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CH-M1047 : Renovarum Renewable Energy Fund

Project Status: Closed

The fund will invest in small hydro plants, and will bring about considerable social and environmental benefits. It will provide the much needed capital to develop small scale hydro projects that currently remain underdeveloped. Renovarum Fund will help Chile meet its goal of promoting energy generation from alternative renewable sources, and of combating climate change by increasing its renewable energy capacity. It will invest in greenfield projects, which if successful, will contribute to an increase of 128% of the renewable energy capacity of Chile, and to the development of a new model of VC/PE in the country.

Project Detail

Project Number

CH-M1047

Project Country

Chile

Project Sector

ENERGY

Project Subsector

ENERGY

Project Type

Technical Cooperation

Project Lending Type

NSG

Project Modality

Project Facility Type

Environmental and social impact category

B13

Project Status

Closed

Operation Number

ATN/ME-12885-CH

Financial Information

Project Number

CH-M1047

Project Status

Closed

IDB Financing

Financing type

TCN

Fund

Multilateral Investment Fund II (MIF) -

Reporting currency

USD - United States Dollar

Reporting date

Jun/30/2023

Roles & Responsibilities

Contract signature date

Aug/31/2011

Project Information

Total Cost

USD 370,000

Country counterpart financing

USD 0

Amount