Supported Projects

To date the facility has provided support to twelve investment evaluations for projects located in South and Central America, the Caribbean, East Africa, Eastern Europe and the South Pacific. The technologies involved include wind farms, a geothermal plant, a small hydro plant, a district heating system, a sustainable forestry plantation and a coffee processing waste utilisation project. The type of advisory support provided includes:

• for a geothermal power plant in Vanuatu, support the completion of a pre-exploration feasibility which would replace diesel fuel as the principal source of energy,
  
  
• for a salt mine investment in Tanzania, evaluate a possible sustainable forestry plantation adjacent to the mine which would supply wood for salt drying,
  
  
• for a wind farm investment in Jamaica, investigate whether emission reduction credits can be valued, certified and sold to create the additional revenue stream required for project viability,
  
  
• for a small hydro 'peaking' plant in Guatemala, provide a third party technical assessment to resolve outstanding design issues between bank and developer,
  
  
• assist a bank in evaluating two potential cogeneration investments as part of a proposed carbon offsets investment fund. The first involves a coffee waste recovery process in Costa Rica, and the second a district heating plant upgrade, in Slovak Republic,
  
  
• for a wind farm investment in Argentina, conduct a third party review of wind resource data and plant technical design,
  
  
• for a biogas plant in the Philippines, investigate whether emission reduction credits can be valued, certified and sold to create the additional revenue stream required for project viability,
  
  
• for a proposed energy investment fund in Latin America, conduct market sizing for fund pipeline development,
  
  
• for a wind farm investment in Ghana, prepare the environmental impact assessment,
  
  
• for a proposed clean energy fund in Nepal, support the preparation of legal documentation; the approvals process; and fund capitalisation efforts.

 

Bank / Financier	Investment Description	Expertise Provided	Support Provided	Investment Size
Inter-American Investment Corporation	20MW Small hydro peaking plant in Guatemala.	Third party review of engineering design	$25,000	$36,700,000
Dutch and German Dev. banks (FMO, DEG)	Sustainable forestry plantation adjacent to a salt mine in Tanzania. Wood required for salt drying.	Evaluation of plantation investment, as part of mine refinancing	$26,000	$1,200,000
RES Ltd. and Petroleum Corporation of Jamaica	20MW Wind farm in Jamaica	Carbon valuation and sale	$38,115	$25,500,000
European commercial bank	Biomass coffee waste cogen plant in Costa Rica	Project feasibility for carbon investment fund development	$34,000 incl. in-house CDM support	$10,000,000
European commercial bank	District heating cogen plant in Slovak Republic	Project feasibility for carbon investment fund development	$38,000 incl. in-house JI support	$3,500,000
International Finance Corporation and Pacific Hydro	5 MW Geothermal power plant in Vanuatu	Feasibility study completion + third party review for government negotiations	$37,000	$14,700,000
International Finance Corporation and two commercial investors	50MW Merchant power wind farm in Argentina	Third party review of wind resource data and wind plant design	$50,000	$68,000,000
PhilBIO	3 MW biogas plant in Philippines	Carbon valuation and sale	$13,115	$3,400,000
NewEn GmbH and German Dev. Bank (DEG)	20 MW Wind farm in Ghana	Support for completion of power purchase agreement	$30,000	$24,000,000
Inter-American Development Bank (MIF) and FondElec	Latin American energy services fund (renewable energy and energy efficiency ESCOs)	Market sizing for fund pipeline development	$25,000	$50,000,000