THE MULTILATERAL INVESTMENT FUND (MIF) CLEAN & EFFICIENT ENERGY: BUSINESS CASES JENNIFER BALDWIN Georgetown, Guyana April 18, 2012
1. WHAT IS THE MIF? 2. LESSONS FROM CHILE 3. OPORTUNITIES 4. MIF PROJECTS IN THE CARIBBEAN 2.
1. WHAT IS THE MIF? 3.
THE MULTILATERAL INVESTMENT FUND IS A member of the Inter-American Development Bank Group (IDB) The largest provider of technical assistance to the private sector in LAC LAC An innovation laboratory, testing and scaling new business models Flexible with tools including technical assistance (grants), loans, and equity investments Focused on SME development, lowincome populations and gender equity 4.
2. LESSONS FROM CHILE 5.
LESSONS FROM CHILE: Energy efficiency and renewable energy in small & medium sized enterprises (SMEs), including tourism Knowledge transfer to Jamaica www.energiaslimpias.cl 6.
Click to edit Master title style Hotel Explora, San Pedro de Atacama www.energiaslimpias.cl 7
CASE STUDY: Hotel Explora, San Pedro de Atacama Click to edit Master title style SITUATION: Luxury hotel in the Chilean Andes Annual energy costs of $350,000 USD in 2007 Hotel is off-grid and generates all its energy from petroleum, natural gas, and LPG ACTIONS: 2 new petroleum electricity generators installed (200 kva) New energy metering system New boiler system with better controls Renovation of reverse osmosis water treatment system Lighting fixtures replaced (T5 to T10 fluorescent bulbs) RESULTS: $123,000/year in savings 1-3 year return on investment 8
Click to edit Master title style Hotel Atton El Bosque www.energiaslimpias.cl 9
CASE STUDY: Hotel Atton El Bosque Click to edit Master title style SITUATION: Hotel in Santiago, 18 floors, 240 rooms High energy costs associated with lighting for public spaces and gas for hot water and heating ACTIONS: Formal energy management system Energy efficient lighting installed (50W Halogens, 3W LEDs and 9W CFLs) Solar thermal water heating on roof RESULTS: Annual savings of $82,000/yr Cut lighting energy used by 80% (from 37 kw to 8 kw) Cost of hot water reduced by 22%, gas consumption down 6% per year 1-5 year return on investment 10
3. OPPORTUNITIES 11.
COMING SOON THE CLIMATE SCOPE http://climatescope.fomin.org Report highlighting new opportunities for entrepreneurs and investors in clean energy. 26 countries including : Bahamas, Barbados, Dominican Republic, Guyana, Haiti, Jamaica, Suriname, Trinidad and Tobago, and Central America. The final report will be presented during the Rio+20 conference in June, 2012. 12.
LAST CHANCE IDEAS COMPETITION www.iadb.org/ideas $200,000 prize Competition closes April 30 Innovation in energy efficiency, renewable energy, climate change mitigation, and fossil fuel substitution This round is Caribbean-only: Antigua and Barbuda, Bahamas, Barbados, Belize, Dominica, Dominican Republic, Grenada, Guyana, Haiti, Jamaica, St Kitts and Nevis, St Lucia, St Vincent and the Grenadines, Suriname, Trinidad and Tobago. 13.
HOW TO WORK WITH US 2010 Approved Value by Instrument Technical assistance (grants) to civil society NGOs Business associations Universities Loans and equity directly to the private sector Social entrepreneurs Microfinance institutions Loans 10% Equity 19% Grants 70% Member countries include Barbados, Bahamas, Jamaica, Dominican Republic, Haiti, Guyana, Suriname, Trinidad & Tobago, and Central America. Online application at: 14.
4. MIF PROJECTS IN THE CARIBBEAN 15.
ENERGY EFFICIENCY GUYANA MANUFACTURING AND SERVICES ASSOCIATION (GMSA) Context: High energy costs and low reliability Project: Research on energy consumption trends across 8 sectors Pilot energy efficiency projects with 5 companies Recommendations on best practices in self-generation 16.
NATURAL CAPITAL CONSERVATION INTERNATIONAL Context: Guyana Low Carbon Development Strategy Georgetown-Lethem road expansion Project: Ecotourism to increase economic value of natural capital Low-carbon business models with SMEs in agriculture and tourism 17.
ADAPTATION TO CLIMATE CHANGE CARIBSAVE Context: Cost for Latin America and the Caribbean to adapt to a 2 C warmer world by 2050: $16.8-21.5 billion per year Project: Jamaica, Belize, Barbados, and the Bahamas Adaptation plans for 8 coastal communities and 50 SMEs in tourism, fishing, agriculture, and crafts Inspire communication and new business models 18.
THANK YOU! JENNIFER BALDWIN JBALDWIN@IADB.ORG