Central America eyes €140m EIB pot
European funds to support renewables and energy efficiency on the isthmus
The European Investment Bank is developing plans to inject up to €140m into renewable energy projects in Central America.
The match funding could leverage €300m investment in new wind, hydropower, geothermal and photovoltaic capacity in Honduras, Nicaragua, El Salvador, Guatemala, Costa Rica and Panama.
The cash is being considered for a new Central America climate change fund which will also support energy efficiency projects on the isthmus. The money will be channelled through an intermediary, the Central America Bank for Economic Integration.
Projects hoping to benefit must help reduce carbon emissions while minimising negative environmental and social impacts.
Image: The European Investment Bank’s group headquarters in Luxembourg (EIB)