Brazil Aims for $10 Billion in Eco Invest Auction Targeting Foreign Investors
Brazil plans to raise 50 billion reais ($9.92 billion) through its Eco Invest auction to develop sustainable technologies. The auction, the last under the current administration, aims to attract foreign capital with a focus on six strategic sectors.
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Brazil's Eco Invest program will hold its fifth auction, expected to bring in 50 billion reais ($9.92 billion), with a focus on attracting foreign investment. The initiative will channel funds into green fertilizers, battery systems, sustainable fuels, automation and AI, green chemistry, and circular use of waste.
Six innovation funds will be established, each capitalized with 1.5 billion reais, allowing private contributions up to twice that amount. Bids must incorporate 15%-45% foreign capital and will remain open until July.
At least 0.5% of mobilized resources will support research and entrepreneurship. If projects exceed expectations, additional gains could benefit the Treasury.
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