Innovasol – Facilitating Access to Green Energy
The objective of the project is to reduce greenhouse gas emissions associated with electricity generation and energy consumption. Its purpose is to expand the services of InnovaSol, an investment vehicle created to promote the use of photovoltaic renewable energies. InnovaSol's business model consists of leasing solar panels to private companies and organizations (eg. hospitals, educational centers, shopping centers, etc.) with long-term contracts, a solution that will allow these companies / organizations to access the benefits of solar energy use without the need to make an initial investment. InnovaSol offers to its clients commercial plans that mitigate the technological and operational risks associated with the adoption of solar panels. The project will contribute to the diversification and transformation of the energy matrix of the countries in which it operates, which not only has the potential to favor the environment, but also creates economic and social opportunities from the perspective of generating green jobs.

Project Detail

Country

Regional

Project Number

RG-L1166

Approval Date

December 15, 2022

Project Status

Cancelled

Project Type

Loan Operation

Sector

ENVIRONMENT AND NATURAL DISASTERS

Subsector

CLIMATE CHANGE FINANCING

Lending Instrument

Instrumento del Fondo Multilateral de Inversiones

Lending Instrument Code

MIF

Modality

-

Facility Type

-

Environmental Classification

-

Total Cost

USD 2,250,000.00

Country Counterpart Financing

USD 1,500,000.00

Original Amount Approved

USD 750,000.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
5724/MS-RG Non-Sovereign Guaranteed USD - United States Dollar MIF-Small Enterprise Investment Fund Private Sector Financing
Operation Number 5724/MS-RG
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: MIF-Small Enterprise Investment Fund
  • Financial Instrument: Private Sector Financing

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 Implementation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-1345576301-6
Donors Memorandum
RG-L1166 Resumen de proyecto.pdf
Feb. 22, 2023
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-1345576301-7
Donors Memorandum
RG-L1166 Project Summary.pdf
Feb. 22, 2023
English
 Preparation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-1345576301-5
Profile
IDEATE 2022-09-27 Public Summary 1185 RG-L1166.pdf
Nov. 04, 2022
English
https://www.iadb.org/document.cfm?id=EZSHARE-1549033933-5
Environmental and Social Review Summary
Innovasol_Resumen de la Revision Ambiental y Social (RRAS) _Final.docx
Nov. 04, 2022
English

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