The Green Line Finance Partnership comprises a $75m from the IDB and $40m from Commerzbank.

The partners said Brazil's surging power demand is likely to see its energy matrix shift towards ahigher concentration of renewables.

“ThroughoutLatin America and the Caribbean, financial institutions fulfil an essentialrole in lifting green growth projects off the ground by facilitating theiraccess to financing options,” said Marcelo Paz, project lead for the IDB.