IFC commits US$40 million loan for 90 MWp solar projects in Brazil

IFC has committed a US$40 million loan to Origo Energia for a portfolio of 22 small-scale, ground-mounted distributed generation (DG) solar projects in Brazil with a total capacity of 90 MWp. The financing includes concessional funding from the Clean Technology Fund and is structured as a green loan to support renewable energy development. This marks IFC’s first DG financing in Latin America and the Caribbean.

Source: SME Street