IDB Sees Renewable Energy as Top Private Sector Energy Lending Focus

The Inter-American Development Bank expects investments in renewable sources to use up to 80 percent of its loans to private sector energy projects in Latin America and the Caribbean over the next three years. Such projects focus on wind, geothermal, biomass and hydroelectric sources.

“Several countries in the region want to diversify their energy sources and have changed their regulatory framework to attract more investments in clean energy,” said Hans Schulz, who leads IDB’s Structured and Corporate Finance Department, in a press release. “Investment in the region is on the rise.”

In 2009, the bank provided USD1.2 billion in financing to the private sector, a third of which went to renewable energy and energy efficiency projects in the region. 

About the author

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    Eliza Villarino

    Eliza Villarino is an associate editor for Devex and leads the company's news team in Manila. She played a critical role in conceptualizing the Development Newswire. Prior to joining Devex in 2004, she has already published articles and news briefs for Internet media organizations and for the Institute for Ethics and Economic Policy at Fordham University in New York. She earned her bachelor's in political science and master's in public affairs from the University of the Philippines. Eliza is a member of Mensa Philippines.