ESG & Climate Finance Archives - Page 30 of 36

CAF announces shareholder approval for a capital increase of USD 7 billion
March 15, 2022
CAF Development Bank of Latin America announced the approval by shareholders for a capital increase of $7 billion, which will double the organization’s portfolio. The shareholders also approved the incorporation of the Dominican Republic and El Salvador as full members. Source: CAF
Isagén raises USD 94 million from bond placement for non-conventional renewable energy expansion
March 8, 2022
Isagén, the Colombian power company successfully raised US $94 million through a placement of ordinary bonds. The funds will be deployed for hydropower and non-conventional renewable energy expansion. Source: BN Americas
Guyana shifts towards a low carbon transportation infrastructure to reduce the demand for imported fossil fuels
February 26, 2022
Guyana shifts towards a low carbon transportation infrastructure to reduce the demand for imported fossil fuels and plans to install fast-charging stations for electric vehicles in three regions beginning in 2022. Source: Caribbean Loop News
Atlas Renewable Energy secures USD 76 million loan to construct solar plant in Brazil
February 26, 2022
Global renewable energy generator, Atlas Renewable Energy, secured a $76 million loan to construct the Lar do Sol – Casablanca II solar plant in Minas Gerais. The funding came from Brazil’s Northeastern Bank’s Northeastern Constitutional Financing Fund. The plant will have an installed capacity of 239 MWp. Source: Energy Digital
Barbados Prime Minister proposes Regional Renewable Energy Fund
February 26, 2022
The Prime Minister of Barbados, Mia Mottley, proposed the establishment of a regional renewable energy fund to finance the transition towards net zero. Mottley called for at least 10% of net revenues from new energy exporters in the Caribbean region. Source: Stabroek News
IFC Adds Eastern Caribbean Central Bank to its Sustainable Banking and Financing Network
February 15, 2022
The International Finance Corporation (IFC) added the Eastern Caribbean Central Bank (ECCB) as a new member of the IFC-facilitated Sustainable Banking and Finance Network (SBFN). The ECCB is the first organization in the SBFN from the English-speaking Caribbean. Source: Market Screener
Quaise Energy Raises USD 63 Million For New Geothermal Drilling Technology
February 11, 2022
The geothermal start-up Quaise Energy has raised $63 million to deploy a new drilling technology to unleash the earth’s hardest-to-reach heat resources. Safar Partners, Prelude Ventures, the Engine, and other investors provided $40 million. The U.S. Department of Energy’s Advanced Research Projects Agency-Energy (ARPA-E) provided a grant of $5 million. Source: Canary Media
YPF Luz Issued USD 63.9 million in Green Bonds to Finance Solar Project
February 10, 2022
The Argentinian power manufacturer YPF Luz issued $63.9 million in green bonds to finance its first solar project, a 100-MW solar farm in the San Juan province of Argentina. Source: List.Solar RenewablesNow
Celeo Redes Brasil and Quinta Solar Energia to Develop 1.1 GW Solar PV Plant in Brazil
February 10, 2022
Power company, Celeo Redes Brasil and Solar Firm, Quinta Solar Energia will develop a 1.1 GW Solar PV plant in Piaui, Brazil. The development of the plant will cost around $832 million and includes 22 solar farms, each with a capacity of 50 MW. Source: List.Solar RenewablesNow