Geothermal Development Facility Latin America

Sustainable energy
-Regional Latin America-
COUNTRIES
-Regional Latin America-, Bolivia, Chile, Colombia, Ecuador, El Salvador, Honduras, Nicaragua, Peru
DATES
17/12/2015 - 16/12/2026
TOTAL BUDGET
€ 1 094 000 000
TOTAL LAIF CONTRIBUTION
€ 20 500 000
SECTOR
Sustainable energy
TYPES OF SUPPORT
Investment Grants
Technical Assistance
PROJECT FICHE:
DESCRIPTION

The Geothermal Development Facility for Latin America aims at overcoming existing barriers to the development of geothermal energy by providing: (i) a tailored Geothermal Risk Mitigation Fund in order to diminish geothermal resource risk during the exploratory drilling stage of the project; (ii) geothermal investment financing windows to deliver anchor financing for subsequent investments during the production drilling and construction stages; and (iii) a Technical Assistance Forum to offer a suitable venue for policy dialogue between donors and partner governments.

RESULTS
  • 350 MW additional capacity from geothermal energy by 2024
  • 1.88 Million tCO2 e/yr fewer relative (net) greenhouse gas emissions 
  • 2.25M beneficiaries
LEAD FINANCING PARTNER
CO-FINANCING PARTNERS
CONTRIBUTION TO SUSTAINABLE DEVELOPMENT GOALS