HO-L1110 : Smartsolar Commercial Scale PV Development

Project Status
Approved

The objectives of the project are to install renewable energy system in the Honduran industrial sector, under an innovative financial structure that is scalable. The main barriers to commercial scale PV projects is that the individual projects are too small to be financed on a standalone basis and commercial debt finance is available for companies to make investments that are outside of their core business, such as renewable energy. However, by creating a portfolio of projects the IDB can offer the debt financing required by this industry that currently does not exist. The overall goal is to help the end user to mitigate climate change while reducing operating costs and increasing competitiveness; and doing all of this under a scalable and replicable financial structure.

PROJECT DETAIL

Project Number HO-L1110
Financial Information
Project Number HO-L1110
Project Status Approved
IDB Financing
Financing Type Private Sector Loan
Fund CPS
Reporting currency USD - United States Dollar
Reporting Date NOV 30, 2017
Roles & Responsibilities
Contract Signature Date
Financial Information
Project Number HO-L1110
Project Status Approved
IDB Financing
Financing Type Guarantee
Fund SCX
Reporting currency USD - United States Dollar
Reporting Date NOV 30, 2017
Roles & Responsibilities
Contract Signature Date
Financial Information
Project Number HO-L1110
Project Status Approved
IDB Financing
Financing Type Private Sector Loan
Fund Ordinary Capital
Reporting currency USD - United States Dollar
Reporting Date NOV 30, 2017
Roles & Responsibilities
Contract Signature Date
Country Honduras
Sector ENVIRONMENT AND NATURAL DISASTERS
Subsector ENVIRONMENT AND NATURAL DISASTERS-CLIMATE CHANGE FINANCING
Project Type Loan Operation

PROJECT INFORMATION

Total Cost H USD 3,800,000
Country Counterpart Financing USD 475,000
IDB Financing
Reporting currency USD - United States Dollar
Estimated Cofinancing(s) USD 3,325,000
PORTFOLIO DETAILS
Key Value
H Historical
R Revalued

*For active and closed projects, the IDB financing at Board approval is shown in US$ millions. This does not reflect any cancellations. For projects in Preparation the amount shown is the Estimated IDB Financing. Approved projects shows either Estimated IDB Financing or Historic Approved amount. The IDB financing for projects in the pipeline is indicative and may be modified during the project preparatio

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