Banco Davivienda El Salvador gets IDB Invest loan for green projects, SMEs

The Capella Solar PV park in El Salvador. Image by: Neoen El Salvador. Source: Twitter @NEOEN_SV

February 2 (Renewables Now) - Banco Davivienda Salvadoreno SA, one of the largest lenders in El Salvador, will receive a loan package of up to USD 100 million (EUR 83.1m) from IDB Invest to boost its capabilities to finance green projects and support small and medium-sized enterprises (SMEs) in the Central American country.

IDB Invest, a member of the Inter-American Development Bank (IDB) Group, said it is providing a one half of the total amount, while another USD-50-million was mobilised through co-financiers.

IDB Invest will also advise Banco Davivienda Salvadoreno on how to originate renewable energy and energy efficiency projects with a focus on photovoltaic (PV) plants.

Apart from supporting solar PV, Banco Davivienda Salvadoreno is also one of the financiers of the country’s first wind farm project.

(USD 1.0 = EUR 0.831)

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Sladjana has significant experience as a Spain-focused business news reporter and is now diving deeper into the global renewable energy industry. She is the person to seek if you need information about Latin American renewables and the Spanish market.

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