IDB Invest committed USD 24 million to Soleco Energy (Jamaica) Limited to develop solar photovoltaic plants in Jamaica. The financing will come from a Senior A Loan and other blended finance sources, like the Clean Technology Fund. Source: Soleco Energy
Mexico’s Federal Electricity Commission (CFE) announces plans for a pilot project for green hydrogen production, to be powered by PV plant in Baja California. Source: Energia Debate (In Spanish)
BMR Energy uses USD 88 million loan from CIBC FirstCaribbean International Bank and National Commercial Bank Jamaica Limited (NCB) to refinance the debt from its wind and solar photovoltaic independent power producers (IPP) in Jamaica, Grand Cayman, and Guatemala. Source: Jamaica Observer
InterEnergy Group is refinancing its combined wind and solar PMGD portfolio in Chile, worth USD 48.2 million through the private placement of bonds. Source: InterEnergy
ACCIONA Energía closes a competitive, long-term placement of a EUR 500 million ten-year green bond issuance, with nearly 80% of the bonds allocated to sustainability-focused investors. Source: ACCIONA
Panama leads in the hydrogen energy transition in Central America as it shifts toward becoming a hub for green hydrogen production and distribution. The Secretary of Energy in Panama recently released a Green Hydrogen Roadmap positioning Panama as a key player in the future of the hydrogen market. Source: Energia Estrategica (In Spanish)
Latin America is estimated to be the world’s largest developing issuer of new ESG debt. BNP Paribas SA, one of the largest underwriters of ESG (Environmental, Social and Governance)-linked bonds, projects USD 880 billion in green bond sales worldwide, including USD 265 billion from emerging markets in 2022. Around 40% of all Latin American bond […]
After Chinese oil and gas company Sinopec announced the development of a massive green hydrogen facility that will produce about 20,000 tons of green hydrogen per year, Chile announced a larger green hydrogen project, H2 Magallanes. Chile predicts the project will produce around 888,000 tons per year. Source: Hydrogen Fuel News
Grupo Energético 23 and STOA S.A. (STOA) partner on a deal for STOA to invest in the expansion of the Poseidón Energía Renovable, S.A. 100MW Los Guzmancito wind farm project in the Dominican Republic. The first phase, commissioned in 2019, consisted of 16 Vestas turbines. The new investment by STOA includes a USD 128 million […]