NDF - Financing for climate change and development projects

Financing through the IDB and NDF will support the largest rooftop PV system in Latin America

Photo: Martin Abegglen Creative Commons License
Roof top solar system

Photovoltaic solar panels to be installed on the roofs of a company in San Pedro Sula, Honduras

A USD 5 million loan from the Inter-American Development Bank (IDB) will enable Corporación Industrial del Norte, SA (Corinsa), to install photovoltaic solar panels on the roofs of its bottling plant buildings in San Pedro Sula, Honduras. The panels will produce 3 MW of zero-emission electricity as part of a project with an overall cost of USD 10 million.

The IDB loan to the Corinsa Group is part of the USD 50 million Energy Efficiency Finance Facility (EEFF). The EEFF was established by the IDB with support from the Nordic Development Fund (NDF) and is structured to both identify opportunities for companies to invest in clean energy projects, and finance their implementation. NDF helps reduce barriers to finance through an innovative guarantee program to support IDB financial offerings.

More Information:
IDB Press Release
Publication on Energy Efficiency Finance Facility