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The collaboration includes a green loan linked to sustainability goals to partially finance the São Paulo metro’s Line 6 in Brazil and transmission lines in Peru
. ACCIONA and the International Finance Corporation (IFC), a member of the World Bank Group, have announced today an agreement to drive environmentally and socially responsible infrastructure projects across emerging markets. This deal includes a US$600 million green and sustainability-linked loan (SLL).
The first tranche of US$380 million comprises a US$145 million IFC loan in which the Dutch development bank FMO participates with an investment of 95 million dollars and two parallel loans from DEG, which belongs to German development bank KfW (worth US$105 million), and from Proparco, part of the French Development Agency group (worth US$130 million). This first tranche will go to projects in Peru and Brazil.
The second tranche of US$220 million will support additional sustainable infrastructure projects in emerging markets.
The partnership’s first projects will focus on decarbonizing Peru’s energy sector and transforming urban mobility in Brazil. Both projects will contribute to strengthening critical infrastructure, improving quality of life, and reducing greenhouse gas emissions.
In Peru, the IFC will support three of ACCIONA’s power transmission projects aimed at integrating renewable energy into the national grid. The projects — the 220 kV Reque-Nueva Carhuaquero, 220/60 kV Nueva Tumbes, and 220 kV Ica-Poroma lines — are vital in facilitating the transition to a cleaner, renewable energy mix while meeting Peru’s growing energy demand.
In Brazil, the partnership will fund part of the São Paulo metro’s Line 6, one of the largest public-private partnerships (PPPs) in the global infrastructure sector. This new subway line is set to revolutionize urban mobility for around 600,000 daily passengers, connecting the outskirts to the city center. By reducing commute times from 1.5 hours to just 23 minutes each way, the project will enhance access to education, healthcare, and economic opportunities, significantly improving quality of life for outskirt residents.
LOCAL IMPACT
The sustainability-linked green loan ties its financing terms to ACCIONA’s achievement of specific environmental and social performance targets, focused on two sets of indicators.
The first one is a corporate indicator aimed at increasing ACCIONA’s capital expenditure in alignment with the EU taxonomy for sustainable activities.
The second one is a local impact indicator based on providing essential renewable electricity, water supply and sanitation services to communities in the areas where the financed projects are developed. These local impact activities will be carried out by acciona.org, ACCIONA’s foundation. These projects thus promote the United Nations’ Sustainable Development Goal 7, ensuring access to affordable, reliable, sustainable, and modern energy for all.
Earlier this year, the IFC signed an agreement with ACCIONA & Nordex Green Hydrogen, ACCIONA’s green hydrogen joint venture with Nordex, to conduct an early-stage financial and technical feasibility review of the Alto dos Ventos industrial-scale project in Brazil. This project is a significant step forward in advancing green hydrogen technologies and Brazil’s decarbonization.
Jose Manuel Entrecanales, chairman and CEO of ACCIONA, said: “We are proud to partner with the IFC to enhance the positive impact of our projects at the local level. Together, we are driving progress by providing communities with essential electricity and water services. This agreement exemplifies the effectiveness of collaborative efforts and our shared commitment to sustainability.”
"Supporting global clients’ international expansion while boosting sustainability is at the core of our strategy," said Alfonso Garcia Mora, IFC vice-president for Latin America and the Caribbean. "Our partnership with ACCIONA will help decarbonize Peru’s energy sector and improve public transportation in Brazil, which contributes to resilience and sustainable development in the region."