ESG & Climate Finance Archives - Page 13 of 36

CIF approves a US$70 million plan to support grid flexibility for clean energy integration in Brazil
July 6, 2023
Climate Investment Funds (CIF) approved a US$70 million plan to improve the flexibility of Brazil’s electricity grid, which will make it easier to integrate more renewable energy into the system. The plan will also help to reduce emissions from the electricity sector. Source: Renewables Now
Grenergy Renovables secures green loan worth US$300 million to build 289 MW solar park in Chile
July 6, 2023
Spanish renewable energy company, Grenergy Renovables, secured a green loan worth US$300 million to fund the development of a 289 MW solar park in Chile.The loan was provided by a consortium of banks led by BBVA and includes a guarantee from the European Investment Bank (EIB). The solar park is expected to be operational in […]
The Caribbean Development Bank and IDB Invest have been selected as two of the recipients of the MDB Challenge Fund
July 6, 2023
The Caribbean Development Bank and IDB Invest are two of the six new recipients of the Multilateral Development Banks Challenge Fund (MDB Challenge Fund), a US$5.25 million fund launched by the Gates Foundation, Open Society Foundations, and The Rockefeller Foundation. The Caribbean Development Bank will use its grant to develop a new risk mitigation instrument […]
Brazil’s Vale backs local carbon market regulation
June 23, 2023
Brazil’s iron ore mining giant, Vale, showed support for local carbon market regulation, and voluntary private sector initiatives to accelerate the industry’s decarbonization. Source: BNAmericas
The EU launches a US$243 million green hydrogen fund in Chile
June 23, 2023
The European Commission launched a US$243 million green hydrogen fund initiative in Chile that includes a technical assistance program with a budget of US$4.4 million from the EU and the German Federal Ministry of Economics and Climate Protection. There is also a fund of around US$237 million, which will provide financing for renewable hydrogen production […]
Brazil and the UAE partner to explore renewable energy projects, plus green hydrogen opportunities
June 23, 2023
Brazil and the UAE have partnered to explore the development of renewable energy projects, as well as green hydrogen production, biofuels, energy conversion, and decarbonization technologies. Source: Renewables Now
EU to invest US$2.2 billion into Brazil’s green hydrogen production
June 23, 2023
The European Commission will invest US$2.2 billion to support the production of green hydrogen and promote energy efficiency in Brazil. Source: Renewables Now
Solek Holding raises US$379 million to fund its solar PV portfolio in Chile
June 8, 2023
Solek Holding raised around US$178 million from a 20 year bond issuance, and around US$200 million from other forms of borrowing to finance its solar PV portfolio in Chile. Currently, the company has around 284 MW of utility scale and distributed generation solar in the country. Source: Renewables Now
Engie Brasil Energia SA sells off its last coal-fired plant in Brazil
June 8, 2023
Engie Brasil Energia SA sells its 345 MW coal-fired plant for US$89 million. This was the last of its coal fired plants in Brazil. Source: Renewables Now