Eight projects seek funding in the Second Phase of the Climate Finance Accelerator in Peru
hace 3 year
The program, funded by the Government of the United Kingdom, will support selected projects to strengthen their proposals and attract investment from Peruvian and international financiers.
The projects in this second phase of CFA come from a variety of sectors including waste management, energy, sustainable agriculture, among others. For example, some of them aim to implement solar panel boats for river traffic in the Amazon, responsible waste management in the construction sector, regeneration of used clays, among others.
A key barrier to climate action is the limited supply of projects capable of attracting the financing and investment needed to implement large-scale solutions.
The technical assistance provided focuses on identifying your financial needs such as the combination of financing from public and private sources, structuring your bankable financial model and presentation materials.
The advisory also seeks to improve the business model in areas such as gender inclusion and social equality. Once funded, the projects will benefit communities throughout Peru through pollution reduction, employment opportunities, energy access, water conservation, and support for gender equality and social inclusion efforts.
The UK Ambassador to Peru, Gavin Cook, stated:
«I am delighted to meet these eight exciting projects at the start of their journey at CFA Peru. Their innovative ideas and approaches really show how the private sector is helping to address the climate emergency in Peru and we are excited to be part of their journey.
CFA's technical and financial experts will help them develop the investment that will drive not only their projects, but also broader social impact. The lessons we learn will also help the Peruvian government and private sector generate capital flows for the future. I can't wait to hear how they do.»
By bringing together stakeholders who can develop and finance climate projects at scale, the CFA will support Peru's efforts to meet the priorities set out in its Nationally Determined Contribution under the Paris Agreement.
The project is led in Peru by Libélula. The leader of the Program in Peru, Katherine Bocanegra, Libélula's Project Manager, added:
«The CFA Program is a great opportunity to continue building the portfolio of sustainable and bankable projects that reduce carbon emissions in Peru. We are very excited about the results we will obtain at the end of this second phase, the projects are increasingly promising and we will do everything we can to help them access the financing they need.»
The eight projects selected for this second phase are:
2. RONAPReal-time digital connectivity to promote initiatives of forest valorization linking consumers, with a commitment to climate change, in order to make them participants in the conservation and recovery of forests, strengthening the relationship of producers/gatherers, their families and context with the biodiversity of Amazonian ecosystems.
3. Cartonorte EIRL: Replacing wooden crates from indiscriminate logging with biodegradable, recyclable cardboard boxes for transporting fruit harvested in the central jungle.
4. Kara Solar FoundationA consortium to promote solar-powered river transport. Kara Solar, the Ecuador-Peru Binational Plan and the Conservation Strategy Fund seek to massify this transportation and energy model in the Peruvian Amazon to promote sustainable development and create a concrete response to deforestation. We will focus on the implementation of technology, training, and financial tools.
5. SINBAsinba is a socio-environmental company and Certified B Company founded in Lima, Peru in 2016, whose purpose is to co-create a #sinbasura world, where nothing is left over and no one is left over. We recover organic waste and turn it into animal feed and fertilizers, in addition to recovering recyclable materials. Through the circular economy, we reduce GHG emissions from waste by 90% and provide low-carbon raw materials for local industries.
6. CYCLEWe increase the sustainability indicators of companies in the construction sector with 2 lines of business: the integrated management of construction waste (CDW) and the sale of eco-materials that we manufacture from the recycling of this waste.
7. Alto Mayo Agrarian Coffee CooperativeThe project consists of using coffee waste (husks) for the production and commercialization of organic fertilizers and coffee briquettes, as well as processing and commercializing soluble coffee with a new brand, located in the provinces of Moyobamba (San Martín and Jaén (Cajamarca).
8. Bioenergy Perú SACBioenergy is seeking financing to increase production capacity (CAPEX) by expanding its monthly production capacity from 2,500 MT to 4,000 MT through the acquisition of equipment, as well as increasing working capital to acquire larger volumes of raw materials.
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