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Renewable energy financing in the pipeline for Guatemala

Bnamericas

IDB Invest is reviewing a request for a Guatemala sustainable bond to be issued by Banco de América Central (BAC).

The bond is part of a US$500mn bond program, with a first issue for US$140mn, of which IDB Invest may potentially subscribe around US$50mn, information from IDB’s private lending arm shows.

Proceeds will support renewable energy, energy efficiency, and clean transport projects, as well as water and waste management, among other areas.

In the case of renewables, beneficiaries would include developers of hydro and solar plants up to 10MW and 20MW, respectively.

The bond will have a term of up to five years, including a 24-month grace period.

IDB Invest’s board is due to consider the request in August.

In Guatemala, BAC is helping finance Ecoener Sol del Puerto’s 74MW Yolanda solar park.

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