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HO-L1110 : Smartsolar Commercial Scale PV Development

Project Status: Approved

The objectives of the project are to install renewable energy system in the Honduran industrial sector, under an innovative financial structure that is scalable. The main barriers to commercial scale PV projects is that the individual projects are too small to be financed on a standalone basis and commercial debt finance is available for companies to make investments that are outside of their core business, such as renewable energy. However, by creating a portfolio of projects the IDB can offer the debt financing required by this industry that currently does not exist. The overall goal is to help the end user to mitigate climate change while reducing operating costs and increasing competitiveness; and doing all of this under a scalable and replicable financial structure.

Project Detail

Project Number
HO-L1110
Project Country
Honduras
Project Sector
ENVIRONMENT AND NATURAL DISASTERS
Project Subsector
ENVIRONMENT AND NATURAL DISASTERS-CLIMATE CHANGE FINANCING
Project Type
Loan Operation
Project Status
Approved
Operation Number
3626/CA-HO

Financial Information

Project Number
HO-L1110
Project Status
Approved

IDB Financing

Financing type
Private Sector Loan
Fund
CPS
Reporting currency
USD - United States Dollar
Reporting date
Jan/31/18

Roles & Responsibilities

Operation Number
3626/SX-HO

Financial Information

Project Number
HO-L1110
Project Status
Approved

IDB Financing

Financing type
Guarantee
Fund
SCX
Reporting currency
USD - United States Dollar
Reporting date
Jan/31/18

Roles & Responsibilities

Operation Number
3626A/OC-HO

Financial Information

Project Number
HO-L1110
Project Status
Approved

IDB Financing

Financing type
Private Sector Loan
Fund
Ordinary Capital
Reporting currency
USD - United States Dollar
Reporting date
Jan/31/18

Roles & Responsibilities

Project Information

Total Cost
USD 3,800,000
Country counterpart financing
USD 475,000
Fund
Ordinary Capital
Amount
3,325,000

Preparation

Title
Type
Project Number
Date Published
Project Abstract
HO-L1110
September 18, 2015