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...
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| Format: | ESMAP Paper |
| Language: | English en_US |
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Washington, DC
2014
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| 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 |
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okr-10986-17534 |
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oai_dc |
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Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
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World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ANNUAL GROWTH RATE APPROACH AVAILABILITY AVERAGE PRICE BALANCE BALANCE SHEET BANK FINANCING BANKRUPTCY BARRIERS TO ENERGY EFFICIENCY BENEFICIARIES BENEFICIARY BOILERS CAPITAL INVESTMENTS CAPITALIZATION CARBON DIOXIDE CLEAN ENERGY CLIMATE CLIMATE CHANGE COAL COAL DEMAND COGENERATION COLLATERAL COLLATERAL REQUIREMENTS COMMERCIAL BANK COMMERCIAL BANK LENDING COMMERCIAL BANKS CONFLICTS OF INTEREST CONTRACTUAL OBLIGATIONS COST OF ELECTRICITY CREDIT DECISION CREDIT ENHANCEMENT CREDIT ENHANCEMENTS CREDIT RATING CREDITORS CREDITWORTHINESS CRUDE OIL CRUDE OIL PRODUCTION CURRENCY CURRENCY RISK DEBT DEBT FINANCING DEBT INSTRUMENT DEBT SERVICE DEBT SERVICE PAYMENTS DEMAND FOR ENERGY DEMAND FOR NEW GENERATING CAPACITY DEPOSITS DEVELOPMENT BANK DIESEL DUE DILIGENCE ECONOMIC BENEFITS ECONOMIC GROWTH ELECTRIC POWER ELECTRICITY ELECTRICITY BILLS ELECTRICITY CONSUMPTION ELECTRICITY DEMAND ELECTRICITY GENERATING ELECTRICITY GENERATION ELECTRICITY GENERATION CAPACITY ELECTRICITY PRICES ELECTRICITY SECTOR ELECTRICITY SUPPLY ELECTRICITY SYSTEM ELECTRICITY TARIFF ELECTRICITY TARIFFS EMISSION EMISSION REDUCTION ENERGY CONSERVATION ENERGY CONSUMPTION ENERGY COSTS ENERGY DEMAND ENERGY EFFICIENCY ENERGY EFFICIENCY INVESTMENTS ENERGY INFORMATION ADMINISTRATION ENERGY MARKET ENERGY PLANNERS ENERGY PRICE ENERGY PRICES ENERGY PRODUCTION ENERGY RESOURCES ENERGY SAVINGS ENERGY SECURITY ENERGY SUPPLY ENERGY USAGE ENERGY USE EQUIPMENT EQUITY FUND EQUITY FUNDS EQUITY INVESTMENT EQUITY INVESTMENTS EXPENDITURE FEEDSTOCK FINANCIAL ASSETS FINANCIAL BARRIERS FINANCIAL INFORMATION FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL MARKET FINANCIAL MECHANISM FINANCIAL MECHANISMS FINANCIAL PLAN FINANCIAL SERVICES FINANCIAL STRUCTURE FINANCIAL STRUCTURES FLUORESCENT LAMPS FOREIGN INVESTMENTS FOREIGN INVESTORS FREE TRADE FUEL FUEL OIL FUELS FUND MANAGERS GAS GASOLINE GENERATING CAPACITY GENERATION GENERATION CAPACITY GROSS DOMESTIC PRODUCT GUARANTEE FEES HEAT HYDROCARBONS IMPORTS INCOME INDEBTEDNESS INSTITUTIONAL BARRIERS INSURANCE INSURANCE COMPANIES INSURANCE POLICIES INSURANCE POLICY INTEREST RATE INTEREST RATES INTERNATIONAL BANK INTERNATIONAL DEVELOPMENT INTERNATIONAL LENDING INVESTMENTS IN ENERGY INVESTMENTS IN ENERGY EFFICIENCY LANDFILL LEGAL AGREEMENTS LENDER LENDERS LIMITED LIABILITY LINES OF CREDIT LIQUIDATION LIQUIDITY LOAN LOAN AGREEMENT LOAN AGREEMENTS LOAN APPLICATION LOAN PORTFOLIO LOAN PROCEEDS LOAN TERMS LOCAL BANKS LOCAL FINANCIAL INSTITUTIONS LOCAL GOVERNMENT LOCAL LENDERS LONG-TERM FINANCING MARKET BARRIERS MARKET CONDITIONS MARKET EFFICIENCY METHANE METHANE RECOVERY MOTOR GASOLINE NATURAL GAS NATURAL GAS DEMAND NATURAL GAS INDUSTRIES NATURAL GAS PRODUCTION NOTARY NOTARY PUBLIC NUCLEAR POWER OIL OIL COMPANY OIL DEMAND OIL EXPORTS OIL PRICES PERSONAL PROPERTY PETROLEUM PETROLEUM GAS PETROLEUM PROCESSING PILOT PROJECTS PIPELINE PLEDGE AGREEMENT PORTFOLIO POWER POWER PRODUCER POWER PRODUCERS PRICE SPIKES PRIMARY ENERGY PRIMARY ENERGY SUPPLY PRIVATE INVESTORS PUBLIC REGISTRY RATES OF INTEREST RATES OF RETURN REFINED PRODUCTS REGULATORY FRAMEWORK RENEWABLE ENERGY RESERVE RESERVE FUND RESERVES RESIDUAL FUEL RESIDUAL FUEL OIL RETURNS RISK DIVERSIFICATION RISK PROFILE SECURITY INTERESTS SHORT-TERM INTEREST RATE SOURCE OF ENERGY SUPPLY OF ELECTRICITY TAX THERMAL CAPACITY TOTAL COST TRANSACTION TRANSACTION COSTS TRANSFER PAYMENTS TRANSITION ECONOMIES TRANSMISSION CAPACITY TRANSMISSION INFRASTRUCTURE TRANSPARENCY TREASURY TRUST DEED TRUST FUND TRUST INDENTURE TRUSTEE TRUSTEES UTILITY PROGRAMS UTILIZATION OF ENERGY VEHICLES VOLTAGE |
| spellingShingle |
ANNUAL GROWTH RATE APPROACH AVAILABILITY AVERAGE PRICE BALANCE BALANCE SHEET BANK FINANCING BANKRUPTCY BARRIERS TO ENERGY EFFICIENCY BENEFICIARIES BENEFICIARY BOILERS CAPITAL INVESTMENTS CAPITALIZATION CARBON DIOXIDE CLEAN ENERGY CLIMATE CLIMATE CHANGE COAL COAL DEMAND COGENERATION COLLATERAL COLLATERAL REQUIREMENTS COMMERCIAL BANK COMMERCIAL BANK LENDING COMMERCIAL BANKS CONFLICTS OF INTEREST CONTRACTUAL OBLIGATIONS COST OF ELECTRICITY CREDIT DECISION CREDIT ENHANCEMENT CREDIT ENHANCEMENTS CREDIT RATING CREDITORS CREDITWORTHINESS CRUDE OIL CRUDE OIL PRODUCTION CURRENCY CURRENCY RISK DEBT DEBT FINANCING DEBT INSTRUMENT DEBT SERVICE DEBT SERVICE PAYMENTS DEMAND FOR ENERGY DEMAND FOR NEW GENERATING CAPACITY DEPOSITS DEVELOPMENT BANK DIESEL DUE DILIGENCE ECONOMIC BENEFITS ECONOMIC GROWTH ELECTRIC POWER ELECTRICITY ELECTRICITY BILLS ELECTRICITY CONSUMPTION ELECTRICITY DEMAND ELECTRICITY GENERATING ELECTRICITY GENERATION ELECTRICITY GENERATION CAPACITY ELECTRICITY PRICES ELECTRICITY SECTOR ELECTRICITY SUPPLY ELECTRICITY SYSTEM ELECTRICITY TARIFF ELECTRICITY TARIFFS EMISSION EMISSION REDUCTION ENERGY CONSERVATION ENERGY CONSUMPTION ENERGY COSTS ENERGY DEMAND ENERGY EFFICIENCY ENERGY EFFICIENCY INVESTMENTS ENERGY INFORMATION ADMINISTRATION ENERGY MARKET ENERGY PLANNERS ENERGY PRICE ENERGY PRICES ENERGY PRODUCTION ENERGY RESOURCES ENERGY SAVINGS ENERGY SECURITY ENERGY SUPPLY ENERGY USAGE ENERGY USE EQUIPMENT EQUITY FUND EQUITY FUNDS EQUITY INVESTMENT EQUITY INVESTMENTS EXPENDITURE FEEDSTOCK FINANCIAL ASSETS FINANCIAL BARRIERS FINANCIAL INFORMATION FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL MARKET FINANCIAL MECHANISM FINANCIAL MECHANISMS FINANCIAL PLAN FINANCIAL SERVICES FINANCIAL STRUCTURE FINANCIAL STRUCTURES FLUORESCENT LAMPS FOREIGN INVESTMENTS FOREIGN INVESTORS FREE TRADE FUEL FUEL OIL FUELS FUND MANAGERS GAS GASOLINE GENERATING CAPACITY GENERATION GENERATION CAPACITY GROSS DOMESTIC PRODUCT GUARANTEE FEES HEAT HYDROCARBONS IMPORTS INCOME INDEBTEDNESS INSTITUTIONAL BARRIERS INSURANCE INSURANCE COMPANIES INSURANCE POLICIES INSURANCE POLICY INTEREST RATE INTEREST RATES INTERNATIONAL BANK INTERNATIONAL DEVELOPMENT INTERNATIONAL LENDING INVESTMENTS IN ENERGY INVESTMENTS IN ENERGY EFFICIENCY LANDFILL LEGAL AGREEMENTS LENDER LENDERS LIMITED LIABILITY LINES OF CREDIT LIQUIDATION LIQUIDITY LOAN LOAN AGREEMENT LOAN AGREEMENTS LOAN APPLICATION LOAN PORTFOLIO LOAN PROCEEDS LOAN TERMS LOCAL BANKS LOCAL FINANCIAL INSTITUTIONS LOCAL GOVERNMENT LOCAL LENDERS LONG-TERM FINANCING MARKET BARRIERS MARKET CONDITIONS MARKET EFFICIENCY METHANE METHANE RECOVERY MOTOR GASOLINE NATURAL GAS NATURAL GAS DEMAND NATURAL GAS INDUSTRIES NATURAL GAS PRODUCTION NOTARY NOTARY PUBLIC NUCLEAR POWER OIL OIL COMPANY OIL DEMAND OIL EXPORTS OIL PRICES PERSONAL PROPERTY PETROLEUM PETROLEUM GAS PETROLEUM PROCESSING PILOT PROJECTS PIPELINE PLEDGE AGREEMENT PORTFOLIO POWER POWER PRODUCER POWER PRODUCERS PRICE SPIKES PRIMARY ENERGY PRIMARY ENERGY SUPPLY PRIVATE INVESTORS PUBLIC REGISTRY RATES OF INTEREST RATES OF RETURN REFINED PRODUCTS REGULATORY FRAMEWORK RENEWABLE ENERGY RESERVE RESERVE FUND RESERVES RESIDUAL FUEL RESIDUAL FUEL OIL RETURNS RISK DIVERSIFICATION RISK PROFILE SECURITY INTERESTS SHORT-TERM INTEREST RATE SOURCE OF ENERGY SUPPLY OF ELECTRICITY TAX THERMAL CAPACITY TOTAL COST TRANSACTION TRANSACTION COSTS TRANSFER PAYMENTS TRANSITION ECONOMIES TRANSMISSION CAPACITY TRANSMISSION INFRASTRUCTURE TRANSPARENCY TREASURY TRUST DEED TRUST FUND TRUST INDENTURE TRUSTEE TRUSTEES UTILITY PROGRAMS UTILIZATION OF ENERGY VEHICLES VOLTAGE World Bank Innovative Financial Mechanism to Implement Energy Efficiency Projects in Mexico |
| geographic_facet |
Latin America & Caribbean Mexico |
| relation |
ESMAP formal report;no. 338/09 |
| description |
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. |
| format |
Publications & Research :: ESMAP Paper |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Innovative Financial Mechanism to Implement Energy Efficiency Projects in Mexico |
| title_short |
Innovative Financial Mechanism to Implement Energy Efficiency Projects in Mexico |
| title_full |
Innovative Financial Mechanism to Implement Energy Efficiency Projects in Mexico |
| title_fullStr |
Innovative Financial Mechanism to Implement Energy Efficiency Projects in Mexico |
| title_full_unstemmed |
Innovative Financial Mechanism to Implement Energy Efficiency Projects in Mexico |
| title_sort |
innovative financial mechanism to implement energy efficiency projects in mexico |
| publisher |
Washington, DC |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2009/06/11495853/innovative-financial-mechanism-implement-energy-efficiency-projects-mexico http://hdl.handle.net/10986/17534 |
| _version_ |
1764437588393852928 |
| spelling |
okr-10986-175342021-04-23T14:03:38Z Innovative Financial Mechanism to Implement Energy Efficiency Projects in Mexico World Bank ANNUAL GROWTH RATE APPROACH AVAILABILITY AVERAGE PRICE BALANCE BALANCE SHEET BANK FINANCING BANKRUPTCY BARRIERS TO ENERGY EFFICIENCY BENEFICIARIES BENEFICIARY BOILERS CAPITAL INVESTMENTS CAPITALIZATION CARBON DIOXIDE CLEAN ENERGY CLIMATE CLIMATE CHANGE COAL COAL DEMAND COGENERATION COLLATERAL COLLATERAL REQUIREMENTS COMMERCIAL BANK COMMERCIAL BANK LENDING COMMERCIAL BANKS CONFLICTS OF INTEREST CONTRACTUAL OBLIGATIONS COST OF ELECTRICITY CREDIT DECISION CREDIT ENHANCEMENT CREDIT ENHANCEMENTS CREDIT RATING CREDITORS CREDITWORTHINESS CRUDE OIL CRUDE OIL PRODUCTION CURRENCY CURRENCY RISK DEBT DEBT FINANCING DEBT INSTRUMENT DEBT SERVICE DEBT SERVICE PAYMENTS DEMAND FOR ENERGY DEMAND FOR NEW GENERATING CAPACITY DEPOSITS DEVELOPMENT BANK DIESEL DUE DILIGENCE ECONOMIC BENEFITS ECONOMIC GROWTH ELECTRIC POWER ELECTRICITY ELECTRICITY BILLS ELECTRICITY CONSUMPTION ELECTRICITY DEMAND ELECTRICITY GENERATING ELECTRICITY GENERATION ELECTRICITY GENERATION CAPACITY ELECTRICITY PRICES ELECTRICITY SECTOR ELECTRICITY SUPPLY ELECTRICITY SYSTEM ELECTRICITY TARIFF ELECTRICITY TARIFFS EMISSION EMISSION REDUCTION ENERGY CONSERVATION ENERGY CONSUMPTION ENERGY COSTS ENERGY DEMAND ENERGY EFFICIENCY ENERGY EFFICIENCY INVESTMENTS ENERGY INFORMATION ADMINISTRATION ENERGY MARKET ENERGY PLANNERS ENERGY PRICE ENERGY PRICES ENERGY PRODUCTION ENERGY RESOURCES ENERGY SAVINGS ENERGY SECURITY ENERGY SUPPLY ENERGY USAGE ENERGY USE EQUIPMENT EQUITY FUND EQUITY FUNDS EQUITY INVESTMENT EQUITY INVESTMENTS EXPENDITURE FEEDSTOCK FINANCIAL ASSETS FINANCIAL BARRIERS FINANCIAL INFORMATION FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL MARKET FINANCIAL MECHANISM FINANCIAL MECHANISMS FINANCIAL PLAN FINANCIAL SERVICES FINANCIAL STRUCTURE FINANCIAL STRUCTURES FLUORESCENT LAMPS FOREIGN INVESTMENTS FOREIGN INVESTORS FREE TRADE FUEL FUEL OIL FUELS FUND MANAGERS GAS GASOLINE GENERATING CAPACITY GENERATION GENERATION CAPACITY GROSS DOMESTIC PRODUCT GUARANTEE FEES HEAT HYDROCARBONS IMPORTS INCOME INDEBTEDNESS INSTITUTIONAL BARRIERS INSURANCE INSURANCE COMPANIES INSURANCE POLICIES INSURANCE POLICY INTEREST RATE INTEREST RATES INTERNATIONAL BANK INTERNATIONAL DEVELOPMENT INTERNATIONAL LENDING INVESTMENTS IN ENERGY INVESTMENTS IN ENERGY EFFICIENCY LANDFILL LEGAL AGREEMENTS LENDER LENDERS LIMITED LIABILITY LINES OF CREDIT LIQUIDATION LIQUIDITY LOAN LOAN AGREEMENT LOAN AGREEMENTS LOAN APPLICATION LOAN PORTFOLIO LOAN PROCEEDS LOAN TERMS LOCAL BANKS LOCAL FINANCIAL INSTITUTIONS LOCAL GOVERNMENT LOCAL LENDERS LONG-TERM FINANCING MARKET BARRIERS MARKET CONDITIONS MARKET EFFICIENCY METHANE METHANE RECOVERY MOTOR GASOLINE NATURAL GAS NATURAL GAS DEMAND NATURAL GAS INDUSTRIES NATURAL GAS PRODUCTION NOTARY NOTARY PUBLIC NUCLEAR POWER OIL OIL COMPANY OIL DEMAND OIL EXPORTS OIL PRICES PERSONAL PROPERTY PETROLEUM PETROLEUM GAS PETROLEUM PROCESSING PILOT PROJECTS PIPELINE PLEDGE AGREEMENT PORTFOLIO POWER POWER PRODUCER POWER PRODUCERS PRICE SPIKES PRIMARY ENERGY PRIMARY ENERGY SUPPLY PRIVATE INVESTORS PUBLIC REGISTRY RATES OF INTEREST RATES OF RETURN REFINED PRODUCTS REGULATORY FRAMEWORK RENEWABLE ENERGY RESERVE RESERVE FUND RESERVES RESIDUAL FUEL RESIDUAL FUEL OIL RETURNS RISK DIVERSIFICATION RISK PROFILE SECURITY INTERESTS SHORT-TERM INTEREST RATE SOURCE OF ENERGY SUPPLY OF ELECTRICITY TAX THERMAL CAPACITY TOTAL COST TRANSACTION TRANSACTION COSTS TRANSFER PAYMENTS TRANSITION ECONOMIES TRANSMISSION CAPACITY TRANSMISSION INFRASTRUCTURE TRANSPARENCY TREASURY TRUST DEED TRUST FUND TRUST INDENTURE TRUSTEE TRUSTEES UTILITY PROGRAMS UTILIZATION OF ENERGY VEHICLES VOLTAGE 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. 2014-03-31T20:42:45Z 2014-03-31T20:42:45Z 2009-06 http://documents.worldbank.org/curated/en/2009/06/11495853/innovative-financial-mechanism-implement-energy-efficiency-projects-mexico http://hdl.handle.net/10986/17534 English en_US ESMAP formal report;no. 338/09 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ Washington, DC Publications & Research :: ESMAP Paper Publications & Research Latin America & Caribbean Mexico |