Latin America. A total of US$50 million was approved to finance investments by companies wishing to participate in projects related to the efficient use of energy and renewable energy.
According to the newspaper América Economía, the Inter-American Development Bank (IDB) confirmed this economic approval which will be made through the Energy Efficiency Financing Facility for Latin America and the Caribbean.
Projects that include economic technologies such as smart grids, solar energy, biomass, advanced lighting, among others, will receive support.
"Amid growing energy demand in the region, we can help reduce consumption by investing in low-carbon technologies that are more financially viable," said Kelle Bevine, head of the Strategic Management Unit of the Bank's Structured and Corporate Finance Department.
