Green energy - Haiti Observer Blog

Plans for a substantial investment by the International Finance Corporation (IFC), geared towards creating power solutions for Haiti and the Dominican Republic, were recently announced. The World Bank Group member, in tandem with their African, Latin American and Caribbean Fund (IFC ALAC) will help InterEnergy Holdings (IEH), a leading private investor in the propagation of power in Haiti's neighbor country, with interests in the power sector of the region, to create energy that is more efficacious in its productivity while leaving a smaller carbon footprint.

The $100 million endowment is an equity investment towards developing cleaner energy sources within the Caribbean, with plans of expansion into Latin American territories. The Dominican Republic has already made plans to cut down their emissions by 25% in time for 2030, and, already a proponent of the 'clean bill', Haiti's per capita carbon emissions is less than 185 other countries, at less than 0.1%.

Read more →  

Haiti is one of the poorest countries around its region of location. It has for a very long time suffered greatly from bad governance which has been transferred from one generation to another with little success at cubing it. Natural calamities have not given the country a chance either the recent 2010 earthquake being a very good example of what they have been doing to the country. It is for this reason that there has been dire need for a good and reliable solution that would change all this.

One of the most advocated for ways to cub this problem is the introduction of Green energy vocational training program in Leogane. This plan is meant to among many other things introduce a source of power for the Neges Foundation so that it can develop a platform for sustainable operations that can allow them to scale up their educational programs for children. This is mainly because education is a vital part of a country`s economy plans for the future. It is estimated that over 25% of the nation`s children do not complete their education since they drop out of school and even universities so as to find jobs that can allow them lead close to normal lives like they all dream of.

Read more →  

Leopard Capital has inked a deal with the International Finance Corporation (IFC) to set up the first private equity fund to re-energize Haitian small and mid-size enterprises (SMEs) wiped out by the 2010 earthquake.

With a goal of securing $40 to $75 million to re-capitalize Haitian businesses, the Leopard Haiti Fund (LHF) has attracted $20 million in funding from three development banks: IFC, LHF's senior partner, has invested $8.5 million; the Netherlands Development Finance Company (FMO) $8.5 million; and Multilateral Investment Fund (MIF) $3.0 million.

LHF will pour financing into four potential-growth areas: food manufacturing, sustainable energy, tourism, and low-income housing. The bulk of LHF's financial resources will help already-open businesses grow by re-capitalizing operations and restoring structural damage. A portion of LHF's investment funds will support SMEs and new businesses.

Read more →