EDP and IFC Deepen Partnership to Expand Energy Access, Support Jobs and Growth in Latin America
United States, Oct. 19 -- IFC (International Finance Corporation), a member of the World Bank Group, recently announced two investments totaling $301 million with global energy company EDP to support clean energy generation in Mexico and electricity grid upgrades in Brazil. These two investments will improve electricity access and supply for approximately 200,000 people, support the creation of over 4,400 jobs combined, and reduce carbon emissions by an estimated 297,000 tons of carbon dioxide equivalent per year.In Mexico, IFC provided a $222 million loan to support the development of a 200-megawatt solar photovoltaic power plant. IFC's investment is part of a $444 million financing package that supports EDP's renewable energy operations g...
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