According to the bank, IDB Invest is considering granting a long-term loan to finance the solar park installation, with a capacity of up to 6.48 MWp (8,374 MWh/year). A first loss guarantee is expected to be granted for this project under the SREP (Honduran Self-Supply Renewable Energy Guarantee Program) of up to $1.25 million as well as a possible mixed funding instrument.
The proposed financing takes into consideration the following objectives: (i) To support one of the country's main Duty-Free zones generate solar energy for the self-supply of its clients, thereby improving competitiveness as energy costs are a determining factor in the appeal of DFI to the textile and manufacturing sector; (ii) to reduce greenhouse gas (GHG) emissions by up to 5,182 Ton CO2/year; (iii) to contribute to an energy storage study with the use of batteries to avoid demand peaks; and (iv) the creation of jobs through the execution of the project, and transfer knowledge to the local market through technical assistance.
Chief, Executive Officer
Telephone: (+504) 2617-0050
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For Project inquiries, including questions on environmental and social issues related to IDB Invest investments, please contact the Client or IDB Invest using the contact information provided above.
As a last resort, communities affected by the Project have access to IDB Invest's Independent Consultation and Investigation Mechanism (http://www.iic.org/en/who-we-are/integrity-and-transparency).
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