ESG & Climate Finance Archives - Page 4 of 36

Enel to invest US$40 billion in grid and renewable energy over next three years
November 21, 2024
Enel SpA, Italy’s utility giant, plans to invest US$40.05 billion in its grid and renewables energy businesses between 2025 and 2027, focusing on core activities and regulated assets with predictable returns. About 75% of the total investment will be directed toward Enel’s European operations, while the remaining 25% will go to its Latin and North […]
EIB and CDB launch US$109.4 million initiative to improve water management and protect Caribbean oceans
November 7, 2024
The European Investment Bank (EIB) and the Caribbean Development Bank (CDB) have launched a US$109.4 million initiative to enhance water supply management and protect the ocean ecosystem across the Caribbean. The funding will support projects aimed at improving clean water access, wastewater treatment, solid waste collection, and flood prevention, while also addressing climate change impacts […]
Enel Colombia to invest nearly US$2.1 billion in Colombia’s energy transition
November 7, 2024
Enel Colombia will invest nearly US$2.1 billion in the coming years to support Colombia’s energy transition. During discussions of the investment, Colombian President Gustavo Petro and Enel executives emphasized the commitment to a clean and secure energy supply for the country. Source: PV Magazine LATAM
Ecuador approves law to promote renewable energy to address ongoing energy crisis
November 7, 2024
Ecuador’s National Assembly has approved the Organic Law Project to Promote Private Initiative in Energy Generation, aimed at addressing the ongoing energy crisis by encouraging renewable energy solutions and private investment. Source: PV Magazine LATAM
BNDES approves US$6.6 million loan to boost biomethane production
November 7, 2024
The Brazilian Development Bank (BNDES) has approved a loan of US$6.6 million to expand biomethane and biogas production at Geo Biogas&Carbon’s Tamboara facility in Parana. Once the project is complete, most of the biogas will be converted to biomethane for additional energy generation. Source: Renewables Now
Growing investment in voluntary carbon credits in Latin America
November 7, 2024
The voluntary carbon credit market is seeing growing investment, especially in developing countries like Colombia, Mexico, and Peru. These nations are amongst the top five leaders in carbon regulation and are actively engaging with international frameworks, including Article 6 of the Paris Agreement, to facilitate emissions credit trading. Colombia, in particular, stands out with its […]
Enel Colombia secures US$300 million financing for solar projects and grid updates
October 24, 2024
Enel Colombia has secured US$300 million in debt financing from the European Investment Bank (EIB) to support the construction of approximately 486 MW of solar parks and for grid updates to enhance grid resilience. Source: Renewables Now
Colombia unveils a US$40 billion financing plan to transition to a low-carbon economy
October 10, 2024
Colombia has unveiled a US$40 billion financing plan aimed at reducing its reliance on fossil fuels and promoting a low-carbon economy. This initiative includes projects focused on sustainable tourism, low-carbon industries, and the electrification of transportation, marking a significant step toward decarbonization. Source: Energy News
IDB Invest structures US$2.4 billion facility to support Chile’s power generation sector, marking record mobilization of private resources
October 10, 2024
IDB Invest had structured a US$2.4 billion facility to support Chile’s power generation sector. This initiative represents the largest mobilization of private resources in IDB Invest’s history and aims to ensure financial stability for power companies and a controlled transition to market prices, benefiting vulnerable consumers. Source: IDB Invest