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 40 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
By the numbers
Latin America and the Caribbean could cut their electricity consumption by 10 percent over the next decade by adopting widely available energy-efficient technologies.
IDB will support a $3 million technical cooperation project to help the government of Haiti test different renewable energy solutions. May 23, 2013
2013 IDEAS energy innovation contest seeks proposals to promote innovative energy solutions in Latin America and the Caribbean. May 13, 2013
- Haiti. Institutional Transformation and Modernization Program of the Energy Sector III.
- Nicaragua. Program to Strengthen the Energy Sector in Nicaragua.
- Regional. Energy Innovation Center - Phase II. Feb 12, 2013
- Colombia. Market Study and Colombian Sustainble Energy Finance Program (C-SEF) Coordinatio. Feb 8, 2013
- Regional. Increasing Renewable Energy Markets with Knowledge and Capacity Building. Dec 19, 2012
- Guyana. Support to the preparation of Loan GY-L1038. Dec 17, 2012
- Your Source of Sustainable Energy (2:11)
- Making Sense of Ethanol (3:39)