![Brazil Brazil](https://cdn-www.bnamericas.com/img/flags/BRAZIL.jpg)
Why the Industrial Transition Accelerator is partnering up with Brazil
![Why the Industrial Transition Accelerator is partnering up with Brazil](https://cdnimg.bnamericas.com/utBSWTuDwrtwtjvXPeHdFEzKlXTTmfYVjYIQQkArhEhdgOtrEFGhBbjoNajefEXC.jpeg)
Brazil will become the first partner country of the Industrial Transition Accelerator (ITA).
Launched in December 2023 at the COP28 Global Climate Action Summit in Dubai, ITA brings together global leaders from all sectors, financial institutions and governments to unlock large-scale investments for the rapid deployment of decarbonization solutions.
The initiative is funded by Bloomberg Philanthropies and the United Arab Emirates.
BNamericas spoke with the ITA’s executive director, Faustine Delasalle, about what to expect from the initiative.
BNamericas: What are the prospects for results from the partnership between Brazil and the Industrial Transition Accelerator? What kind of projects can be stimulated from this?
Delasalle: We’re focusing on decarbonizing the industrial sector, particularly the steel, aluminum, cement and fertilizer industries. And Brazil already has a footprint and big industrial base in most of these segments.
Brazil has the potential to produce SAF [sustainable aviation fuels], fertilizers and cheap hydrogen because of its energy fundamentals, considering its large solar and wind parks. That’s why we see major potential in Brazil.
BNamericas: How are the projects expected to be financed? In addition to BNDES, which other financial institutions can participate?
Delasalle: We’re working in partnership with the Glasgow Financial Alliance for Net Zero [GFANZ], which is a coalition of private financial institutions that gather major equity players, bankers and asset managers.
There are some key steps that we need to go through: the first is to improve the bankability of projects, alongside policies and value chain development. Once the bankability of the projects has been improved, we strongly believe there will be interest from private international financial institutions, to partner up with sources of concessionary capital such as BNDES, the World Bank and IADB. They have high interest in decarbonization as well.
One of the reasons why we’re coming to Brazil is the strength and ambition of the government through its ecological plan and the Nova Industria Brasil [program]. Those plans create strong foundations that we’re going to be able to build on. We'll be able to inform the government on how to improve those policies.
BNamericas: Which regions of Brazil are the focus of the partnership?
Delasalle: We'll work more with industrialized states, like São Paulo and Rio. But by investing in industrialized regions, we expect to scale up and benefit a broader group of states in the country.
What distinguishes ITA is that we’re really focusing on getting industrial projects to invest in the construction stage. To ensure we use everything at our disposal to make projects happen.
Subscribe to the leading business intelligence platform in Latin America with different tools for Providers, Contractors, Operators, Government, Legal, Financial and Insurance industries.
News in: Electric Power (Brazil)
![Why Brazil’s Quantum Participações is studying energy storage](https://cdn-www.bnamericas.com/img/sectors/electricpower_1.jpg)
Why Brazil’s Quantum Participações is studying energy storage
In this interview with BNamericas, Quantum's regulatory and institutional superintendent, Fábio Marques, describes the sector's challenges.
![Brazil roundup: Power consumption, generation update](https://cdn-www.bnamericas.com/img/sectors/electricpower_2.jpg)
Brazil roundup: Power consumption, generation update
BNamericas provides an overview of the latest sector figures.
Subscribe to Latin America’s most trusted business intelligence platform.
Other projects in: Electric Power (Brazil)
Get critical information about thousands of Electric Power projects in Latin America: what stages they're in, capex, related companies, contacts and more.
- Project: 500kV Miracema - Sapeaçu transmission line and associated substations
- Current stage:
- Updated:
1 week ago
- Project: Fótons de Santa Marta 10 Photovoltaic Plant
- Current stage:
- Updated:
1 week ago
- Project: Fótons de Santa Marta 09 Photovoltaic Plant
- Current stage:
- Updated:
1 week ago
- Project: Fótons de Santa Marta 08 Photovoltaic Plant
- Current stage:
- Updated:
1 week ago
- Project: Fótons de Santa Marta 07 Photovoltaic Plant
- Current stage:
- Updated:
1 week ago
- Project: Fótons de Santa Marta 06 Photovoltaic Plant
- Current stage:
- Updated:
1 week ago
- Project: Fótons de Santa Marta 05 Photovoltaic Plant
- Current stage:
- Updated:
1 week ago
- Project: Fótons de Santa Marta 04 Photovoltaic Plant
- Current stage:
- Updated:
1 week ago
- Project: Fótons de Santa Marta Photovoltaic Complex
- Current stage:
- Updated:
1 week ago
- Project: Fótons de Santa Marta 03 Photovoltaic Plant
- Current stage:
- Updated:
1 week ago
Other companies in: Electric Power (Brazil)
Get critical information about thousands of Electric Power companies in Latin America: their projects, contacts, shareholders, related news and more.
- Company: Artegra Energia Solar
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: Ecori Energia Solar Ltda.  (Ecori Energia Solar)
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: Consorcio GEL - Cosampa
- Company: Barreiras Holding S.A.
- Company: BN Engenharia e Infraestrutura LTDA.  (BN Engenharia)
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: Consórcio DMB  (Consorcio DMB)
- Company: Enerhydra Corp.