A new agreement signed by the Nacional Financiera (Nafin) and the European Investment Bank (EIB) could ease financing for renewable energy projects in Mexico.
The Memorandum of Understanding (MOU) signed on Tuesday will enable the two organizations to cooperate on issues related to sustainable development in Mexico, including green financing. More specifically, the institutions could launch a line of credit to support projects to combat climate change, including renewable energy.
“Working with the EIB on renewable energy projects and sharing experiences and best practices in this area will enable Nafin to support the federal government’s climate change goals and international commitments,” said Nafin CEO, Jacques Rogozinski.
Nafin has already provided support for major renewable energy projects in Mexico, including the 39-megawatt Aura Solar photovoltaic power plant located in Baja California. The entity has also provided support for distributed generation renewable energy facilities.
