FinDev Canada loans Acelen Renewables $58M as part of $854M package
In Canada, Canada’s bilateral development finance institution (DFI), FinDev Canada, announces a $58 million loan to Acelen Renewables based in Bahia, Brazil. The financing will support the construction and operation of a biorefinery which utilizes Hydroprocessed Esters and Fatty Acids (HEFA) technology.
FinDev Canada’s loan is part of a $854 million construction facility which includes DFI and commercial lenders, such as International Finance Corporation (IFC), IDB Invest, Kreditanstalt für Wiederaufbau, Asian Infrastructure Investment Bank (AIIB), Brazilian Development Bank, Banco Bilbao Vizcaya Argentaria, S.A., Abu Dhabi Bank, and Bradesco.
Category: Fuels
