Geothermal Development Facility Latin America
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.
- 350 MW additional capacity from geothermal energy by 2024
- 1.88 Million tCO2 e/yr fewer relative (net) greenhouse gas emissions
- 2.25M beneficiaries