Description: 

The Honduras Utility-Scale Solar PV Sub-Program (the Sub-Program) is designed to enable the development of the solar PV sector in Honduras through supporting several first-mover private sector investments in utility-scale grid-connected solar PV plants. Bringing these plants to financial closure will not only provide a critical demonstration effect of the financial viability of this type of projects, but also support the Honduran’s government ongoing efforts to diversify the energy matrix of the country away from fossil fuels. The Sub-Program will contribute to the reduction of burdensome reliance on the expensive imports of diesel and bunker fuel and help strengthen public finance in the near term. Moreover, the Sub-Program will seek to establish the bankability of solar PV Power Purchase Agreements (PPA) under the new regulatory framework – thereby supporting the regulatory reform, contributing to lowering the cost of electricity, benefiting the residential, industrial, and all other consumers in Honduras, and alleviating budgetary imbalances of the Government of Honduras (GoH).

This project summary is drawn from draft project proposals [such as the PAD, PID, SAR, and country investment plan] and may not contain the most up-to-date information.

Project Details
Cover Note | Project Document | Proposed Decision
Approved on September 23, 2014 (Approved Decision)
Approved Amount(s):
USD 20.0 million (grant funding)