Bright Distributed Generation Solar Projects
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

Country

Mexico

Project Number

ME-U0006

Approval Date

December 10, 2015

Project Status

Implementation

Project Type

Guarantee

Sector

ENERGY

Subsector

ENERGY EFFICIENCY AND RENEWABLE ENERGY IN END USE

Lending Instrument

BID Invest

Lending Instrument Code

IIC

Modality

-

Facility Type

-

Environmental Classification

-

Total Cost

USD 5,000,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 5,000,000.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
3633/TC-ME Non-Sovereign Guaranteed USD - United States Dollar Clean Technology Fund Guarantee Financial Instrument
Operation Number 3633/TC-ME
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Clean Technology Fund
  • Financial Instrument: Guarantee Financial Instrument