EIB and Neoenergia sign €150 million green loan, guaranteed by Cesce, to modernise electricity networks in Brazil

The European Investment Bank (EIB), through EIB Global, and Neoenergia have signed a €150 million financing agreement to upgrade and modernise the electricity distribution network operated by Neoenergia Elektro in the Brazilian states of São Paulo and Mato Grosso do Sul. The loan will support an investment programme with a total cost of around €342 million, to be implemented between 2027 and 2030. The EIB loan is guaranteed by the Spanish export credit agency, Cesce. This is the first EIB-financed operation with Neoenergia backed by Cesce’s guarantee to support green projects led by Spanish subsidiaries outside Spain.