International Finance Corporation (IFC) will fund Peru with US$25 million. The sum will help the country access climate finance, improve its environmental impact, and promote a greener financial sector and market sustainability. Finance in Motion's Eco-business Fund contributed US$15 million.
IFC's investment will allow Banco Interamericano de Finanzas (BanBif) to jump-start its green finance portfolio, including green building, energy efficiency, and climate-smart farming. The earnings will finance the bank's green construction portfolio and energy efficiency or climate-smart agribusiness.
IFC will provide performance-based incentives for green mortgages and construction loans to boost green housing adoption. The UK Department for Business, Energy, and Industrial Strategy's Market Accelerator for Green Construction (MAGC) program will support the incentives. MAGC encourages financial intermediaries to expand green building construction finance offerings in emerging nations.
Country updates
-
-
December 01, 2022
Financing secured for 500 kV Transmission project between Ecuador & Peru
The Inter-American Development Bank (IDB) has approved a US$125 million loan for a 500 kV power line that will help Ecuador and Peru connect their electrical grids.
Read more -
November 08, 2022
Acciona to design and construct Peruvian electric transmission projects
The Peruvian Private Investment Promotion Agency (Proinversión) of Peru has awarded Acciona the design, finance, construction, operation, and maintenance of two electric transmission projects t...
Read more -
August 17, 2022
ENGIE Energía secures multimillion financing for 296.4 MW Onshore Wind farm in Peru
ENGIE Energía has signed a US$300 million loan agreement with IDB Invest for the financing of the Punta Lomitas Wind Power Project located in Ica, Peru.
Read more -
May 20, 2022
NHOA to develop 30 MWh energy storage project in Cañete
NHOA has announced the award of a turn-key 30 MWh energy storage system for ENGIE Energía Perú in Chilca, Peru. The battery-based energy storage system will be installed in the 800MW Ch...
Read more -
May 11, 2022
Terna sells LatAm transmission portfolio to CDPQ
Terna S.p.A., Terna Plus S.r.l., and Terna Chile S.p.A. (collectively "Terna Group") have signed an agreement with Caisse de dépôt et placement du Québec (CDPQ) for the sale of 100...
Read more
