ESG & Climate Finance Archives - Page 31 of 36

Shell and Gerdau Sign 50-50 Joint Venture to Develop Solar Farm in Minas Gerais
February 10, 2022
Shell, the oil and gas behemoth, and Gerdau, the Brazilian steelmaker, agreed to team up on a 50-50 joint venture to develop a solar farm in Minas Gerais, Brazil. The solar farm will have an installed capacity of about 260 MW. 50% of the power will supply Gerdau’s steelmaking units in Brazil, while Shell plans […]
The State of Ceará and Cactus Energia Verde Sign Agreement for USD 5.71 Billon Green Hydrogen Plant
February 10, 2022
The State of Ceará in Brazil signed a memorandum with Cactus Energia Verde, a Brazilian energy company, to develop a $5.71 billion green hydrogen plant in the port of Pecém. The project will use 3.6 GW of clean energy for production from the Uruquê PV solar park (2.4 GW) and the offshore wind farm, Umari […]
U.S. Commits USD 12 Billion to Puerto Rico’s Energy Sector
February 2, 2022
The Biden Administration commits USD 12 billion in federal aid for Puerto Rico’s energy sector to strengthen the outdated electric grid. The US Departments of Energy, Homeland Security, and Housing and Urban Development will sign an agreement to ensure the alignment of federal investments with local policies – with all eyes on the goal of […]
CDB Proposes “Financing Ecosystem” to Support its BMC Economies
February 2, 2022
The Caribbean Development Bank (CDB) considers launching a “financing ecosystem” to support its Borrowing Member Countries (BMCs) economies. The proposal includes SDR-funded resilience bonds for climate financing and other green bonds designed to meet specific Sustainable Development Goals (SDGs). Source: Market Screener
Total Eren Commissions 92 MW Terra Santa and 67.5 MW Maral Wind Farms in Brazil
February 2, 2022
Total Eren, an IPP based in Paris, commissioned the Terra Santa and Maral wind farms in Rio Grande do Norte, Brazil. Both wind farms hold a 20-year PPA with the power generator, Cemig GT, and have a total investment of USD 154 million. Together, they will generate 730 GWh per year. Source: Total Eren
IFC Loans USD 60 Million to BBVA Peru for Green Building Finance Market
February 2, 2022
The International Finance Corporation (IFC) allocated USD 60 million in loans to BBVA Peru to support the launch of a financing market for green buildings in Peru. The loan is IFC’s first green project investment in Peru, supported by the Market Accelerator for Green Construction (MAGC) program. Source: LATAM Green (ES) Source: IFC (EN)
CAF Issues USD 382 Million Green Bond
February 2, 2022
The Development Bank of Latin America (CAF) issued a green bond in the Swiss market, equivalent to USD 382 million. The funds will be allocated towards clean-mass-transportation projects, renewable energy, and biodiversity protection. Source: LATAM Green (ES) Source: Atalayar (EN)
Brazil Establishes Guidelines for Offshore Wind Development
February 2, 2022
The Brazilian government established new guidelines for the installation of offshore wind projects. The parameters assign the use of physical spaces and determine the best ways to utilize natural resources for offshore wind energy generation. Source: Upstream Online
IMF Reduces 2022 Economic Growth Estimate for Latin America and the Caribbean
February 1, 2022
The International Monetary Fund (IMF) lowered its 2022 economic growth forecast for Brazil and Mexico, the two largest economies in Latin America, by 1.2 percentage points each. The estimate for the entirety of Latin America and the Caribbean was also lowered by 0.6 percentage points to 2.4%, although Argentina is estimated to have a 0.5 […]