News

IDB to Fund Energy Efficiency Investments in Central America

IDB3 October 2011: The Inter-American Development Bank (IDB) is partnering with the Nordic Development Fund (NDF) to launch a programme for companies in Central America to adopt clean technologies and improve their energy efficiency.

The 1.5 million Euro investment programme will provide grants to companies in Costa Rica, El Salvador, Guatemala, Honduras and Nicaragua to finance energy audits and clean-energy feasibility studies that will allow them to identify 'green' investment opportunities. The programme is expected to generate more than US$15 million in energy efficiency improvements over the next two years, and over two million metric tons of greenhouse gas (GHG) emission reductions.

Among activities to be funded by the programme are better insulated buildings, efficient appliances and lightning, as well as on-site, self supply renewable energy projects for clients such as airports, hotels, municipalities, utilities, schools, agricultural processors, and renewable energy plants. [IDB Press Release]