The first half of 2021 began with strong, renewed efforts to close the gap that exists for financing EE projects in Mexico. With this aim, the Efficiency Valuation Organization (EVO), with support from GIZ through the SME NAMA Program, adapted the International Energy Efficiency Financing Protocol (IEEFP) to the Mexican context. For this, it carried out a pilot course on the protocol, bringing together important actors in the financial sector to promote product development and process improvements for financing EE projects in Mexico.
The IEEFP’s goal is to create a better understanding on the part of financial institutions of the risks and savings opportunities associated with EE projects and how these generate savings on operating expenses. The course emphasized the main technologies used in EE projects and the importance of having an Investment Grade Audit (IGA) to support the project’s investments, as well as incorporating a practical case-study activity in which participants evaluated the financial aspects of an EE project.
The pilot course was held virtually on June 22, 25, and 29, and July 1, attracting more than 25 participants from commercial banks and non-bank financial institutions in Mexico, Colombia, Ecuador, and Brazil, who expressed interest in developing and incorporating in their portfolios financial products focused on EE and Renewable Energy (RE).
The success of this pilot course was made possible thanks to the active collaboration of ABM, who helped publicize the event among its members, as well as the participation of the national development bank National Finance (NAFIN), and the National Commission for Efficient Energy Use, creating a positive outlook for a greater integration of EE in the Mexican market.
Find more information at: EVO library.