ESG & Climate Finance Archives - Page 17 of 36

Portland Private Equity announces launch of US$350 million Portland Caribbean Fund III; fund will make a series of social investments in the region
January 18, 2023
Portland Private Equity plans to use US$350 million in financing to make a series of social investments in the Caribbean under the Portland Caribbean Fund III. The third version of the fund will focus on investing in scalable regional businesses. Source: Jamaica Gleaner
The World Bank provides US$110 million in financing to support Barbados’s transition to low-carbon economic development and climate resilience
January 18, 2023
The World Bank approves US$110 million in financing for Barbados to support its low-carbon economic development and climate resilience. The loan has two main pillars, the first focusing on green and blue resilient development, including water reuse, adoption of climate change and agriculture policy, and the establishment of an Environmental Sustainability Fund, among other items. […]
The World Bank grants US$500 million green loan to Banco do Brasil
January 5, 2023
The World Bank has finalized a green loan of US$500 million to Banco do Brasil to enable the bank to offer more options to companies that are reducing their carbon footprint. Source: Latin Finance
Engie Energia Chile SA invests US$650 million in two renewable energy projects in Chile
January 5, 2023
Engie Energia Chile SA will invest US$450 million into the 342 MW Lomas de Taltal wind farm project and US$300 million into the 638-MWh Coya battery energy storage system (BESS) in Chile. Source: Renewables Now
Mexican real estate investment trust, Fibra Macquarie, receives sustainability-linked loan for US$150 million
December 22, 2022
Mexican real estate investment trust, Fibra Macquarie, has received US$150 million in sustainability linked financing. The first part of the financing is worth US$75 million and will be distributed over a four-year term loan. Then an equal amount in a three-year revolving credit line will be distributed. Source: Latin Finance
IDB approves a US$1 billion line of credit for investments boosting productivity and sustainable development in Chile
December 22, 2022
The IDB approved a line of credit for US$1 billion towards investment projects in Chile that will aid in boosting productivity and sustainable development. The first disbursement of the 25-year loan – US$400 million, was already authorized. Source: Latin Finance
CaribESG 2022 … It’s a wrap!
December 9, 2022
And … it’s a wrap! On behalf of the New Energy team and Title Sponsors Republic Bank and KPMG, thank you to everyone who joined the 2nd Caribbean ESG & Climate Financing Summit (CaribESG 2022). We were thrilled to welcome the market to Port of Spain to meet and interact face-to-face. From interactive panel discussions […]
Guyana signs historic agreement to sell US$750 million worth of carbon credits to the Hess Corporation
December 8, 2022
Guyana has signed a multi-year deal with the Hess Corporation to sell the US energy major high-quality carbon credits for US$750 million. A significant portion of the money from the deal will flow to indigenous communities. Source: Guyana Times
The IFC has granted a green loan of US$25 million to the Inter-American Finance Bank of Peru
December 8, 2022
The IFC has granted US$25 million to the Inter-American Finance Bank of Peru for green construction, energy efficiency and climate-smart agribusiness projects. Source: PV Magazine LATAM