Nicaragua: Financing for Renewable Energy Announced

The government reported that the Inter-American Development Bank has approved a $20 million loan to finance renewable energy projects managed by small and medium enterprises.

Monday, May 7, 2018

Vice President Rosario Murillo told government media that "... the IDB gave no objection to Banco de la Producción  (Banpro) who will give loans to small and medium-sized renewable energy companies," this is reported by Iván Acosta, Minister of Finance, who in turn received the note from Francisco Mayorga who represents us at the IDB."

See "Central America: $ 1.2 billion in energy projects"

Elnuevodiario.com.ni reports that "... In 2017, renewable energy accounted for 54 percent of the country's total energy production, based on hydroelectric, geothermal, solar, biomass and wind, according to the Ministry of Energy and Mines.

"By 2020, Nicaragua intends to increase the percentage of renewable energies to 90 percent.

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More on this topic

El Salvador: $20 million for Energy efficiency

July 2018

The Inter-American Development Bank has granted a loan that will be used to finance energy efficiency projects for small and medium-sized companies.

The funds for this loan come from the Green Climate Fund (GCF) and will be executed by the Development Bank of El Salvador (BANDESAL).  The objective of the financing granted is to support the efforts being made by SMEs in El Salvador to reduce electricity consumption and limit greenhouse gas emissions, reported the Inter-American Development Bank (IDB). 

Honduras: Loan to Renovate Hydroelectric Station

March 2015

The Inter-American Development Bank has approved a $23 million loan to renovate the Canaveral - Rio Lindo hydro station and its connection to the national grid.

From a statement issued by the Inter-American Development Bank (IDB):

The Inter-American Development Bank (IDB) has approved a loan to Honduras for $23 million for the renovation of infrastructure for generation at the Canaveral - Rio Lindo hydro station; renovation of transmission assets that connect the station to the national grid; and improving operational and commercial efficiency of generation management of the National Electricity Company (ENEE).

Costa Rica: New Energy Loans for SMEs

April 2010

Bank BAC will offer funding for Small and Medium Enterprises interested in developing energy efficiency projects.

The banking institution signed a collaboration agreement with the Inter-American Investment Corporation (IIC). Under it, they will offer funding and technical assistance to small and medium enterprises to develop energy efficiency projects.

Nicaraguan Geothermal Project After IDB Funding

April 2010

Ram Power, developer of Geothermal Power Plant San Jacinto Tizate, asked the IDB for $40 million in funding.

The Inter-American Development Bank would loan $40 million for constructing the second phase of the plant, that would take the project’s total generation capacity to 72 MW.

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