IFC, Usina Santa Adélia to Boost Renewable Energy

In Brazil, IFC supports $50 million financing package to Usina Santa Adélia that will expand the company’s ethanol production and support the renewal of sugarcane plantations, utilizing innovative and climate-smart agricultural techniques to mitigate climate risks.

The financing package consists of $30 million from IFC’s own-account and up to $20 million mobilized from Rabobank. IFC’s loan will support Usina Santa Adélia’s investment program, which includes the renewal of 24,100 hectares of existing sugarcane fields utilizing climate-smart agricultural techniques, including the use of the meiose system. The company also plans to use satellite pictures and drones to track weather information and impacts on sugarcane development to best adapt agricultural planning of cane. The program relies on the implementation of efficient pivot and drip irrigation systems, helping increase productivity and boost the sector’s climate resilience.

As part of the project, IFC will also assist Usina Santa Adélia in the implementation of climate mitigation and adaptation strategies to improve the company’s operational efficiency, reducing water consumption and supporting renewable energy generation from sugarcane bagasse and bioethanol production.