News
11 June 2018
NIB agrees $50m green project loan to Mexico's Bancomext
In:
Renewable energy
Region:
Americas, Europe
Mexican development bank Bancomext has agreed a line of credit of up to $50 million from the Nordic Investment Bank in order to finance clean energy and energy efficiency projects.
The agreement will also improve economic and trade cooperation between Mexico and the eight countries - Denmark, Finland, Iceland, Norway, Sweden, Estonia, Lithuania and Latvia - which make up the NIB.
Mexico is seeking for 43% of its electricity to come from clean sources by 2024.
