Geothermal Development Facility (GDF) The First Multi-Donor Climate Initiative to Promote Geothermal Energy in Latin America is operational!

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Presentation transcript:

Geothermal Development Facility (GDF) The First Multi-Donor Climate Initiative to Promote Geothermal Energy in Latin America is operational!

Geothermal Development Facility – Overview Stakeholder Group Risk Mitigation Fund Grants for Surface Studies / Contingency Grants for Exploratory Drilling Follow – Up Financing Lines provided by GDF Stakeholders Technical Assistance Forum Policy Dialogue & Coordination of TA Programs Geothermal Development Facility - Copyright © KfW Entwicklungsbank

Geothermal Development Facility A tailored approach to promote Geothermal Development Drillings GDF Bridge Financing Lines – Capacity Drillings 1 2 6 7 8 Investment Financing Lines – Plant Infrastructure Risk Mitigation Fund – Contingency Grant 3 4 5 10 11 12 9 Exploration Risk GDF Grants - surface studies Preparation Exploration Drillings Capacity Drillings Construction Geothermal Development Facility - Copyright © KfW Entwicklungsbank

Geothermal Development Facility Risk Mitigation Fund – operational since 12/2016! http://gdflac.com/ Geothermal Development Facility - Copyright © KfW Entwicklungsbank

Geothermal Development Facility Risk Mitigation Fund – Grant for Surface Studies GDF Risk Mitigation Fund – Grant for Surface Studies Project Developers (Public/Private/PPP) EoI / Application Successful Evaluation Grant for Surface Study Financing of 40% of the cost of respective activities up to a maximum of EUR 0,6 Mio. Surface Studies / Identification & Preparation Activities Geothermal Development Facility - Copyright © KfW Entwicklungsbank

Geothermal Development Facility Risk Mitigation Fund – Contingency Grant GDF Risk Mitigation Fund – Contingency Grant Project Developers (Public/Private/PPP) EoI / Application Successful Evaluation Repayment of 80% of the funds received – refinancing through Bridge / Investment Financing Lines Contingency Grant Financing of up to 40% of the cost of exploration drilling of up to 3 wells up to a maximum of approx. EUR 5,8 Mio. Exploration successfull Exploration Drillings Exploration unsuccessful – no financial commitment Geothermal Development Facility - Copyright © KfW Entwicklungsbank

Geothermal Development Facility Results – EoI Stage - First Call for Proposals Geothermal Development Facility - Copyright © KfW Entwicklungsbank

Geothermal Development Facility Bridge & Investment Financing Lines are available! http://gdflac.com/about/follow-up-financing/ Geothermal Development Facility - Copyright © KfW Entwicklungsbank

Thank you for your attention. Jens Wirth. Senior Project Manager Thank you for your attention! Jens Wirth Senior Project Manager Energy and Financial Sector Latin America & Caribbean KfW Entwicklungsbank +49 69 7431 – 2646 jens.wirth@kfw.de