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.
Project Details
GEF Project ID
3005
Country
Regional
Implementing Agencies
Inter-American Development Bank
Approval FY
Status
Completed
Region
Regional
Executing Agencies
Econergy International Corporation (FMC)
GEF Period
GEF - 3
Project Type
Medium-size Project
Focal Areas
Funding Source
GEF Trust Fund
Financials
USDCo-financing Total
61,200,000
GEF Project Grant
995,000
GEF Agency Fees
89,550
Timeline
Received by GEF
Concept Approved
Project Approved for Implementation
Project Closed