GoSolar Energy Efficiency (DFC-2021-GOSOLARENERGY)

  • Costa Rica
Where the impacts of the investment may be experienced.
Financial Institutions
  • US International Development Finance Corporation (DFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
GoSolar Energy Efficiency S.R.L.
The holder of the loan, grant, or other investment.
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Equity, Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 15.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 15.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 15.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ DFC website

Updated in EWS Mar 5, 2021

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Project Description

Portfolio of small scale residential and commercial solar energy projects, and the development and operation of a 5MW solar plant for the Costa Rican Institute of Energy.

The Project is expected to have a positive developmental impact on Costa Rica’s electrical power sector by expanding GoSolar’s existing distributed solar power generation business, including finance, installation, and operation of solar photovoltaic panels on credit to clients including residences and businesses. Solar power generation is extremely limited in Costa Rica despite excellent solar radiation availability, with solar accounting for an estimated 4 gigawatts (GWh) of more than 11,000 GWh of power generated annually in recent data from the International Energy Agency. The country relies heavily on hydropower which increases supply risks associated with drought. Energy supply diversification through distributed solar generation supports government efforts, which continue to define policies that support the segment’s growth. Solar generation assets under the Project will provide power directly to clients and to public grid infrastructure under evolving policies that permit private residences and businesses to self-supply solar electricity, send excess supply to the grid, and receive credit for future redemption for the excess supplied.

Investment Description

From the total investment amount, US$ 13.5 mi refers to a Proposed Insurance of US$ 13.5 mi.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - GoSolar Energy Efficiency S.R.L. Contractor Energy
LUZ VERDE COSTA RICA, LLC Subsidiary Energy owns WRB Serra Fund Undisclosed Energy

Contact Information


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