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Honduras Renewable Energy Financing Facility Fund (H-REFF Fund)

The Honduras Renewable Energy Financing Facility (H-REFF) is a venture capital fund that invests in clean energy and energy efficiency projects and companies. The fund targets small and medium sized projects and companies in Central America. H-REFF seeks investment opportunities in small and medium sized projects and companies in Central America and offers risk capital to help leverage bank debt. H-REFF does not offer senior term loans (like commercial and development banks do), but rather it participates in the project companies' equity side through mezzanine and pure equity investments. An important portion of H-REFF's capital comes from the Scaling-up Renewable Energy in Low Income Countries Program (SREP), of the Climate Investment Funds (managed by the Inter-American Development Bank, IDB). These funds are exclusively directed towards financing projects in Honduras. H-REFF also has capital from other investors that allows it to finance projects elsewhere in Central America.

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Specifications

Program website

http://www.h-reff.com/

Type

Investor

Geographical Scope

Central America
Honduras

Type of Cap Building

Consulting/Advisory

Funding / Investment / CapBuild type

risk capital to help leverage bank debt through mezzanine and pure equity investments.

Investment USD 1-5 million

Technical or other assistance

H-REFF's value added goes beyond funding for project construction and implementation; it can also help on the financial structuring by bringing other co-investors, or advising the project sponsors on the negotiation of terms with senior lenders. Moreover, H-REFF's participation in a project company strengthens its corporate governance and senior management.

Contact information

Name

Walter Vargas, Senior Consultant Sustainable Energy Central America

E-mail

Walter.vargas@seca-ca.com

Last update

Date

09-01-2018

Status

Accepting Applications Check Website

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