RG-X1258 : Regional Energy Savings Insurance and risk management program

The objective of the proposed Regional Energy Savings Insurance program (R-ESI) is to promote private investments in energy saving measures by small and medium enterprises (SMEs) in five countries: Brazil, Colombia, El Salvador, Mexico, and Peru by addressing existing financial and non-financial barriers that prevent the adoption of energy efficiency (EE) measures, building a pipeline of bankable projects and creating an enabling environment and business models that stimulate market development for EE projects by private sector firms. The strategies developed as part of the program should also provide for the supply of adequate financing for this type of projects, as well as for relevant risk mitigation instruments that could help mitigate potential performance risks associated with energy efficiency investments. In this context, NDBs are expected to be supported in their engagement with first-tier financial institutions and insurance companies in order to ensure the access to long-term investment credit and develop and implement guarantee facilities and other dedicated risk transfer instruments