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Acciona partners with IFC, Proparco, DEG and FMO to boost sustainable infrastructure in Latin America
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Proparco provided a EUR 123m financing to Acciona, a leading global infrastructure company, to advance its sustainable infrastructure projects in Latin America. This financing is part of a larger Green and Sustainability Linked Loan, arranged by IFC, a member of the World Bank Group, and with participations from DEG and FMO (the Development finance institutions from Germany and The Netherlands).
Proparco’s loan will finance part of São Paulo’s new metro line 6, one of the world’s largest public-private partnerships under development in the infrastructure sector. This metro line will connect 600,000 daily passengers from low-income suburbs to the city center, reducing commute times from 1.5 hours to 23 minutes each way, and improving access for underserved populations to essential services such as education, healthcare, and to job opportunities.
In terms of positive impacts, this project (with 100% climate co-benefits) will also generate reductions around 100,000 TCO2 eq. / year.
Proparco’s loan is part of a first USD 380 million tranche, signed on December 2024 with Acciona Financiación Filiales, a financing vehicle of the company. This tranche will be allocated to projects in Brazil and Peru. Additional tranches, totaling $220 million, will support Acciona’s other sustainable infrastructure projects in emerging markets.
In addition to green use of proceeds and the SLL structure, which will incentivize Acciona to increase the share of capital expenditures in alignment with the EU taxonomy, the loan will also incorporate a local impact indicator. The focus will be on providing essential services to communities in Brazil and Peru, such as connecting households and communities to solar energy, ensuring water supply, and installing photovoltaic systems. This innovative structure is aligned with the “Dual Impact” approach of Acciona as presented in its Sustainable Impact Financing Framework.
Acciona, a global leader in renewable energy, transport, and water infrastructure, operates in over 40 countries. The company is committed to sustainability and innovation, with a strong focus on reducing greenhouse gas emissions and promoting resilient infrastructure. This partnership builds on previous collaborations in Mexico, Egypt, and Croatia, and supports ongoing green hydrogen projects in Latin America.
Ariane Ducreux, Head of Energy & Digital at Proparco, said “Supporting Acciona’s sustainability finance initiatives in Latin America is fully aligned with Proparco’s strategy to foster green and sustainability-linked initiatives in the region. With its ‘Dual Impact’ approach, Acciona sets new standards in the Latin-American infrastructure finance market, with references to both international standards, such as the EU-Taxonomy, and bespoke local impact indicators for access to essential services. We are particularly proud to support São Paulo’s Metro Line 6, a flagship project we have been following for a long time, and to be able to do so with trustful partners such as IFC, DEG and FMO.”
This collaboration contributes to the United Nations’s Sustainable Development Goal 6, supporting clean water and sanitation; Goal 7, ensuring access to affordable, reliable, sustainable, and modern energy for all; as well as Goal 13, incentivizing climate actions.