# Fernando Alvarado

> Fernando Alvarado is a Costa Rican development investment banker and CEO of Deetken Impact Sustainable Energy. He founded H-REFF and CABEF, funds financing renewable energy and energy efficiency in Central America and the Caribbean, and co-chairs the Latin America and Caribbean Regional Committee of the Operating Principles for Impact Management.

- **Role:** CEO at Deetken Impact Sustainable Energy
- **Organizations:** Deetken Impact Sustainable Energy, Sustainable Energy Central America (SECA), Honduras Renewable Energy Financing Facility (H-REFF), Caribbean Basin Sustainable Energy Fund (CABEF), Operating Principles for Impact Management - Latin America and Caribbean Regional Committee
- **Nationality:** Costa Rican
- **Education:** MBA in Banking and Finance, cum laude, Universidad de Costa Rica
- **Known for:** Founded H-REFF and CABEF to finance sustainable energy projects and enterprises., His 2023 biography records participation in over 50 syndicated renewable energy credit and investment transactions exceeding US$250 million., CABEF received the 2023 CREF Best Climate Finance Program award; the CB Group project with Soléco received Best Commercial & Industrial Project.

## Career timeline

- **—** — Worked in banking for nine years before entering international renewable energy and energy efficiency investment.
- **—** — Consulted for the World Bank, IDB Lab, and Triodos Facet on financing mechanisms.
- **—** — Founded H-REFF and CABEF.
- **2019** — Led SECA as it partnered with Deetken Impact and rebranded as Deetken Impact Sustainable Energy.
- **2021** — DISE announced solar investments and financing milestones in Jamaica and Panama.
- **2023** — Accepted CREF recognition with colleagues and Soléco Energy for CABEF and the CB Group project.
- **2025** — Named co-chair of the Latin America and Caribbean Regional Committee of the Operating Principles for Impact Management.

## Achievements

- Founded H-REFF and CABEF to finance sustainable energy projects and enterprises.
- His 2023 biography records participation in over 50 syndicated renewable energy credit and investment transactions exceeding US$250 million.
- CABEF received the 2023 CREF Best Climate Finance Program award; the CB Group project with Soléco received Best Commercial & Industrial Project.
- In June 2025, he reported 16 fund investments across seven countries, representing 25 renewable generation projects with 310 MW aggregate capacity.

## Latest updates

- **2025-11** — Organizational context: Deetken Impact announced Canada’s CAD$106 million commitment to ICAF, a fund targeting USD$300 million; this announcement did not assign Alvarado a new personal role.
- **2025-06** — DISE announced his appointment as regional committee co-chair and reported completion of the investment period for CABEF and H-REFF, with a focus shifting to asset management and divestment.
- **2025-04** — Spoke on financing and insurance for renewable energy projects with storage at Future Energy Summit Central America & the Caribbean.

## Links

- Website: https://deetkenimpact.com/
- LinkedIn: https://www.linkedin.com/in/fernando-alvarado-12403044/
- Twitter/X: https://twitter.com/FA_Deetken

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Profile page: https://yespress.io/fernando-alvarado
Published by YesPress — https://yespress.io
Last updated: 2026-10-09