EIB launches new Central American renewable energy lending initiative


Autore: QualEnergia.it – Il portale dell’energia sostenibile che analizza mercati e scenari

The European Investment Bank (EIB), Europe’s long-term lending institution, has agreed to provide USD 230 million backing to support investment in hydropower, wind, geothermal and photovoltaic renewable energy schemes across Central America.

The European Investment Bank (EIB), Europe’s long-term lending institution, has agreed to provide USD 230 million backing to support investment in hydropower, wind, geothermal and photovoltaic renewable energy schemes across Central America. The joint programme with the Central American Bank for Economic Integration will enable more than USD 500 million of investment in projects in six central American countries, Honduras, Nicaragua, El Salvador, Guatemala, Costa Rica and Panama.

“Considerable investment is needed to harness the potential of renewable energy and more efficient energy use to reduce carbon emissions and provide energy essential for economic growth. The European Investment Bank is committed to supporting long-term investment in sustainable energy around the world and enabling low-carbon energy investment in Central America. We have a strong track record of partnership with the Central American Bank for Economic Integration and look forward to continuing this cooperation to benefit investment in the region”, said European Investment Bank Vice President responsible for lending in Latin America Magdalena Álvarez Arza.

“As the principal source of multilateral funding in the region, and as the financial arm of the central american integration, we are most pleased with the expansion of our cooperation with EIB in the framework of our shared goal of promoting renewable energy and energy efficiency investments as drivers of sustainable and balanced growth in our beneficiary member countries”, said the Central American Bank for Economic Integration Executive President Dr. Nick Rischbieth.

The large-scale initiative will help reduce regional dependence on fossil fuel imports and diminish carbon emissions from energy production.  The new lending scheme will allow support for public and private sector investment in both renewable energy and energy efficiency projects. Eligible projects must comply with relevant environmental and social standards.

The new programme follows a similar initiative launched in 2011 between the European Investment Bank and the Central American Bank for Economic Integration. This successful scheme is supporting hydropower investment in Costa Rica.

Since the start of lending in Latin America the European Investment Bank has provided more than EUR 5.7 billion for long-term investment projects, including EUR 1.9 billion in the energy sector.

(Reprinted from materials provided by EIB)

 

2 thoughts on “EIB launches new Central American renewable energy lending initiative

  1. Buonasera! Chi di voi è bravo in inglese?? Dovrei fare un riassunto di questo articolo ma non ho capito molto pur traducendolo, qualcuno ce la fa per me?

    Wall Street ended a losing week with even more losses on Friday as stocks swung(oscillazione) lower in the last minutes of trading after flitting(volteggiamenti) between gains and losses all day. The decline came ahead of a three-day holiday weekend and as a divided House passed a $790 billion economic stimulus package on Friday afternoon.
    At the close, the Dow Jones industrial average was down 82.35 points, or 1 percent, at 7,850.41, while the broader Standard & Poor’s 500-stock index slid 8.35 points, or 1 percent, to 826.84. The Nasdaq composite index lost 7.35 points, or 0.5 percent, to 1,534.36.
    “I think people are concerned about what’s in the stimulus package,” said Bill Rhodes, chief investment strategist at Rhodes Analytics. “I think they’re concerned about how it’s going to play through.”
    All told, investors’ pessimism about the economy sent the S.& P. 500 sliding about 5 percent this week and brought the Dow to its lowest close since Nov. 20, when the broader stock market skidded(slittato) to its lowest levels in a decade.
    A decline in the shares of financial companies weighed on the broader market after Wells Fargo said late Thursday that its fourth-quarter losses were larger than initially reported, an indication that a brutal earnings season for financial institutions might not be over. Shares of Wells Fargo fell 6 percent. JPMorgan Chase, Citigroup and Bank of America also declined.
    Consumer confidence fell more than expected in February as Americans, already shaken by the deep downturn(ribasso), braced(rinforzato) for more job losses and further(ulteriore) economic decline, according to a Reuters/University of Michigan survey(indagine). Consumer confidence fell to 56.2 this month, from 61.2 in January, its weakest level since November.
    Friday’s trading capped a volatile week for investors, one that highlighted the continuing turmoil in financial markets as investors look to Washington for a way forward.
    After rallying in anticipation of the government’s latest plans to shore up the banking system, stocks fell sharply on Tuesday as the Treasury Department outlined a banking bailout whose price tag could reach $2.5 trillion. Investors said the plan was short on details and raised questions about how the government would set up a public-private partnership to buy the troubled assets that threaten to pull banks under.
    Crude oil prices for March rose $3.53, to $37.51 a barrel, in New York on Friday as traders snapped up contracts for near-term delivery. Tom Bentz, senior energy analyst at BNP Paribas, said the rise in prices narrowed a widening gap between the March and April oil contracts and did not reflect any major shifts in the supply or demand for oil.
    Stock prices rose Friday in Paris and Frankfurt but slipped slightly in London after the European Union reported that Europe’s economy shrank at its fastest pace in 13 years in the fourth quarter of 2008, more evidence of the breadth of the global downturn.
    As in the United States, central banks across Europe have slashed interest rates and poured money into ailing banks as they try to stabilize their economies.
    The Treasury’s benchmark 10-year note fell 30/32, to 98 23/32, and the yield, which moves in the opposite direction from the price, was at 2.89 percent, up from 2.79 percent late Thursday.

    Ve ne sarei davvero grato!
    Già mi piacerebbe..

    Cmq pensa che è il più corto che ho trovato su economia:))
    Per quelli che l’hanno tradotto: io non ho chiesto la traduzione!! Sapete leggere? Io ho chiesto li riassunto, il brano l’ho già tradotto! Comunque scusatemi non avrei dovuto farlo ma la tentazione è stata forte:)

    Grazie a tutti!

  2. salve ragazzi … e si.. .sto per fare gli esami di stato.. e sono un pò agitata… d’inglese porto “the european union” … in inglese naturalmente.. mi aiutate per favore!!!.. e se è possibile.. la traduzione anche!!!!!!!!!!!!!!!!!!! 10 pt…! aiuuuuutOOOO!

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