IDB Invest Supports Energy Efficiency in Barbados Through Caribbean LED Lighting Inc.


Photo by Little Visuals on

ENERGIA LIMPIA XXI. IDB Invest, a member of the IDB Group, approved a revolving credit facility of up to US$2 million to Caribbean LED Lighting Inc. (CLL) in Barbados. The facility will be used to expand the company’s operations within the Caribbean region and to finance its working capital needs.

This is the first transaction for IDB Invest in Barbados and reinforces IDB Invest’s commitment to supporting innovative and sustainable solutions in the Caribbean region, which is especially relevant as the country addresses COVID-19. Energía Limpia XXI reports that this new credit facility will facilitate access to finance for the private sector, reduce Barbados’ dependence on fossil fuels and promote private sector engagement that encourages greater productivity and resilient infrastructure investment.

Through this financing, the company is expected to increase the number of LED streetlights installed in the CARICOM region, and reduce streetlight energy…

View original post 422 more words

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s