CABEI, the EU and the German government to finance studies to implement "Aguas Calientes" solar photovoltaic project that will benefit more than 35,000 Hondurans

Tegucigalpa, September 28th, 2022.- Promoting the development of renewable energy sources in the department of Atlántida in Honduras, the Central American Bank for Economic Integration (CABEI), with the support of the Government of Germany through KfW and the European Union through its Latin American Investment Facility (LAIF), through the tripartite Green MSMEs initiative, will finance the preliminary studies, analysis, and design of plans for the implementation and assembly of the "Aguas Calientes" solar photovoltaic project.

The studies are the preliminary step for the development of the project, which foresees the generation of up to 2.5 Megawatts (MW) of clean energy, in addition to positively impacting 35,000 people.

"As the region's Green Bank, we are very pleased to promote this type of sustainable projects because they allow us to increase the country's electrical energy capacity in addition to promoting generation from renewable sources, generate jobs, create new development opportunities and protect the environment, which is in line with CABEI's environmental sustainability strategy," said CABEI Executive President, Dr. Dante Mossi.

This Wednesday, CABEI's Executive President, Dr. Dante Mossi, and Mr. Fernando Godoy, General Manager of Fotovoltaica Aguas Calientes, signed a technical cooperation agreement for US$50,000.

During the event, KfW's Director for Central America, Alexander Ehlert, expressed his gratitude for the joint cooperation with CABEI and the European Union, and shared that "this project is of great importance and will have a very relevant impact on the Atlántida area, as it will mitigate the environmental impact by increasing energy capacity in a sustainable manner".

For his part, Paolo Curradi, Head of Cooperation of the European Union, said: "The European Union has implemented legislative packages to achieve climate neutrality. Within these efforts, priority is given to supporting member countries, including 

Honduras, to achieve their climate action goals. In this regard, we are committed to supporting Honduras with initiatives to fight climate change, including the transition to clean energy".

The objective of the Green MSMEs II initiative is to promote the financing of environmentally sustainable investments and innovative solutions, facilitating access to credit and technical assistance to enable the development and implementation of green initiatives.

Through this tripartite facility, as of June 30, 2022, more than US$37.0 million has been disbursed at the regional level.