Energy in Latin America and the Caribbean
Latin America and the Caribbean are rich in energy resources including hydrocarbons, hydroelectricity and biofuels. But this wealth is unevenly distributed. Approximately 34 million people lack access to modern electricity services, and fuel imports consume a growing percentage of smaller countries’ budgets.
The IDB helps member countries expand the coverage and quality of energy services such as electricity and natural gas. The Bank also and finances programs to improve energy efficiency, foster cross-border energy integration, and diversify the energy matrix by sustainably exploiting renewable and non-renewable energy sources.
We finance large-scale wind farms, solar power systems for rural areas, biofuel facilities that co-generate electricity and programs to promote efficient lighting. We are also helping to retrofit hydroelectric facilities with more efficient turbines and ensuring that new dams and natural gas projects meet strict social and environmental standards.
Areas of action
IDB and Clean Technology Fund close $125 million financing for a warehouse line and green bond for energy efficiency projects in Mexico. May 19, 2015
The IDB approves financing for the Colonia Arias and Valentines wind power projects in Uruguay. May 7, 2015
- Ecuador. Preparation of the National Energy Agenda.
- Ecuador. Strengthening the national system of electrical distribution Program - II.
- Ecuador. Support Implementation of Initiative to use Solid Waste Electricity Generation.
- Chile. Support to Chile's Energy Policy Agenda. May 21, 2015
- Barbados. Continuation of Support (SEFB) and Development of New Technologies: SG & RE. May 1, 2015
- Regional. Support for Cofinancing for Renewable Energy and Energy Efficiency (CORE). Apr 30, 2015