IFC and Banco BHD sign financing agreement for up to $155 million to support renewable energy and sustainable projects in the Dominican Republic

Type: Financing · Technology: Solar · Country: Dominican Republic · Value: $155M · Announced: 2026-07-14

The International Finance Corporation (IFC), a member of the World Bank Group, and Banco BHD of the Dominican Republic have signed a financing agreement for up to $155 million. A portion of these funds will be allocated to distributed solar energy projects, renewable generation, and energy storage. The package includes two subordinated loans, one up to $75 million and another up to $50 million which aims to mobilize capital from other commercial investors. The long-term resources may also finance sustainable construction projects and activities related to blue finance, focusing on ocean, coastal, and water resource protection and sustainable use. The agreement also incorporates a line of up to $30 million under IFC's Global Trade Finance Program (GTFP) to support Banco BHD's foreign trade operations and facilitate imports and exports for Dominican companies. IFC will also provide advisory services to Banco BHD to align its green financing portfolio with the Dominican Republic's green taxonomy, developed with IFC's participation.

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