The NAMA SME project began the launch of the initiative that supports the strengthening of the energy efficiency market in SMEs in Yucatan through technical and financial solutions.

The NAMA SME project is implemented by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, together with the Yucatan Institute for Entrepreneurs (IYEM) and the Energy Sub-Secretariat of the Ministry of Economic Development and Labour (SEFOET) of the Government of the State of Yucatan. On May 11, it launched an initiative to strengthen small and medium-sized enterprises (SMEs) in the state of Yucatan through energy efficiency (EE). Through an open call, companies in the state were invited to register to receive an energy diagnosis (DE) at no cost and be able to implement EE measures.

Inicio del lanzamiento con MicroYuc © Mary Angélica Pérez López IYEM en conjunto con el proyecto NAMA PyME de GIZ México
ILaunch of MicroYuc © Mary Angélica Pérez López IYEM together with NAMA PyME, GIZ México

With the aim of providing technical and financial support to incorporate EE measures in companies, capacity building sessions were held for SMEs on 19 and 26 May and 2 June 2022. More than 60 people participated and learned what EE is, the importance of DE in their companies and how to manage a loan and pay it back through energy savings. In addition, companies learned about the MicroYuc Verde financing initiative promoted by IYEM, as well as the requirements to participate in the call for proposals.

Webinar carried out in conjunction with our allies from the State of Yucatán © Brenda Montanez

The success of these events was reflected in the 36 SMEs that registered for the initiative, with participation from the industrial, service and trade sectors. Those selected were those with the greatest potential to implement EE projects and that were priority sectors for the economy of the state of Yucatan.

Of the SMEs that registered, 16 were selected and will be able to identify and implement improvements in their energy consumption, generating economic savings, increasing their competitiveness, and reducing greenhouse gas (GHG) emissions. Importantly, seven are led by women, contributing to GIZ Mexico’s commitment to promote access to finance for women entrepreneurs in the state.

Start with the 16 SMEs selected to carry out an Energy Diagnosis with a view to implementing an executive savings project © Brenda Montanez

In September, each SME will begin to implement the projects they selected based on their needs, as well as their technical and economic viability. These projects will be regularly monitored to document the energy saving measures and the economic, environmental and social benefits to each company.

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).

Curso piloto en línea sobre IEEFP. © EVO.
Online pilot course about the IEEFP. © EVO.

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.

Curso piloto en línea sobre IEEFP. © EVO.
Online pilot course about the IEEFP. © EVO.

Find more information at: EVO library.