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)

Category FI: Operations in which funds are channeled through financial intermediaries that evaluate and monitor the subprojects they finance.

Total Cost

USD 1,500,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 1,500,000.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
GRT/TC-19129-CO Sovereign Guaranteed USD - United States Dollar Clean Technology Fund Grant
Operation Number GRT/TC-19129-CO
  • Lending Type: Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Clean Technology Fund
  • Financial Instrument: Grant