Banco Davivienda El Salvador gets IDB Invest loan for green projects, SMEs

Banco Davivienda Salvadoreno SA, one of the largest lenders in El Salvador, will receive a loan package of up to USD 100 million (EUR 83.1m) from IDB Invest to boost its capabilities to finance green projects and support small and medium-sized enterprises (SMEs) in the Central American country.

IDB Invest, a member of the Inter-American Development Bank (IDB) Group, said it is providing a one half of the total amount, while another USD-50-million was mobilised through co-financiers.

IDB Invest will also advise Banco Davivienda Salvadoreno on how to originate renewable energy and energy efficiency projects with a focus on photovoltaic (PV) plants.

Apart from supporting solar PV, Banco Davivienda Salvadoreno is also one of the financiers of the country’s first wind farm project.

(USD 1.0 = EUR 0.831)

Choose your newsletter by Renewables Now. Join for free!