Innovative Financial Mechanism to Implement Energy Efficiency Projects in Mexico
This report provides a summary of Energy Sector Management Assistance Program (ESMAP) supported activities in Mexico focused on the creation of a pooled financing program for multiple energy efficiency projects through a single debt instrument. The...
| Main Author: | |
|---|---|
| Format: | ESMAP Paper |
| Language: | English en_US |
| Published: |
Washington, DC
2014
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2009/06/11495853/innovative-financial-mechanism-implement-energy-efficiency-projects-mexico http://hdl.handle.net/10986/17534 |
| Summary: | This report provides a summary of Energy
Sector Management Assistance Program (ESMAP) supported
activities in Mexico focused on the creation of a pooled
financing program for multiple energy efficiency projects
through a single debt instrument. The report is organized as
eight chapters. Chapter one provides additional details
regarding the ownership, structure and operation of an
special purpose entity (SPE); it discusses the flexibility
of this structure and how it can serve a pool of private or
public sector projects. Chapter two provides an overview of
the Mexican energy sector with a focus on the electricity
supply, demand and pricing. Chapter three reviews the market
potential for energy efficiency investments and provides
comparative data on Mexico's energy prices and costs of
capital in other countries where the energy efficiency and
energy services company (ESCO) market is active. Chapter
four reviews the current financial market conditions in
Mexico, and the restrictive nature of commercial lending.
Chapter five identifies the market, institutional and
financial barriers to implementation of energy efficiency
and ESCO projects in Mexico with a focus on financial
issues. Chapter six provides an overview of the pilot SPE
structures under development for the pool financing of
multiple projects. A separate SPE is being created for
public and private projects. Chapter seven reviews the
current status of each SPE initiative, and takes a look into
the future with a discussion of next steps. Chapter eight
provides a summary of lessons learned from this project, and
their application to future efforts in this area. |
|---|