Two subsidiaries of Brazilian energy group Neoenergia completed green bond issuances totalling R$1 billion in December 2025, in the first green debenture issuances under Brazil's federal Eco Invest programme. Bradesco BBI acted as sole coordinator and ESG adviser on both transactions, which carried a ten-year tenor with semi-annual interest; an independent opinion from ERM confirmed their alignment with Neoenergia's Green & ESG Debt Issuance Protocol and the Eco Invest programme.
The proceeds from the bonds are earmarked for a package of electricity network upgrades including smart grid deployment, underground cabling of existing overhead lines, and substation modernisation. These categories align with the infrastructure investment priorities set out under the Eco Invest framework, which was established by the Brazilian federal government to attract private, especially foreign, capital into the ecological transition through risk-mitigation and financial-leverage mechanisms.
THE ECO INVEST PROGRAMME
By combining public risk-mitigation tools with private capital, the programme aims to lower the cost of funding for eligible green projects.
The bank supported Neoenergia in obtaining the independent ERM opinion required to show that proceeds go to projects with measurable environmental benefits under Eco Invest.
Neoenergia is a Brazilian electricity distribution and transmission group with operations in several states.
Bank news that matters, every weekday.
Follow The Global Banker on LinkedIn