our Renewable Energy and Energy efficiency Booklet

Giving Power to our People
Renewable Energy and Energy Efficiency Financing
Development Finance
Corporation
The Development Finance Corporation in collaboration with the Caribbean
Development Bank (CDB) and the Ministry of Energy, Science, Technology
and Public Utilities (MESTPU) is providing BZD $2 Million in loan financing
for Businesses to invest in Renewable Energy and Energy Efficiency
technologies. Such investments help businesses save money and increase
competitiveness by reducing long-term operational costs. Businesses will
also be able to access the technical support needed to assess energy
consumption costs and savings generated from RE/EE investments.
| What is?
RENEWABLE ENERGY - Energy that is collected from resources which are replenished on a human timescale, such as
sunlight, wind, tides, waves, and geothermal heat.
ENERGY EFFICIENCY - Reducing the amount of energy required to provide products and services by adopting a more
efficient technology or production process resulting in financial cost savings to businesses and consumers.
| DFC RE/EE Financing – An investment that pays for itself.
6%
Interest
• UP TO $200,000 PER PROJECT
• FOR RE/EE UPGRADES AND INSTALLATION
FREE TECHNICAL ASSISTANCE
• Walk-Through assessment for 25 Businesses
• FREE Energy Audits for 5 DFC Businesses
• Project Design
• Business Plan Preparation
Courtesy: Solar Energy Business Solutions.
| Business Benefits
COST SAVINGS
Investment pays for itself by reducing costs over the long term.
Courtesy: Solar Energy Business Solutions.
MORE COMPETITIVE
Better prices from reduced cost of operation.
MORE ATTRACTIVE
Climate conscious customers support Climate conscious businesses.
SAVE TIME & MONEY
Mitigate future problems and associated costs.
| Target Sectors
TOURISM I AGRICULTURE I MANUFACTURING I AGRO-PROCESSING
BUSINESS SERVICES I RESIDENTIAL [ APARTMENTS ]
| Eligibility
| Loan Terms & Conditions
• INTEREST RATE NOT TO EXCEED 6 PER CENT.
• PAYBACK PERIOD DETERMINED BY ENERGY AUDIT BUT NOT TO
EXCEED 6 YEARS.
• GRACE PERIOD DEPENDENT ON IMPLEMENTATION BUT NOT TO EXCEED 1 YEAR.
• DEBT SERVICING THROUGH SAVINGS GENERATED BY THE
RE/EE TECHNOLOGY.
Courtesy: Solar Energy Business Solutions.
• BELIZEAN CITIZENS/RESIDENTS, LEGAL ENTITIES WITH BELIZEAN MAJORITY SHAREHOLDINGS
• CREDIT WORTHY
• MINIMUM 20% EQUITY CONTRIBUTION
• FINANCIALLY VIABLE OPERATIONS
| Eligible Investments
SOLAR POWER
WIND POWER
SOLAR WATER HEATING
ALTERNATIVE FUELS
Solar power can supply your
business’ daily energy needs.
Energy for your business
can also be generated from
wind with the use of small,
adaptable wind turbines.
Heating via electrical sources
is energy intensive.
Agricultural
and
livestock
operations can, cost-effectively
source fuels for production,
lighting, cooking and combustion
by investing in Bio-digesters
(BioGas) and Bio-fuels (ethanol,
bagasse, wood pellets).
There are several companies
in Belize that offer solar panel
installation and maintenance
services.
This is great for businesses
located near shoreline, cayes
or for Agricultural application.
Reduce the high cost of
water heating for your hotel
or business by investing in
Solar water heating systems.
| Eligible Investments
LED LIGHTING
AIR COOLING
REFRIGERATION
DRYING
Light-Emitting Diodes (LEDs)
is the most energy efficient
lighting now available.
Invest in the most energy
efficient Air Conditioning
units and save your business
money.
Did you know that there are
Freezers and Refrigerators
which are completely solar
powered?
A rating of 21 *SEER would
cut your air cooling cost by
50% over a 10 SEER rating.
You can invest in those or
super-efficient units with
high efficiency ratings.
Heat pump clothes dryers
and gas based dryers are the
most efficient. Heat pump
recovers heat produced and
gas dryers use butane.
It is 85% and 10% more
efficient than Incandescent
light bulbs and florescent
light bulbs, respectively.
*Seasonal Energy Efficiency Rating
Also look for high efficiency
Energy Star ratings.
| Eligible Investments
LOW FLOW
AERATION
High Efficiency, Low Flow
toilets and Dual Flush toilets
can save your business and
home HUGE water savings.
Investing in low flow faucets
and showerheads throughout
your business and home can
cut your water consumption
by 50%!
They reduce flush water
from 5 Gal. to 1.2 Gal. and 3
liters per flush, respectively.
Air is introduced into the flow
cutting water pour by 50%.
WATER CATCHMENT &
RECYCLING
BUILDING ENVELOPES
Harness the free supply
of rain water and save big!
Keep the cool in and the
heat out.
Water
catchment
and
recycling
systems
are
excellent for supplying, the
needs of buildings, homes,
agriculture and industry.
Reduce your energy costs by
investing in ‘Cool Roofing,’
insulated windows, door
sealants,
air
curtains,
occupancy sensors + more!
| Global Warming
A gradual increase in the average temperatures of the earth’s atmosphere and its oceans caused by increasing greenhouse
gases in the atmosphere, trapping the sun’s heat and causing the planet to warm up.
| Climate Change
A change in global or regional climate patterns, in particular a change apparent from the mid to late 20th century onwards
and attributed largely to the increase levels of atmospheric carbon dioxide produced by the use of fossil fuels.
| Impact on Belize
By 2100, Belize’s population is projected to reach 1 million, increasing demand of our natural resources, three fold.
TOURISM - Coral bleaching and damage to our marine ecosystem will result in loss of revenue.
FISHERIES - Warming seas cause fishes to migrate, reducing catch and increasing Industry costs.
WATER SUPPLY & SECURITY - Fresh water salination and increase droughts from changing weather patterns.
AGRICULTURE/FOOD SECURITY - Reduced crop yields and food production.
FORESTRY - Loss of forest, soil-nutrient leeching/ erosion and pest outbreaks.
HEALTH - Greater difficulty in controlling vector born deceases due to weather fluctuations.
DEVELOPMENT - Resource allocation challenges - Less resources + increase demand.
DISTANT FUTURE
196 ft. Sea Level Rise
Present
YEAR 2100
6 ft. Sea Level Rise
YEAR 2300
29.5 ft. Sea Level Rise
• By 2100, temperatures are expected to increase by 5 degrees and sea level rise by 6 feet. (Business as usual scenario)
• 95% of the world’s energy still comes from ‘extinct’ fuel. If we burn it all, we melt it all. Sea level would rise 196 feet.
• Belize: 39.1% of energy was sourced from RE in 2014. - GOB’s goal is to source 89% from RE sources by 2032.
Watch how sea level rise impacts cities around the world: www.geology.com/sea-level-rise
Development Finance
Corporation
P.O. Box 40
Bliss Parade
City of Belmopan
T. 822 2360, 822-2350
F. 822 3096
[email protected]
www.dfcbelize.org
Endorsed By:
Cover Photo Courtesy: Solar Energy Business.