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Energy

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Energy is crucial for the development of people and countries in Latin America and the Caribbean (LAC).

Energy not only makes it possible to illuminate our homes, take a hot shower, and preserve food; but it is also vital for the economy since it powers industry, commerce, and transportation. Energy is key for practically all activities in today's society such as science, education, and healthcare. Thanks to technology, the use of electricity will steadily increase, replacing fossil fuels. Although this may seem like good news, the generation of electrical energy can have negative effects on the environment if it is not done sustainably.

 

Solar panels installation

Challenges and Opportunities

LAC’s electrical network is relatively environmentally friendly thanks to a high level of hydroelectric power production. However, as climate change affects rainfall and reduces supply, countries may become more dependent on fossil fuels and their economies more vulnerable to price fluctuations.

To diversify their energy, alternative sources must be incorporated such as wind and solar, but also other backup sources such as geothermal energy and natural gas. Given their greater volatility and intermittency, renewable energy sources have to rely on better transmission networks and storage solutions such as batteries, thereby ensuring supply and adapting to the increase in demand. This transition and diversification process requires significant innovation and investment.

 

Our Strategy

We seek to develop clean and sustainable energy on a large scale.

We work with experienced energy project sponsors to accelerate the transition from fossil fuels to renewable energy. We not only invest in energy production but also in solid support systems through modern distribution networks and storage capacity while promoting and keeping track of energy efficient technologies.

Energy workers

Our Commitment

To achieve the goals that Latin American and Caribbean (LAC) countries have set for renewable energy, investment must be dramatically increased. Although it is the private sector that drives the market, governments create the legal frameworks that reduce risks, foster competition, and promote technology. The IDB Group works with the public and private sectors to create the right environment and improve the financing that LAC needs.

We allocate our own capital and mobilize external resources. We offer financial products that are adapted to the needs of our clients and the markets in which they operate to reduce risks. We provide support in taking advantage of capital markets to improve long-term investment.  We incorporate gender programs so that more women enter the energy sector; and we offer climate change mitigation and adaptation solutions for our clients and their projects.

We not only ensure the financial viability of each project but also the long-term social and economic impact. We consider environmental and social aspects, gender equality, climate change, and corporate governance.

Latest Projects Latest projects

UTE Cidade do Livro
USINA TERMELETRICA LENCOIS PAULISTA SPES.A.
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Brazil

Financing amount

$ 34,958,200

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End-Users Stabilization Tariffs 2022
Engie
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Chile

Financing amount

$ 180,000,000

More Information
CEPM Green Projects
Consorcio Energetico Punta Cana Macao
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Dominican Republic

Financing amount

$ 42,000,000

More Information
Cálidda Receivables Facility
GAS NATURAL DE LIMA Y CALLAO S.A.
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Peru

Financing amount

$ 50,000,000

More Information
Arteche Energy & Transmission Supply Chain Fin...
Arteche Lantegi Elkartea, S.A.
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Regional

Financing amount

$ 20,000,000

More Information
Punta Lomitas Wind Farm
ENGIE Energia Peru S.A.
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Peru

Financing amount

N/A

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La Mata
La Mata, S.A.S. E.S.P
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Colombia

Financing amount

$ 30,000,000

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La Union
La Unión, S.A.S. E.S.P
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Colombia

Financing amount

$ 35,000,000

More Information
Mendubim Solar PV Power Project
Mendubim Solar SPV
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Brazil

Financing amount

$ 245,000,000

More Information
Belize Electricity Limited Corporate Loan
Belize Electricity Limited
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Belize

Financing amount

$ 30,000,000

More Information
See more projects

Blogs and News

News

28 Mar 2023

IDB Invest Fosters Sustainable Growth in The Bahamas by Promoting Renewable Energy

Groundbreaking for Lucayas solar plant in Bahamas

Blog

19 Jan 2023

Honduras, Where Low-Emission Manufacturing is Made Possible

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News

29 Mar 2023

IDB Invest Promotes 100% Renewable Energy to Help Mitigate Climate Change in Brazil

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Blog

22 Nov 2022

Green Hydrogen Is Picking Up Speed in Latin America and the Caribbean

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Read our blog

Publicaciones

  • May 2022

    How can the Private Sector Promote Energy Efficiency? A Review of Lessons Learned and Evidence from Latin America and the Caribbean

    See more information
  • May 2022

    Developing the Solar Market in Uruguay - Case Study

    See more information
  • July 2018

    Renewable Energies in Latin America and the Caribbean: Honduras Solar Energy

    See more information
  • September 2018

    Factsheet: Óptima Energía. Shining a light on gender equality

    See more information
Fernando

Cubillos

Energy Team Leader
About
Meet Our Expert:

Fernando leads the Energy team at IDB Invest, which he joined in 2017. He is responsible for developing strategies, business plans, client management, and transaction structuring for the Energy sector in Latin America and the Caribbean.

Before joining the IDB Group, Fernando was Managing Partner of Antuko, a firm specialized in Energy in Chile and Mexico, where he led innovative commercialization structures for renewable energies.

Previously, he led the Environmental Markets practice for Latin America at J.P. Morgan. He has more than twenty-five years of experience in energy markets, with an emphasis on financing energy projects and climate change.

Fernando has a Master of Business Administration (MBA) from the University of Maryland (USA), as well as a degree and a bachelor's degree in Industrial Civil Engineering and Electricity from the Pontificia Universidad Católica de Chile.

Contact: fernandocub@idbinvest.org
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