Although FASERTe, the Fund for Sustainable Access to Renewable Energy and Efficient Technologies (Fondo de Acceso Sostenible a Energía Renovable y Tecnologías Eficientes) is not a component implemented by Endev, it is the result of a strategic alliance implemented by the Inter-American Institute for Cooperation on Agriculture - IICA, and is funded and advised by EnDev in Bolivia.
FASERTe’s purpose is to contribute to poverty reduction, encouraging economic growth in Bolivia’s rural and peri-urban areas, through the development of modern small-scale renewable energy solutions (thermal and electrical energy). By acting as a catalyst, it seeks to create clean and sustainable local energy markets, encouraging active participation by local entrepreneurs and communities in general, while also stimulating productive uses of energy.
The Fund’s general objective is: “To strengthen the technology chain in Renewable Energy and Energy Efficient Technologies (TERe -Tecnologías en Energía Renovable eficientes) in Bolivia”.