ESI Program in MexicoMexico is implementing an ESI related instrument in cooperation with FIRA, a development bank with an agricultural and agro-industrial focus. The energy savings or energy generated by the project are covered by a technological guarantee offered by FIRA through a Clean Technology Fund (CTF) grant. The FIRA initiative differs from the ESI Model by not requiring a contract, neither involving an insurance company. The financing strategy combines medium and long-term loans with two risk mitigation instruments: technical validation of the projects, and the technological guarantee, that support the identification and structuring of bankable projects.
Financing and incentives
Projects that successfully complete the validation are eligible to the technological guarantee and have access to the FIRA line of credit, to finance the proposed investment, designed with special conditions, that include preferential rates, grace periods and extended tenure. Specific characteristics and conditions of the credit line are available at FIRA’s energy efficiency portal.
FIRA and the IDB provide incentives for investors and technology providers that develop projects utilizing the ESI related model, including:
- Validation of the projects at the expense of the Program.
- Specialized technical advice, at no cost to the supplier and investor, for the preparation of technical documents required by the validating entity.
- Support in the interaction with the financial intermediary for an expedited evaluation of the credit and eligibility for the technological guarantee.
- Preparation and dissemination of success cases in events and electronic platforms.
Incentives are subject to the availability of resources.
The validation of the project consists of two stages:
- Validation: An independent validator evaluates the supplier's technical proposal to the customer and indicates whether the project has the potential to achieve the promised energy savings or generation. The supplier must use a validation format developed by the Program, which has a methodological guide to provide assistance.
- Verification: At the end of the installation of the project equipment, the validator verifies on site that the project has been built according to specifications.
The annual energy savings or generation commitment is set by the supplier based on its experience and assessment on the field. The project baseline is established with standardized methodologies developed by the ESI Program based on ISO 50001 protocols and summarized in the validation form. The validator acts also as an arbitrator in case of any disagreement between customer and supplier in terms of energy savings or energy generated by the project. The validator's roles are defined in the contract and his decisions are binding for the parties.
To be eligible for the Program the supplier must complete this registration application.
Asociación de Normalización y Certificación A.C (ANCE) provides its services as a validator in Mexico.