BRDE supports renewable energy projects in Brazil’s Parana State with a US$3.8 million credit line

February 15, 2024

Brazil’s Regional Bank for the Development of the Far South, or BRDE has approved a US$3.8 million credit line to bolster renewable energy initiatives in the Cornelio Procopio municipality, Parana state. Initially, the funds will be allocated to installing solar panels on public buildings, aiming to slash electricity costs. Source: Renewables Now

Grenergy Renovables SA commits to net zero by 2040

February 15, 2024

Grenergy Renovables SA has approved a net-zero strategy, targeting carbon neutrality by 2040. The plan involves reducing greenhouse gas emissions across all scopes and transitioning to 100% renewable electricity consumption in projects. Source: Renewables Now 

IDB and JICA agree additional US$1bn for Cooperation for Economic Recovery and Social Inclusion (CORE) program

February 15, 2024

The Inter-American Development Bank Group (IDB Group) and the Japan International Cooperation Agency (JICA) have decided to boost co-financing under the Cooperation for Economic Recovery and Social Inclusion (CORE) program, benefiting Caribbean countries. The US$1 billion increase will expand the programme’s funding to US$4 billion and extends its period until December 2028. Source: Jamaica Gleaner

IDB Invest and JPS sign US$100 million deal to upgrade Jamaica’s power infrastructure

February 15, 2024

IDB Invest and Jamaica Public Service Company Limited (JPS) have signed a US$100 million financing deal aimed at bolstering JPS’ capital investment program. This funding will aid in modernizing Jamaica’s electricity grid and enhancing electricity access across the country. CIBC Caribbean joined as a co-arranger, mobilizing an additional US$50 million for the initiative. Source: IDB […]

CAF achieves record-breaking bond placement in European market

February 15, 2024

CAF, the Development Bank of Latin America and the Caribbean, recently completed its largest bond placement in Europe, issuing a benchmark EUR1.5 billion with a 6 year term. Source: CAF

Announcing CREF+ Focus Sessions on April 24th

February 14, 2024

Taking place on April 24th before CREF opens its main stage, CREF+ Focus Sessions enable a deeper dive into key themes and markets, as well as highly focused networking opportunities. CREF+ Focus Sessions include: 2nd annual Hydrogen Summit for the Caribbean (H2-Caribbean 2024) Dominican Republic Focus Session: Region-Leading Clean Energy Revolution Caribbean Project Preparation Focus […]

It’s CREF Industry Awards nomination time!

February 14, 2024

We are excited to share that nominations for the 2024 CREF Industry Awards – our sixth annual – are open. What does it take to be selected from the applications the CREF Advisory Committee receives? We’re seeking projects, programs and people who are actively striving to address and progress the regional energy transition. Take a […]

Dominican Republic launches bid for 22 MW solar park

February 1, 2024

Dominican Republic state hydroelectric company, Egehid began the bidding process to develop a US$17 million solar project in San Juan. The call is for engineering, procurement, and development of a 22 MW solar park. They also launched new wind project tenders. Applications are due mid-March. Source: BNAmericas

Jamaica Inn takes step towards carbon neutrality with new solar power addition

February 1, 2024

Jamaica Inn in Ocho Rios, St Ann, is making strides towards achieving carbon neutrality by 2026 by adding a 53-kilowatt photovoltaic solar panel plant to its environmental initiatives. The resort’s commitment to sustainable practices is part of its broader ESG program. Source: Jamaican Gleaner