Funding for Renewable Energy in the Region

Countries may submit projects to the Inter-American Development Bank and the Japanase International Cooperation Agency in order to apply for funding.

Tuesday, February 18, 2014

From this week the International Cooperation Agency of Japan (JICA) and the Inter- American Development Bank (IDB ) will be looking at various opportunities to fund renewable energy and energy efficiency in the region. The countries concerned should present their projects to both entities in order to determine their viability and apply for funding.

According to JICA, "The country action plans to promote renewable energy will be presented by representatives of governments and agencies in Nicaragua, Jamaica, Guyana, the Dominican Republic, El Salvador, Guatemala, Honduras and Belize."

"The joint cofinancing framework agreement between JICA and the IDB has been established as a strategic alliance to join forces in the interest of IDB member countries and contribute to the mitigation of the negative effects of climate change."



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Costa Rica's state-owned power company has signed a $240 million loan with Japan to build the Borinquen I geothermal plant in Liberia, which could start operating in 2023.

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El Salvador Prefers Mini Hydro Stations

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