"The program, which will also provide refundable assistance, has $27.2 million available. Loans will pay a competitive interest rate of 7%", reports Laprensagrafica.com. "$500.000 will be the individual limit for environmental projects and $4 million for renewable energy ones".
The Banco de Desarrollo de El Salvador (Bandesal) has announced the availability of $10 to $15 million as part of a special credit line for small-scale renewable projects.
From a press release by the Banco de Desarrollo de El Salvador (Bandesal):
On Tuesday, October 22, in facilities of the Salvadoran Association of Industrialists (ASI) and in order to meet the financing needs for the development of projects for small-scale Renewable Energy generation, the Development Bank of El Salvador Bandesal in coordination with the National Energy Council (CNE) and ASI through the Unity Energy Facilitator with Renewable Resources (UFERR) presented to project developers the requirements and guarantees needed for financing projects which have sales contracts for long-term power.