Towards Energy Savings Insurance (ESI) for Private Energy Efficiency Investments by Small and Medium-Sized Enterprises (SMEs)
The main objective of this technical cooperation is to support the design of the operation ES-L1132 by addressing technical and informational barriers and other real or perceived risks that have prevented the supply of and the demand for financing for EE investment projects. In particular, it will support the design of: (i) specific operational instruments, mechanisms and systems that would not only make viable the implementation of the financing strategy for energy efficiency projects for El Salvador's firms , but would also reassure relevant market players that the risks that they are assuming are acceptable; (ii) specific risk transfer instruments that could encourage the participation of key market players (e.g. Industry associations and firms, energy efficiency service providers, technology providers, local financial intermediaries, insurance companies, etc.) in the program; (iii) methodological approaches and protocols to monitor and validate results / benefits of the financing line (i.e. reduction of energy use and GHG emission reductions); and (iv) technical support on EE to BANDESAL for the detailed design of the financing strategy, the coordination of relevant stakeholders and the dissemination and promotion of the program.

Project Detail

Country

El Salvador

Project Number

ES-T1258

Approval Date

July 27, 2018

Project Status

Cancelled

Project Type

Technical Cooperation

Sector

FINANCIAL MARKETS

Subsector

FINANCING FOR ENVIRONMENTAL SUSTAINABILITY

Lending Instrument

-

Lending Instrument Code

-

Modality

-

Facility Type

-

Environmental and Social Impact Category (ESIC)

Category C: Likely to cause minimal or no negative environmental and associated social impacts

Total Cost

USD 1,924,000.00

Country Counterpart Financing

USD 224,000.00

Original Amount Approved

USD 1,700,000.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
ATN/GN-16842-ES Sovereign Guaranteed USD - United States Dollar Green Climate Fund Nonreimbursable
Operation Number ATN/GN-16842-ES
  • Lending Type: Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Green Climate Fund
  • Financial Instrument: Nonreimbursable