In December 2015, OeEB signed a long-term credit line of USD 20 million to Global Bank Panama for the financing of renewable energy and energy efficiency projects.
|Project name||Global Bank Panama|
|Region||Central America and the Caribbean|
|Sector||Energy / Resource efficiency / Infrastructure|
|OeEB project volume||USD 20 million|
|Projekt partner(s)||Global Bank Corporation|
OeEB's funds will be used for financing renewable energy projects primarily in Panama. Moreover, energy efficiency projects such as the replacement of outdated machines and the reduction or more efficient use of waste heat will be financed.
This way, a contribution is made to improving Panama's energy supply as well as to reducing the country's dependence on fossil fuel imports.