By: Racquel Moses, CEO, Caribbean Climate Smart Accelerator The Caribbean is responsible for a negligible share of global carbon emissions, yet finds itself at the forefront of climate change impacts. Adapting to these challenges means reducing the amount of carbon emissions emitted within the region and creating a sustainable economic model that values our environment […]
In what Prime Minister Mia Mottley has described as a game-changing transaction, Barbados has announced a $150m debt-for-nature swap. Managed by Credit Suisse and CIBC FirstCaribbean, the deal will free up about US$50 million in the next 15 years by buying back a portion of its US$531 million bond due in 2029. They are replacing […]
Minera Centinela in Chile is in the process of testing a stationary prototype of a hydrogen power train. They plan to develop and validate the technology needed to replace the use of diesel in mining trucks. Source: BNAmericas
The Uruguayan government will distribute up to US$10 million to more than one green hydrogen project with the aim of promoting green hydrogen development in the country. So far nine projects remain in the running. Source: BloombergLinea
Argentine state-owned energy company, YPF Luz, signed a deal with EPSE to develop 500 MW of solar PV projects in the country. Source: Renewables Now
Solarpack, the Spanish solar power developer, signed a 20-year concession agreement with Ecuador’s power and mining ministry for the 200 MW El Aromo solar farm project. The total investment for the development of project is around US$145 million. Source: Renewables Now
Mexico’s national power company, CFE, is proritizing investment in geothermal. Geothermal projects are slated to receive about US$75.2 million in investments in 2023. Source: Think Geo Energy
The IDB has increased its latest sale of sustainable bonds to US$3 billion after investors placed around US$3.7 billion in orders. Source: Latin Finance
Jujuy, the Argentine province, is looking to procure financing from the Export-Import Bank of China to expand its 300 MW Cauchari solar farm. Source: Latin Finance