Barbados pushes for wind energy expansion with IFC partnership

May 31, 2024

The Government of Barbados is collaborating with the International Finance Corporation (IFC) to increase its onshore wind generation capacity, aiming to mitigate climate change impacts and diversify its energy mix while reducing long-term energy costs. Source: St. Vincent Times

Sygnus launches US$135 million Caribbean Community Resilience Fund (CCRF) in Jamaica

May 31, 2024

Sygnus launched a US$135 million Caribbean Community Resilience Fund (CCRF) in Jamaica last week. The CCRF is a 10-year impact investment fund with the possibility of two one-year extensions. It targets critical sectors such as renewable energy, blue economy, sustainable housing, ICT, transport, financial services, and climate-smart agriculture. Source: Jamaica Loop News

Banco do Brasil raises US$100 million with Natixis in triple sustainable repo deal

May 31, 2024

Banco do Brasil raised US$100 million through a triple sustainable repo with Natixis Corporate & Investment Banking. This deal is the first of its kind to combine three sustainable elements in a single transaction. The funds raised will support Banco do Brasil’s sustainability-linked debt framework, with a focus on refinancing its sustainable credit portfolio, particularly […]

CAF secured US$216 million credit line for climate mitigation and biodiversity projects

May 31, 2024

CAF secured a US$216 million green line of credit from its French counterpart, AFD. The funding will be used to finance biodiversity and climate adaptation projects in Latin America. Source: Latin Finance

Corfo incetivizes electrolysers in Chile

May 31, 2024

The Chilean government, through the agency Corfo, has announced a subsidy program offering up to US$10 million for the establishment of new electrolyser factories or assembly plants in the country. Source: Hydrogen Insight

Corfo launches two new green hydrogen initiatives in Chile

May 31, 2024

Corfo has introduced two initiatives aimed at accelerating the growth of the green hydrogen sector in the country. The first initiative involves launching a Call for Proposals (RFP) to encourage the manufacturing and assembly of electrolyzers and their components within Chile. The second initiative, scheduled for June, entails the opening of a tender to establish […]

CECSA inaugurates first hybrid power plants in El Salvador

May 31, 2024

CECSA, a subsidiary of the National Electrical Transmission Entity (ENTE), has unveiled the first two hybrid power plants in El Salvador, integrating hydroelectric and photovoltaic generation. Situated in San Matías and San Luis, these plants collectively supply 5.1 MW into the national grid. Source: PV Magazine LATAM

Chile initiates bidding process for energy storage projects

May 31, 2024

The Chilean Ministry of National Assets initiated a bidding process for leasing public land in northern Chile for standalone energy storage projects. Six sites across Tarapaca, Antofagasta, and Atacama regions are available, along with specific substations at each site. Source: Renewables Now

Acciona Energia develops 63.35 MW solar project in the DR

May 31, 2024

Acciona Energia, in partnership with Grupo Pais, is developing a 63.35 MW solar project in the Dominican Republic. The Pedro Corto plant, expected to be operational by the end of 2025, will generate 189.07 GWh annually. Source: Renewables Now