in News Departments > FYI
print the content item

The European Investment Bank (EIB) has agreed to provide $230 million to support investment in hydropower, wind, geothermal and photovoltaic renewable energy projects across Central America.

The joint program with the Central American Bank for Economic Integration is expected to enable more than $500 million of investment in projects in six Central American countries: Honduras, Nicaragua, El Salvador, Guatemala, Costa Rica and Panama.

"Considerable investment is needed to harness the potential of renewable energy and more efficient energy use to reduce carbon emissions and provide energy essential for economic growth," says Magdalena Alvarez Arza, EIB vice president for lending in Latin America. "The European Investment Bank is committed to supporting long-term investment in sustainable energy around the world and enabling low-carbon energy investment in Central America. We have a strong track record of partnership with the Central American Bank for Economic Integration and look forward to continuing this cooperation to benefit investment in the region."

The EIB says the initiative will allow support for public and private sector investment in both renewable energy and energy efficiency projects. Eligible projects must comply with relevant environmental and social standards.

Mortenson Construction_id2024

Trachte Inc._id1770
Latest Top Stories

Yahoo Inks Contract To Buy Kansas Wind Power

The Internet company plans to log in to the Alexander wind project, which is being built by community developer OwnEnergy.


Could Initial Offshore Wind Projects Crash New England's REC Market?

Some are concerned that the first offshore wind projects could negatively impact pricing of renewable energy credits (RECs) in New England.


Catching Up With The DOE's Down-Select Offshore Winners

The three recipients of key U.S. Department of Energy (DOE) funding provide updates on their offshore wind demonstration projects.


Texas Comptroller Attacks Wind Power, And Industry Fights Back

Texas Comptroller Susan Combs recently released a report calling for an end to wind power subsidies. The Wind Coalition has responded, saying the report is riddled with misinformation.


How To Mitigate Blade Issues And Costly Downtime

Routinely inspecting your turbine's blades can help identify problems early on, ultimately cutting down unscheduled maintenance costs.

Renewable NRG_id1934
Canwea_id1984