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Amazonia Finance Network Expands Membership and Finances Pilot Projects for Sustainable Growth in the Amazon Region

Amazonia Finance Network Expands Membership and Finances Pilot Projects for Sustainable Growth in the Amazon Region
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MICROCAPITAL BRIEF: EIB Loans $214m to Sicredi for Solar Panels for Households, SMEs in Brazil

MICROCAPITAL BRIEF: EIB Loans $214m to Sicredi for Solar Panels for Households, SMEs in Brazil
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European Investment Bank - Brazil: EIB grants €200 million to Sicredi for SMEs and households solar energy investments

Highlights The project will contribute 100% to Climate Action (mitigation) Solar PV plants will be installed to individual homes, SMEs and potentially rural schoolsThe European Investmen. . .

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Emirates News Agency - Brazil-based EIB grants €200 million to Sicredi for SMEs and households solar energy investments

BRUSSELS, 3rd June, 2023 (WAM) The European Investment Bank (EIB) and Sicredi, a cooperative financial institution operating in all regions of Brazil, signed an agreement aimed at fostering the use of renewable energy in Brazil. Ricardo Mourinho Félix, Vice-President of the EIB, and César Bochi, CEO of Banco Cooperativo Sicredi, signed a €200 million loan in Brasilia, which will be used by Sicredi to finance the installation of photovoltaic panels on homes, small and medium-sized businesses and rural properties.The project will contribute 100 percent.

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