$10 million for Solar Water Heaters Announced

In Panama a project is being developed that aims to promote the use of water heaters that use solar energy, through means of international and national financing.

Thursday, August 9, 2018

Local authorities reported that in order to carry out the project, the Global Environment Fund will contribute $1.9 million, and the Ministry of Environment, Panama Green Building Council, the Technological University of Panama, the UN and the General Bank will disburse another $8.1 million.

See also "Central America: $1.6 billion in energy projects"

The objective of the project is " ... to promote the investment and use of solar technology and to reduce the use of fossil fuels and electricity in water heating in hospitals, hotels, agro-industrial sites and residences."

Prensa.com reports that at a general level " ...The project foresees the development of a package of fiscal policies and measures, as well as financing facilities that will allow solar thermal technology to grow in the country. It also seeks to ensure quality control, both in terms of the equipment to be imported and its installation."

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IDB approves green facility for Banco General of Panama

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A $20 million non-sovereign guaranteed loan from the IDB will support Banco General, in growing a portfolio of green projects.

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