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…
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