November 8 (Renewables Now) - The Central American Bank for Economic Integration (CABEI) and the Japanese Bank for International Cooperation (JBIC) signed a USD-100-million (EUR 87.3m) loan for the development of energy efficiency and renewable energy projects in Central America.
This loan, dubbed Green Facility Untied Loan II, is the second green facility extended to CABEI and it will contribute to the strengthening of green financing operations, including the achievement of generating clean energy and reducing carbon emissions, while supporting regional development and job creation, CABEI's Executive President, Nick Rischbieth, said.
The credit line is co-financed with other Japanese financial institutions such as Mizuho Bank Ltd, which acts as the main coordinator, Bank of Yokohama Ltd, Bank of Saga Ltd, Joyo Bank Ltd, Tsukuba Bank Ltd and Hachijuni Bank Ltd.
To date, CABEI and Japan have reached, including this new deal, 11 credit agreements for a total amount of USD 717.3 million, the bank noted.
(USD 1 = EUR 0.87)