MÉRIDA, Mexico – U.S. Trade and Development Agency Regional Director Nathan Younge chaired the “Financing Energy Projects and Promoting Private Investment” roundtable as part of the Second Ministerial Meeting of the Energy and Climate Partnership of the Americas (ECPA) that began Monday in Mérida, Mexico. U.S. Secretary of Energy Dr. Ernest Moniz is leading the U.S. government delegation to the EPCA Ministerial Meeting. As chair of the Finance roundtable, Mr. Younge facilitated a discussion of key issues and challenges for attracting financing and investment capital to the region.
“USTDA’s participation in the Finance roundtable at the ECPA Ministerial builds upon the Agency’s extensive support for energy infrastructure projects in Latin America and the Caribbean,” said Regional Director Younge. “The Ministerial provided a venue for USTDA to explore new opportunities for collaboration with respect to a variety of clean energy technologies and highlight the importance of utilizing early project planning tools such as feasibility studies, technical assistance and technology pilots in the development of such projects.”
The ECPA meeting follows President Obama’s announcement last month of the Clean Energy Finance Facility for the Caribbean and Central America. The $20 million facility will draw upon the expertise of the USTDA, among other U.S. government agencies, to catalyze increased investment in clean energy projects in the region.