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Detail of GEF Project #975

GEF Project ID975
UNDP PMIS ID2042
Funding SourceGEF Trust Fund
Project NameAccelerating Renewable Energy Investments through CABEI in Central America
CountryRegional
RegionLatin America and Caribbean
Focal AreaClimate Change
Operational Program6
Pipeline Entry Date2001-01-16
PDF-B Approval Date2001-01-16
Approval Date2004-11-19
CEO Endorsement Date2007-04-30
GEF Agency Approval Date2007-05-16
Project StatusUnder Implementation
GEF AgencyUNDP
Executing AgencyCentral American Bank For Economic Integration (CABEI)
DescriptionThe overall objective of the project is to accelerate renewable energy investments through the Central American Bank for Economic Integration (CABEI). The project is a regional approach, involving Guatemala, El Salvador, Honduras, Nicaragua, Costa Rica, Panama and Belize which aims at reducing greenhouse gas emissions by promoting use of renewable energy systems for electricity generation in grid connected applications, thereby contributing to the economic development of Central America. The specific objective of this project is to remove financial barriers that currently impede the large-scale development of renewable energy projects in Central America. Barrier removal requires the following activities: 1. Integrate small-scale renewable energy lending strategies internally at CABEI; 2. Development of a pro-active small-scale renewable energy pipeline to be included in the lending portfolio of CABEI; 3. Development of appropriate risk mitigation mechanisms to increase the availability of investment capital for RE projects less than 10MW; and 4. Support market penetration through expanded financing opportunities.
Implementation StatusHonduras ARECA 2042 - CABEI is working on the detailed financial mechanisms necessary for CEO endorsement. A UNDP Project document will be submitted for CEO endorsement in the upcoming months.
PDF B Amount
100,000 USD
GEF Project Grant
6,920,000 USD
GEF Grant
7,020,000 USD
Cofinancing Total
82,670,000 USD
Project Cost
89,690,000 USD
GEF Agency Fees
600,000 USD
GEF Project (CEO Endo.)
6,920,000 USD
Cofinancing Total (CEO Endo.)
82,175,000 USD
Project Cost (CEO Endo.)
89,195,000 USD
Project Documents

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