Financing to Support Colombia’s Energy Transition

Climate Technology Fund (CTF) resources will be used to finance battery storage projects under investment loan CO-L1258, allowing Bancóldex to improve project developers' financial conditions and promote development of this technology in the country. Specifically, CTF resources will support Bancóldex to reduce financing costs (lower interests and longer tenor), making it more attractive for battery storage project developers.

Project Detail

Country

Colombia

Project Number

CO-G1044

Approval Date

December 17, 2021

Project Status

Cancelled

Project Type

Investment Grants

Sector

ENERGY

Subsector

LOW-CARBON ENERGY TECHNOLOGIES

Lending Instrument

Lending Instrument Code

Modality

Facility Type

Environmental and Social Impact Category (ESIC)

Total Cost

USD 1,500,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 1,500,000.00