Smartsolar Commercial Scale PV Development
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

Country

Honduras

Project Number

HO-L1110

Approval Date

December 10, 2015

Project Status

Implementation

Project Type

Guarantee

Sector

ENVIRONMENT AND NATURAL DISASTERS

Subsector

CLIMATE CHANGE FINANCING

Lending Instrument

BID Invest

Lending Instrument Code

IIC

Modality

PCG (Partial Credit Guarantee)

Facility Type

-

Environmental and Social Impact Category (ESIC)

-

Total Cost

USD 3,800,000.00

Country Counterpart Financing

USD 475,000.00

Original Amount Approved

USD 3,325,000.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
3626/CA-HO Non-Sovereign Guaranteed USD - United States Dollar Canadian Climate Fund for the Private Se Private Sector Financing
3626/SX-HO Non-Sovereign Guaranteed USD - United States Dollar Strategic Climate Fund Guarantee Financial Instrument
Operation Number 3626/CA-HO
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Canadian Climate Fund for the Private Se
  • Financial Instrument: Private Sector Financing
Operation Number 3626/SX-HO
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Strategic Climate Fund
  • Financial Instrument: Guarantee Financial Instrument

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 Preparation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-43522626-24588
Project Abstract
Project Abstract Smart Solar [39862910].PDF
Sep. 21, 2015
English

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