IDB CLIMA: Energy Transition Support Program

The general objective is to support the decarbonization of the economy by accelerating the financing of just energy transition projects and strengthening the capacities and instruments of the Financiera de Dessarollo Nacional (FDN - a Colombian financial development institution) that will contribute to its eventual access to thematic green capital markets at the necessary scale. The specific objectives are to: (i) increase financing for both Non-Conventional Renewable Energy Sources (NCRES) projects in the National Interconnected System (NIS) and Non-Interconnected Zones (NIZ) as well as for the scaling up of enabling technologies for their deployment, in line with sectoral decarbonization goals; (ii) strengthen the FDN's technical capacities for the identification, design and portfolio management of climate projects; and (iii) improve the FDN's climate Monitoring, Reporting and Verification (MRV) capabilities to contribute to national climate reporting efforts and support eventual green debt issuance.

Project Detail

Country

Colombia

Project Number

CO-L1287

Approval Date

Project Status

Preparation

Project Type

Loan Operation

Sector

ENERGY

Subsector

ENERGY EFFICIENCY AND RENEWABLE ENERGY IN END USE

Lending Instrument

Préstamo de Inversión

Lending Instrument Code

INV

Modality

GCR (Global Credit Operation)

Facility Type

Environmental and Social Impact Category (ESIC)

Total Cost

USD 138,500,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 138,500,000.00

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Preparation Phase

https://www.iadb.org/document.cfm?id=EZIDB0000177-1482088299-39

Project Profile

CO-L1287 - PP Aprobado.pdf

Apr. 01, 2024

Spanish

https://www.iadb.org/document.cfm?id=EZIDB0000177-1121019510-8

Public Consultation Report - Preparation

Evaluacion del Sistema de Gestion Ambiental y Social de la Financiera de Desarrollo Nacional FDN.pdf

Oct. 10, 2024

Spanish

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