CABEI, EU, and Germany to Finance Studies for 'Aguas Calientes' Solar Photovoltaic Project, Which Will Serve 35,000 Hondurans

Published on: 29 September 2022
by KnowESG
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Through the tripartite Green MSMEs initiative, the Central American Bank for Economic Integration (CABEI), the Government of Germany (via KfW), and the European Union (via the Latin American Investment Facility (LAIF) will fund the preliminary studies, analysis, and design of plans for the implementation and assembly of the "Aguas Calientes" solar power plant in the department of Atlántida in Honduras to promote the development of renewable energy sources in the country.

The studies are the first step toward implementing the project, which may benefit 35,000 people and produce up to 2.5 MW of sustainable energy.

CABEI Executive President, Dr. Dante Mossi, said: 

"As the region's Green Bank, we are very pleased to promote this type of sustainable projects because they allow us to increase the country's electrical energy capacity in addition to promoting generation from renewable sources, generate jobs, create new development opportunities, and protect the environment, which is in line with CABEI's environmental sustainability strategy."

This Wednesday, the General Manager of Fotovoltaica Aguas Calientes, Mr. Fernando Godoy, and CABEI Executive President, Dr. Dante Mossi, signed a US$50,000 technical cooperation agreement.

KfW's Director for Central America, Alexander Ehlert, said: 

"This project is of great importance and will have a very relevant impact on the Atlántida area, as it will mitigate the environmental impact by sustainably increasing energy capacity."

Paolo Curradi, Head of Cooperation of the European Union, said: 

"The European Union has implemented legislative packages to achieve climate neutrality. Within these efforts, priority is given to supporting member countries, including Honduras, to achieve their climate action goals. In this regard, we are committed to supporting Honduras with initiatives to fight climate change, including the transition to clean energy."

The Green MSMEs II initiative's goal is to increase the availability of financing and technical support to small and medium-sized enterprises (SMEs) so that they can create and implement environmentally friendly policies and practices.

Regional disbursements under this tripartite facility have surpassed US$37.0 million as of June 30, 2022.

Source: CABEI

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