The International Finance Corporation (IFC), part of World Bank Group, helped Government of Belize to find a private investor to build a large solar plant. IFC will manage the process to select an operator for a 50-80 MW plant by 2027. The project aims to make electricity more affordable for 20,000 households and businesses while improving energy security. This was Belize’s first public-private partnership (PPP) in energy. The project is part of Belize's effort to increase renewable energy generation capacity by 75% by 2030.As Belize relies on imported electricity and fossil fuels, causing unstable prices and higher costs. The project aims to lower energy import costs and improve supply. The World Bank also supports a 40 MW battery storage system for solar energy. Japan funds expert support and planning. It aims to expand energy access with minimal cost to Belize.