Commitment to Action

Million Investment in Latin America's Renewable Energy

Commitment by

InterEnergy

In 2013, InterEnergy committed to invest $100 million in equity and assist in additional fundraising for the development of large-scale wind farms and other renewable energy projects in Latin America and the Caribbean over a two year period. InterEnergy will participate in the construction of a 215MW wind generation project in Cocle, Panama, led by partner Union Eolico Panamena (UEP) and in partnership with the International Finance Corporation (IFC). The project is expected to be the largest wind power producer in the Central America and Caribbean regions, and will begin operation in the second half of 2015, reducing the reliance on fossil fuels and hydroelectric power. The project will also benefit the surrounding community with the establishment of a nutritional center to serve approximately 1,200 children. At the end of 2015, InterEnergy will look to participate in additional renewable energy generation projects in Latin America and the Caribbean.

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Overview
Summary

Commitment

Million Investment in Latin America's Renewable Energy

Launched

2013

Est. Duration

2 Years

Estimated Total Value

$100,000,000

Region

Latin America & Caribbean

Countries

PANAMA

Commitment by

InterEnergy

Partner(s) of the Commitment Maker(s)

Union Eolico Panameña, International Finance Corporation