Quick Facts

Countries:
Where the impacts of the investment may be experienced.
  • Honduras
Banks:
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • Netherlands Development Finance Company (FMO)
Status: Approved
Bank Risk Rating: B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Board Decision Date: 2016-12-01
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower or Client: GENERACION RENOVABLE DE HONDURAS S.A. DE C.V.
The holder of the loan, grant, or other investment.
Sectors:
The service or industry focus of the investment. A project can have several sectors.
  • Energy
Investment Type(s): Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD): $ 16.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.

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Primary Source

Original disclosure @ FMO website
Updated in EWS: 2017-08-15
GENERACION RENOVABLE DE HONDURAS S.A. DE C.V.
FMO-50161

Project Description
FROM THE FMO: WHO IS OUR CLIENT GeneraciĆ³n Renovable de Honduras, S.A. de C.V. (GENERSA) is an Honduran company that is developing, constructing and later operating a 25MW PV solar power project in Honduras. FUNDING OBJECTIVE FMO provides long-term finance to this solar power project and is MLA for all debt providers. WHY WE FUND THIS PROJECT The project will generate green energy to be distributed via the national grid to people's homes and businesses.
Investment Description
FMO provides long-term finance of up to USD 16 million to this solar power project and is MLA for all debt providers.
Contact Information
FMO The Netherlands +31 70 314 96 96 info@fmo.nl