Region to receive $230 million for renewable energy

The European Investment Bank has agreed to lend $230 million to support investment in hydro power, wind, geothermal and photo voltaic renewable energy schemes across Central America, the European Commission said.

Europe's long-term lending institution's joint program with the Central American Bank for Economic Integration will enable more than $500 million of investment in projects in Honduras, Nicaragua, El Salvador, Guatemala, Costa Rica and Panama.

The large-scale initiative will help reduce regional dependence on fossil fuel imports and diminish carbon emissions from energy production.

Source: RTT News