Funding Organization: IDB Sustainable Energy and Climate Change Initiative (SECCI)

PROFILE

Total Amount USD $40 Million
Financing Mechanisms Grant , Technical assistance
Qualifying Projects Adaptation , Mitigation, Energy Efficiency , Renewable Energy
Eligibility Maximum Financed: 1’000,000 for technical cooperation; 1’500,000 for investment grants.
Private Sector: Grants are non-reimbursable only when the IDB finances underlying project
Eligible Countries: Argentina, Bahamas, Barbados, Belize, Bolivia, Brazil, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, El Salvador, Guatemala, Guyana, Haiti, Honduras, Jamaica, Mexico, Nicaragua, Panama, Paraguay, Peru, Suriname, Trinidad and Tobago, Uruguay, Venezuela
Letter of Non-Objection: A letter on non-objection is required from the government
Counterpart Financing: 20% counterpart financing is required

Funding Objectives

All activities financed must be consistent with the IDB SECCI and its fundamental objectives: to facilitate an expanded application of renewable energy and energy efficiency technologies in Latin America and the Caribbean, to finance and support greenhouse gas emission reduction projects and biofuel development, and to promote and finance adaptation strategies and actions to reduce vulnerability risks presented by climate change in the countries of LAC.

Financing Mechanisms

Public Sector Proposals: Non-contingent (non-reimbursable). Priority will be given to activities linked to potential IDB’ operations. Private Sector Proposals: May NOT be contingent (reimbursable) if:

  1. The project/or part of the project is financed by the IDB group.
  2. If the private company decides not to invest given the results of the feasibility study financed by SECCI; the fund are not contingent.

In all other cases the SECCI Fund will finance the activities in private sector on a contingency recovery basis:

Application Procedures

An expression of interest form is available online at www.iadb.org/secci. Once submitted, the application is reviewed by an IDB expert who will assure specific basic technical requirements are met. Shortly after an application is received, the corresponding Bank’s Country Office(s) is notified about the interest of developing a project in its jurisdiction. Proposals are then discussed by an internal Committee composed by IDB technical and financial experts, and a decision is submitted to the client.

Project Types

Mitigation: SECCI finances: (i) feasibility studies for the preparation of renewable energy projects; (ii) document analysis and preparation to be presented to regulated and voluntary carbon markets; (iii) energy efficiency audits.

Adaptation: SECCI finances: (i) climate risk and vulnerability assessments; (ii) climate modeling initiatives; (iii) sectors studies in priority areas

Capacity Building: SECCI finances outreach and capacity building initiatives related to climate change

Decision-making structure

The SECCI initiative is coordinated by the Chief of the IDB’s Sustainable Energy and Climate Change Unit. In order to grant eligibility to a proposal the SECCI coordinator receives input from other IDB technical departments, from country coordinators and budget officers, whom are all part of the SECCI eligibility committee.