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
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
CRIS REFERENCE
DCI-ALA/2015/369-370 and DCI-ALA/2014/353-626