Caixa Econômica Federal (CEF), with a loan from the World Bank, financing from the Green Climate Fund (GCF), its own (CEF) resources, private entities debt and equity designed this programme with support from the World Bank.
The objective of the programme is to unlock private financing for urban energy efficiency projects by reducing credit risk and enhancing the technical quality of Efficient Street Lightning (ESL) and Industrial Energy Efficiency (IEE). Projects are funded through the Energy Efficiency Facility (FEE), managed by the national bank, Caixa Econômica Federal.
The fund has two components:
An Energy Efficiency Facility (syndication of 766MUSD sub-loans and guarantee fund of 225 million USD)
Technical assistance component to help increase CEF's capacity to implement the project (10 million USD investment).