Central Bank of Bolivia provides financing for solar projects

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Central Bank of Bolivia provides financing for solar projects

The Central Bank of Bolivia has recently signed loan agreements with National Electricity Company (ENDE), which is engaged in the generation, transmission and distribution of electric power, for the development of 70 MW solar capacity split in three renewable energy facilities in the departments of Tarija and Potosi.

The Central Bank of Bolivia has agreed to lend the total amount of BOB914 million (US$130 million) to ENDE for the two solar projects and a geothermal facility, which are the following:

  • 60 MW Uyuni solar farm in the department of Potosí
  • 5 MW Yunchará solar fam in the department of Tarija
  • 5 MW Laguna Colorada geothermal plant in the department of Potosí

The solar power market in Bolivia is nascent, with installed capacity amounting to approximately 5 MW and approximately 40 MW of installed renewable energy capacity to date. Bolivia has a target to deploy 183 MW of renewable electricity by 2025, as set by the 2014 Bolivia Electric Plan 2020-25.

Additionally, concessional loans from international donors for the development of renewable energy projects are accepted by law on a case-by-case basis.

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