Kattan Group

Inmobiliaria Hondureña del Valle S.A. de C.V. (“INHDELVA”) is one of the main Duty-Free Zones in Honduras, it has a constructed area of approximately 146,300 m2 that mainly houses international companies engaged in light manufacturing, yarn and logistics among other activities. It has been in operation since 1989 and is contemplating investing in the extension of its industrial roof and the installation of solar panels for its own renewable energy consumption.  

IDB Invest is considering granting a long-term loan to finance the solar park installation, with a capacity of up to 6.48 MWp (8,374 MWh/year). A first loss guarantee is expected to be granted for this project under the SREP (Honduran Self-Supply Renewable Energy Guarantee Program) of up to $1.25 million as well as a possible mixed funding instrument.   

The proposed financing takes into consideration the following objectives: (i) To support one of the country’s main Duty-Free zones generate solar energy for the self-supply of its clients, thereby improving competitiveness as energy costs are a determining factor in the appeal of DFI to the textile and manufacturing sector; (ii) to reduce greenhouse gas (GHG) emissions by up to 5,182 Ton CO2/year; (iii) to contribute to an energy storage study with the use of batteries to avoid demand peaks; and (iv) the creation of jobs through the execution of the project, and transfer knowledge to the local market through technical assistance.