Home > News > Latin America Clean Energy Services Fund
Latin America Clean Energy Services Fund
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Latin America Clean Energy Services Fund |
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Active |
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Funding Mechanism |
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Equity Fund |
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Duration |
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Objectives |
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The fund will make equity or quasi-equity investments in small innovative companies that use energy-efficient measures or renewable energy for generating power. |
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Sponsors |
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FondElec Group |
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Eligible Sectors |
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Eligible Projects/Technologies |
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Fund Endowment |
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MIF -- $US 10 mm in equity, TEPCO – US$ 10 mm, Sumitomo – US$6 mm |
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Terms |
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-Funding Instruments |
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-Interest Rates |
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-Payback |
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-Size |
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-Collateral |
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-Share of loan in project cost |
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-Loan criteria |
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Comments |
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“MIF will have a key role in structuring the fund in accordance with its environmental and sustainable development objectives. Initially, the fund will pursue direct investments in energy-service companies that bundle together small- and medium-sized projects focused on improving the efficiency of production, distribution and consumption of electricity or thermal energy. Subsequently, through performance contracts and other financial instruments, these energy-service companies will aim at assisting other enterprises to reduce their energy consumption.” |
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Sources |
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Inter-American Development Bank |
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Contact Information |
George Sorenson, Chairman, FE Clean Energy Group
(203) 662-9293 gsorenson@fecleanenergy.com |
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