$500m Central America RE boost

The EIB wants to help kick-start more wind projects like this one in Honduras

The EIB wants to help kick-start more wind projects like this one in Honduras

The European Investment Bank (EIB) has lined up $230m in funding for renewables across Central America, joining the Central American Bank for Economic Integration in a new programme to help decarbonise the region’s power sector.

All told, the programme will enable some $500m of investment into wind, PV, hydropower and geothermal projects, as well as energy-efficiency schemes, in six countries – Honduras, Nicaragua, El Salvador, Guatemala, Costa Rica and Panama.

Despite the immense promise held by renewables in Central America, the region’s wind and solar markets remain at a nascent stage. Nicaragua, a regional leader in relative terms, saw a 44MW Globeleq-backed wind project commissioned this spring.

In a landmark decision last month, the EIB announced it will implement new lending criteria that will Log in to read complete article.

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