The announcement was made at the European Union (EU) - Community of Latin America and Caribbean States (CELAC) Business Summit, according to European Parliament.
The support includes an investment grant of €15 million for the Geothermal Development Facility Latin America which focuses on the development of geothermal energy in Latin America and a contribution for an energy project for the Eastern Caribbean (€4.25 million of EU grant funding) giving technical assistance and investment in energy efficiency and renewable energy.
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