- Press Releases
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)