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Canada’s Total Climate Finance Contribution:
$1,000,000 CAD
- 2011 to 2012: $1,000,000 CAD
Targeted Countries:
Honduras
Funding Period: 2011 to 2012
Type of Support:
Mitigation
Delivery Partner(s):
Description
The Canadian Climate Fund for the Private Sector in the Americas (C2F) at the Inter-American Development Bank (IDB) provided support for commercial solar photovoltaic (PV) rooftop projects developed by Honduras’ first solar rooftop developer, Smartsolar. The proposed project will support solar PV sub-projects implemented by Smartsolar that will generate zero-emission electricity for self-consumption through PV solar panels mounted on the roofs of commercial buildings. In addition, the financial structure is highly innovative and replicable among other solar developers in the country and throughout the region.
Results/Expected Outcomes
The expected intermediate outcomes of this project include the installation of 1.9 megawatts (MW) per year of rooftop solar capacity, and 2,170 megawatt hours (MWh) per year of electricity from renewable energy sources. The project will also result in the abatement of an estimated 1,500 tons of CO2 each year.
Co-Financing/Mobilized Finance ($CAD):
$3,800,000
Estimated GHG (metric tons of CO₂) Reduction Associated with Project (per year)Disclaimer *:
1,500