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The objective of the IDB CleanTech Fund, which the proposed GEF component will complement, is to make equity or quasi-equity investments in small- to medium-size enterprises (SMEs) that implement renewable energy power production projects that reduce the use of fossil fuel use in the Latin American and Caribbean region.
Financial mechanism
GEF
Date of approval
Status
Completed
Managing organisations
Econergy International Corporation (FMC)
Implementing organisations
IADB
Project ID
3005
GEF project type
Medium size
GEF project phase
GEF - 3
GEF Cofinancing
$61.200.000
GEF project grant
$995.000
Executing Agencies
Econergy International Corporation (FMC)