBRAZEEC)
Financial Instruments for Brazil Energy Efficient Cities (FinBRAZEEC)
Providing a mix of public and private sector finance to provide funds for reducing energy intensity across Brazil.
Brazil has a high potential to achieve energy efficiency at scale given the country's high-energy intensity. Challenges exist, however, in mobilizing government and private investments. These challenges include government constraints caused by fiscal imbalances, and a steep decrease in private sector investment due to a slow recovery from several years of recession.
This project focuses on promoting energy efficiency to help Brazil meet its NDC goal by reducing energy demand. It will create a debt facility that catalyses private sector investments and channels loans to help cities adopt a standardized and replicable public-private partnership for street lighting. This will help provide off-balance sheet financing for energy efficiency to the industrial sector.
The project has an estimated lifespan of 15 years.
Project timeline
Pipeline
16 Oct 2017 - 137 days
Funding proposal received
16 Oct 2017
Cleared by GCF Secretariat
30 Nov 2017
Cleared by iTAP
06 Feb 2018
Approved
01 Mar 2018 - 718 days
Approved by GCF Board
01 Mar 2018
Legal opinion on AE's Internal Approval
20 Aug 2019
Lapsed
16 Feb 2020
-
Financing
- Private sector
- Public sector
-
Size
- Micro
- Small
- Medium
- Large
GCF financing
| Instrument | Amount |
|---|---|
| Loan | USD 186,000,000 |
| Grant | USD 5,000,000 |
| Grant | USD 4,000,000 |
| Total GCF Financing |
|---|
| USD 195,000,000 |
Co-financing
| Co-financer | Instrument | Amount |
|---|---|---|
| Co-Financing | Loan | USD 400,000,000 |
| Co-Financing | Loan | USD 180,000,000 |
| Co-Financing | Equity | USD 330,000,000 |
| Co-Financing | Guarantee | USD 200,000,000 |
| Co-Financing | Grant | USD 1,000,000 |
| Total Co-Financing |
|---|
| USD 1,111,000,000 |
GCF Contacts
General media inquiries
GCF CommunicationsSend e-mail
Request for information
GCF Information DisclosureRequest information about this project
Project complaints and grievances
GCF Independent Redress Mechanism (IRM)Phone +82 32 458 6186 (KST)
File a complaint
Integrity issues
GCF Independent Integrity Unity (IIU)Phone +82 32 458 6714 (KST)
Send e-mail
Entity
International Bank for Reconstruction and Development and International Development Association
Senior Carbon Finance Specialist
The World Bank 1818 H Street, NW MSN MC3-309 Washington DC 20433 USA, Washington, United States
More contacts
National Designated Authority
Secretariat for International Affairs, Ministry of Finance
Secretary for International Affairs
Esplanada dos Ministérios, Bloco P, 6° andar, Brasilia, Brazil
Deputy Secretary for Sustainable Development Finance
Esplanada dos Ministérios, Bloco P, 6° andar, Brasilia, Brazil
General Coordinator for Sustainable Finance
Esplanada dos Ministérios, Bloco P, 6° andar, Brasilia, Brazil
livia.oliveira@fazenda.gov.br
luana.magalhaes@fazenda.gov.br
daniela.guimaraes@fazenda.gov.br
Documents
| Title | Type | Date |
|---|---|---|
| Notification related to FP065 | Notification | 16 Feb 2020 |
| Gender action plan for FP065: Financial Instruments for Brazil Energy Efficient Cities (FinBRAZEEC) | Gender action plan | 23 May 2018 |
| Gender assessment for FP065: Financial Instruments for Brazil Energy Efficient Cities (FinBRAZEEC) | Gender assessment | 22 May 2018 |
| Financial instruments for Brazil Energy Efficient Cities (FinBRAZEEC) | Approved funding proposal | 27 Mar 2018 |
| Environmental and social safeguards (ESS) report for FP065: Financial Instruments for Brazil Energy Efficient Cities (FinBRAZEEC) | Environmental and Social Safeguards report | 22 Feb 2018 |