ME in Latin America
Currently, about 1.5 billion people in developing countries lack access to electricity and about 3 billion people rely on solid fuels for cooking.
In Latin America, the growing energy demand and the challenges associated with it are manifold. Low rural population density as well as hazardous terrain translates into the reality that certain regions will never receive grid connection. Moreover, the degradation of the ecosystem due to the high demand of fossil fuels for heating and cooking purposes is vast. The lack of efficient energy solutions affects the Triple Bottom Line in the region, namely Economical, Social and Environmental thereby hindering the sustainable development of the region.
Many effective programs have been initiated by international donor organizations in response to this problem based on the MDGs. MicroEnergy International has actively collaborated and supported some of the projects advocating the need for a sustainable market-based approach involving key local stakeholders.
ACTIVITIES IN LATIN AMERICA
MEI (MicroEnergy International) together with Sparkassenstiftung für Internationale Kooperation in Mexico launched a financial mechanism for the Solar Thermal Systems (STSs) in small and medium enterprises (SMEs).
ADA (Appui au développement autonome) and MEI (MicroEnergy International) combine their expertise in the fields of microfinance and renewable energy to create the Energy Inclusion Initiative (EII). This innovative project aims to increase clean energy access in developing countries through inclusive financial and technical services.
The Project's objective is to train microfinance institutes (MFIs) in Latin America and the Carribbean to develop "green" financial products. MEI (MicroEnergy International) will provide technical assistance to Te Creemos, one of the selected MFIs.
MEI will provide technical assistance allowing Contactar to scale its green activities and develop a holistic green strategy on an institutional level.
A Pico PV Lamp Market Study has been conducted in rural Arequipa, Peru, in order to analyze its potential to be commercialized through microfinanced mechanisms. MicroEnergy International in collaboration with COPEME, have collected information of more than 300 households regarding their lighting needs, conducted focus groups and tested 3 models in 30 households. Based on the results, the Peruvian MFI Fondesurco will be able to design a commercialization and marketing strategy for its integration in its green loan, FondeEnergia.
The project aims at facilitating improved market access for improved cooking stoves to the members of the Savings and Credit Unions (UNICAS), through the adaptation of the financial mechanisms and through vitalizing their market by working together with local technology providers.