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ME-U0006 : Bright Distributed Generation Solar Projects

Project Status: Implementation

The object of the project is to install renewable energy systems in the Mexican residential sector, under an innovative financial structure that is scalable. One of the main barriers to residential scale PV projects is that the individual investments are too low to attract debt financing. 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 electricity costs for end users; all the while under a highly scalable and replicable financial structure.

Project Detail

Project Number

ME-U0006

Approval date

December 10, 2015

Project Country

Mexico

Project Sector

ENERGY

Project Subsector

ENERGY EFFICIENCY AND RENEWABLE ENERGY IN END USE

Project Type

Guarantee

Project Lending Type

NSG

Project Modality

Project Facility Type

Project Status

Implementation

Operation Number

3633/TC-ME

Financial Information

Project Number

ME-U0006

Project Status

Implementation

IDB Financing

Financing type

GUA

Fund

Clean Technology Fund

Reporting currency

USD - United States Dollar

Reporting date

Jul/18/2023

Roles & Responsibilities

Contract signature date

Mar/19/2020

Project Information

Total Cost

USD 5,000,000

Country counterpart financing

USD 0

Amount