DREX: MAKING SOLAR ENERGY ACCESSIBLE FOR ALL
The project's primary objective is to increase SMEs' access to solar energy projects financed through a tech-enabled platform, promoting GEI emissions reduction. This platform aims to enhance efficiency and automate the administrative tasks associated with managing clean energy assets, all while ensuring transparency and preventing greenwashing through traceability technology, using real time energy data directly from the source.

Project Detail

Country

Ecuador

Project Number

EC-G1012

Approval Date

October 21, 2024

Project Status

Implementation

Project Type

Investment Grants

Sector

ENVIRONMENT AND NATURAL DISASTERS

Subsector

CLIMATE CHANGE MITIGATION POLICY

Lending Instrument

Instrumento del Fondo Multilateral de Inversiones

Lending Instrument Code

MIF

Modality

-

Facility Type

-

Environmental and Social Impact Category (ESIC)

-

Total Cost

USD 1,000,000.00

Country Counterpart Financing

USD 500,000.00

Original Amount Approved

USD 500,000.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
GRC/TC-21190-EC Non-Sovereign Guaranteed USD - United States Dollar Clean Technology Fund Contingent Grant Financing
Operation Number GRC/TC-21190-EC
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Clean Technology Fund
  • Financial Instrument: Contingent Grant Financing

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 Preparation Phase
https://www.iadb.org/document.cfm?id=EZIDB0000918-1353690814-4
Profile
IDEATE 2023-07-25 Public Summary 1279 EC-G1012.pdf
Aug. 17, 2023
Spanish

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