Visit windpowermonthlyevents.com for the latest on our upcoming conferences and webcasts

Creating a market in Latin America -- Fund for village scale power

The Hemispheric Sustainable Energy Fund to help pay for the selection and preparation of sustainable energy projects throughout Latin America and the Caribbean has been created by the US Department of Energy (DOE) and the Inter-American Development Bank (IDB). The aim is to draw private financing to projects that would otherwise never get beyond the idea stage.

A fund to help pay for the selection and preparation of sustainable energy projects throughout Latin America and the Caribbean has been created by the US Department of Energy (DOE) and the Inter-American Development Bank (IDB). The aim is to draw private financing to projects that would otherwise never get beyond the idea stage.

The Hemispheric Sustainable Energy Fund (HSEF) launches with a $1.25 million pool that regional countries would add to so as to create a multi million dollar "family of funds." Wind is part of the program along with solar, biomass and energy efficiency.

Projects would probably be small scale, says the DOE's Jayne Brady, as the fund will focus on encouraging local ownership and community based development. In the generation sector this will be village scale. Furthermore, larger projects tend to belong to companies that are well funded and therefore have no need for the financing, she adds.

The fund will finance preparation of feasibility studies, market analysis, financing mechanisms and project appraisals for sustainable energy, renewables and clean energy technologies. "This fund is an important tool to help develop and evaluate clean energy projects," said former US Energy Secretary Bill Richardson.

Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Sign up now
Already registered?
Sign in

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus

Windpower Monthly Events

Latest Jobs