IFC and ACCIONA Partner to Drive Sustainable Infrastructure in Emerging Markets
Key Ideas
- IFC and ACCIONA collaborate to support sustainable infrastructure projects in Peru and Brazil, focusing on renewable energy integration and public transportation enhancements.
- The partnership includes a $600 million green and sustainability-linked loan to finance projects in Brazil and Peru, with future tranches planned for other emerging markets.
- The loan incentivizes sustainable practices and local impact, aligning with EU taxonomy, UN Sustainable Development Goals, and ACCIONA's 'Dual Impact' philosophy.
- The collaboration demonstrates a commitment to driving sustainable development, decarbonizing energy sectors, and providing essential services to communities in the region.
The International Finance Corporation (IFC) and ACCIONA have formed a strategic partnership to advance sustainable infrastructure projects in emerging markets, starting with initiatives in Peru and Brazil. In Peru, IFC will support ACCIONA's power transmission projects to enhance the national grid and increase renewable energy integration. The partnership will also aid in financing São Paulo's new Metro Line 6 in Brazil, significantly improving public transportation and reducing commute times. The collaboration includes a $600 million green and sustainability-linked loan to support these projects, with additional tranches planned for other sustainable infrastructure endeavours. The loan structure promotes green practices and local impact, aligning with EU taxonomy and UN Sustainable Development Goals. Furthermore, the partnership supports ACCIONA's 'Dual Impact' philosophy by focusing on providing essential services to communities in Brazil and Peru. This collaborative effort aims to drive sustainable development, decarbonize energy sectors, and enhance resilience in the region. The agreement also involves a bankability review of a green hydrogen project in Brazil, showcasing a commitment to innovation and sustainable practices.
Topics
Green Hydrogen
Renewable Energy
Economic Growth
Public Transportation
Emerging Markets
Global Partnerships
Community Impact
Sustainable Infrastructure
Sustainability-linked Finance
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