IFC to Advise Belize on Solar PPP Project to Boost Energy Security and Affordability
Belize, March 17 -- IFC, a member of the World Bank Group, is supporting the Government of Belize in attracting a private investor to build a utility-scale solar plant aimed at improving the country's energy security and affordability for about 20,000 households while also boosting business competitiveness.The project, part of the government's efforts to increase renewable energy generation capacity by 75% by 2030, is Belize's first public-private partnership (PPP) in the energy sector. IFC will act as the Lead Transaction Advisor, helping structure and implement an open and competitive tender to identify an operator to construct the plant with photovoltaic panels with a capacity of 50 to 80 megawatts (MW) by 2027. The project, which will h...
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