Transition to green energy
Nicaragua has a tropical climate with large amounts of rainfall and sunshine – ideal conditions for the production of renewable energy. However, 40 % of energy needs are met using imported oil – a situation that the government wants to change by promoting alternative energy sources. Astro Nicaragua S. A. shows how this can be done.
A total of 25 companies are currently based in the Astro Nicaragua industrial park, which covers an area of 55 hectares. Astro Nicaragua meets 27 % of their energy needs using solar energy. The photovoltaic system has an installed capacity of 2.52 MW and generates electricity from dawn to dusk. The investment was partially financed by a ‘Green Line’ loan from the GCPF partner BanPro and the cost will be recuperated through energy savings within eight years.
With more than 250 days of sunshine per year, Mongolia is known as the ‘land of the eternal blue sky’. Covering an area of 1,566,000 km2, it is home to 3 million inhabitants. Around 800,000 of them live as nomads, moving with their herds of cattle in search of new pastures. Until the start of the new millennium, most of them had no access to electricity.
Tents with electricity
In 2000, the Mongolian government launched its National 100,000 Solar Ger Electrification Programme. Today, 70 % of nomads use mobile solar energy systems, which can power electrical appliances such as freezers, milking machines or LED televisions. The GCPF partner XacBank provides distribution firms with loans that they can use exclusively to import and sell solar systems and solar-powered appliances.
Environmentally friendly growth
The growth of Bangladesh’s economy is mainly driven by the textile industry, which employs around 4 million people. To compete successfully, firms must control their costs – while meeting ever stricter requirements for working conditions and environmentally friendly practices defined by international buyers.
A good reputation as a pioneer
Vintage Denim Studio Ltd. exports 100 % of its products. To reduce energy consumption, the company has replaced old washing and drying equipment, making the process 26 % more energy efficient. It obtained a loan from the GCPF partner City Bank Ltd., which has positioned itself as a pioneer in green finance – with the support of a targeted programme in this area financed by the GCPF Technical Assistance Facility.