CABEI participates in a forum on the analysis of the energy market and renewables in the region
Looking ahead, there is an optimistic scenario for the region's electricity markets associated with expectations of economic activity revival in the region's countries in the short term.
Tegucigalpa, October 15, 2020.- The Central American Bank for Economic Integration (CABEI), participated in the webinar: Mexico and Central America Market Update: Power & Renewables organized by the Energy Industries Council (EIC) and the United Kingdom' s Department for International Trade.
The Bank's participation consisted in presenting a global vision of the Central American Integration System (SICA) region to investors from the United Kingdom, sharing the expectations of resuming the path of economic growth in this region for the year 2021 and the years to come, requiring the incorporation of more renewable energy in its electrical matrixes.
On this occasion, CABEI's Structuring Executive, Mario Fernando Cerna, highlighted the solutions that the Bank offers to its private sector clients through different forms of debt and technical assistance. Additionally, he explained the financial products in force and in process of being formed in view of the recent incorporation of the Republic of South Korea, such as: The Private Capital Fund and the Korean Trust for Cooperation in Technical Assistance.
It provided a precise description of the state of the electricity markets in the region in terms of both supply and demand, their historical upward trend, the predominance of renewable energy in their electricity matrixes, and the role that CABEI has played in financing these investments in sustainable energy plants. Looking ahead, an optimistic scenario was presented for the region's electricity markets associated with expectations of a reactivation of economic activities in the region's countries in the short term.
Finally, the opportunities offered by the different electricity markets in the region were reiterated, rewarding efficiency through competitive bidding and economic dispatch that favors renewable energy, the advantages of working with CABEI given the leadership of its partner South Korea in terms of batteries for energy storage with which they could have access to concessional rates, and inviting them to innovate their business models through investment in the SICA region.