BNDES and JBIC sign financing agreement to support green projects including biocombustíveis and transmission infrastructure in Brazil

The Banco Nacional de Desenvolvimento Econômico e Social (BNDES) and the Japan Bank for International Cooperation (JBIC) signed a financing agreement worth up to R$ 943.5 million (USD 185 million) under the GREEN Line to support environmentally sustainable projects in Brazil. The funds will target biocombustíveis (biofuels) and transmission of electric energy projects, which are critical for decarbonization and integrating renewable energy into the grid. This is the seventh agreement signed under the GREEN Line, reflecting the long-standing cooperation between BNDES and JBIC. The GREEN Line aims to support projects that reduce greenhouse gas emissions, enhance energy efficiency, and promote renewable energy adoption globally. The financing will help accelerate Brazil's transition to a low-carbon economy by strengthening key infrastructure sectors.

Counterparts (2)

Lender

BNDES (Banco Nacional de Desenvolvimento Econômico e Social)

company

BNDES is Brazil's national development bank, providing extensive financing for critical infrastructure projects across energy, sanitation, and transport sectors. The institution also supports social, environmental, and export-oriented initiatives, acting as a key financier for sustainable economic development throughout Brazil.

Japan Bank for International Cooperation (JBIC)

company

Japan Bank for International Cooperation (JBIC) is a Japanese government-owned financial institution providing loans, guarantees, and equity investments to promote Japanese economic interests globally. With total assets of approximately $131 billion as of March 2023, it supports infrastructure, resource development, and export activities across Asia, Africa, the Middle East, and Latin America.