|In November 2015, United Nations Development Program (UNDP) of Honduras contracted Alfredo Caprile as an Independent Consultant to perform the Final Evaluation (TE) of the Project named “Accelerating renewable energy investments through the Central American Bank for Economic Integration (CABEI) in Central America (ARECA)”. The Project started in May 2007 and its completion date is now set for June 2016, having been extended from the original completion date of May 2012. The overall objective of ARECA is to accelerate investments in small and medium sized renewable energy projects (SMREPs) - under 10 MW- by strengthening the ability of the CABEI to play a catalytic role in this important sector. The Project is based on a regional approach, involving Guatemala, El Salvador, Honduras, Nicaragua, Costa Rica and Panama. The specific objective of this Project is the removal of financial barriers that currently impede the large-scale development of renewable energy (RE) projects in Central America.