USAID Mobilized Investment Tops $1.6 billion
As of March 31, 2019, USAID ICED II advisory services to 59 projects resulted in $1.6 billion in financing and 437.5 MW of installed generation capacity. Of the total investment, 68.5% came through advisory to PLN, 23.3% to financial institutions, and 8.2% to project developers. An additional 321 MW of the projects that reached financial closure are expected to be installed by year 2020-2021. The 437.5 MW of installed capacity will meet the needs of an estimated 3.3 million customers. USAID ICED II will conclude its technical assistance by end of June 2020.