The BNDES (National Bank for Economic and Social Development) has taken another step towards strengthening the green economy in the country. This week, the institution signed a new agreement with the Instituto de Crédito Oficial (ICO), a public development bank in Spain, to raise up to US$200 million — approximately R$1,1 billion — to finance projects focused on sustainability and the development of clean infrastructure.
The aim is to initiatives that promote renewable energy, energy efficiency and infrastructure projects with a positive environmental impact, such as reducing greenhouse gas emissions and mitigating climate change. In addition, the agreement contributes to intensifying trade relations between Brazil and Spain.
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This is the third collaboration between BNDES and ICO. Together, the institutions have already provided approximately US$400 million (approximately R$2,3 billion) in financing for 16 projects in the energy, construction, transportation, storage and sanitation sectors.
According to the bank's president, Aloizio Mercadante, the ICO financing reinforces the bank's ability to sustainable projects aimed at energy transition, emissions reduction and infrastructure improvements. It is also part of BNDES' strategy to diversify its sources of funding, ensuring access to more competitive conditions.
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