IFC and IDB Invest Partner to Expand Solar Energy Solutions in Haiti
Haiti, March 18 -- In a significant move to strengthen Haiti's recovery efforts and energy security, IFC - a member of the World Bank Group - and IDB Invest - the private sector arm of the Inter-American Development Bank (IDB)- announced a US$13.5 million investment in projects by Solengy Haiti S.A., a leading local solar energy company that provides solutions to households, schools, hospitals, and commercial and industrial customers, paving the way for increased access to electricity in the country.Amid ongoing humanitarian and security challenges in Haiti, the project aims to support the installation of 10 MWp of solar PV and 20 MWh of storage. It will provide reliable energy, enhancing economic competitiveness by providing businesses wit...
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