Brazilian bank Itau Unibanco Holding SA has raised a record $408 million to invest in renewable energy. The investment is the largest ever made by Brazilian bank to invest in renewables in Latin America. Most of the $408 million comes from a loan from a 5-year loan from Bank of America, and from International Finance Corp, and international financing institution based in Washington D.C.
Brazilian bank raises over $400 million for renewables investment
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