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Aug 17, 2022 9:42 CESTBanco 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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