Brazil May Invest $3 Billion in Energy Efficiency as Loans Rise
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Brazilian businesses may invest as much as $3 billion in energy-efficiency measures through 2020 as banks become more comfortable offering loans that will be repaid mainly through cost savings, according to the International Finance Corp.
Energy-service companies, which provide consulting and power audits, may spend as much as $400 million next year on systems that help corporate clients cut their power consumption, Daniel Shepherd, program manager for advisory services in Latin America and the Caribbean for the Washington-based IFC, said in a telephone interview.