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IDB Approves $30 Million Loan for Latin America Renewable Development

By Michael Harris, Online Editor, HydroWorld
January 23, 2012 | Post Your Comment

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WASHINGTON, D.C. -- A $30 million loan to the Emerging Energy Latin America Fund II from the Inter-American Development Bank will help boost clean technologies and renewable energies, an IDB release says.

The eventual size of the fund is targeted at $150 million and will be used to invest in renewable energy projects and the utility companies that use them. It is a successor to a previous $25.2 million CleanTech Fund, which had a similar focus and was supported by the IDB Multilateral Investment Fund (MIF).

The fund will be managed by Connecticut-based Emerging Energy and Environment LLC (EEE), which specializes in clean energy investments and consulting.

PennWell's Hydro Group publishes Hydro Review and HRW-Hydro Review Worldwide. Hydro Review, the magazine of the North American hydro industry, offers practical, useful information, helpful examples, and constructive guidance from experts. Each issue has an average readership of more than 50,000. HRW's mission is to share practical, technical information and expertise on hydroelectric power to the international hydro community. The magazine has circulation of more than 10,000.

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