FinDev Canada invests $56M in Energía Renovable La Joya S.A.

FinDev Canada has committed $56 million to Energía Renovable La Joya S.A., a subsidiary of Enhol Energía, to support the development of a 396 MW solar photovoltaic power plant in Peru. The project, known as Project Illa, aims to increase the national energy supply and reduce greenhouse gas emissions. FinDev Canada's investment is part of a $289 million facility led by Santander CIB. The project is expected to create economic opportunities for local communities and support Peru's goal of achieving net zero greenhouse gas emissions by 2050.