The Global Energy Alliance for People and Planet (GEAPP) and Renewable Energy for Latin America and Caribbean (RELAC) GEAPP team up to launch an initiative that supports RELAC’s goal of increasing renewable energy proportions in the Caribbean to 70% by 2030. Source: Renews Biz
The Argentine province Tierra del Fuego, the island nation located at the very tip of South America, is seeking US$6 billion in investments for wind farms and electrolyzers to begin hydrogen production and economic diversification. Source: Hydrogen Fuel News
The World Bank granted the Panamanian government a US$250 million loan to help fund healthcare, education, and social services programs. Source: Latin Finance
IDB Invest issued its fourth domestic bond in Paraguay to finance access to medium and long-term local currency loans to small and medium-sized enterprises in the country through Sudameris Bank S.A.E.C.A (Sudameris). Source: IDB Invest
Enel Green Power Chile is building five small-scale solar farms in Chile with their partner, IM2 Solar, for a total of 32.4 MW. In addition to the five plants underway, four are connected and two are in the permitting stage. Source: Renewables Now
Guyana will promote climate-resilient renewable energy sources as a part of the IDB’s energy matrix diversification. The IDB will provide the island with a non-reimbursable investment financing of up to US$83 million with funds from the Norwegian Agency for Development Cooperation. Source: Caribbean National Weekly
