ESG & Climate Finance Archives - Page 6 of 36

Argentina launches energy efficiency program with credit lines for energy-efficient technologies
August 15, 2024
Argentina’s Energy Secretariat has launched the “Energy Efficiency and Reconversion Program” to promote energy efficiency in homes and businesses. The program, developed in collaboration with Banco de la Nación Argentina (BNA), offers credit lines for the purchase of energy-efficient technologies, including appliances, photovoltaic panels, and solar water heaters. Source: PV Magazine LATAM
DOE loan guarantee to finance Puerto Rico’s largest solar and battery storage project
August 1, 2024
The U.S. Department of Energy has announced an US$861 million loan guarantee to finance 200 MW of solar and 285 MW of grid storage in Puerto Rico. This initiative will support the construction of two solar farms and two stand-alone battery storage systems on the island’s southern coast. The project is led by Flexible Energy […]
IDB Invest considers equity investment in Caribbean community resilience fund
July 19, 2024
IDB Invest is considering an equity investment of up to US$5 million in the Caribbean Community Resilience Fund (CCRF), managed by Sygnus Capital Ltd. The fund targets US$100 million to US$135 million and aims to enhance economic resilience and support climate projects in the Caribbean. Source: IDB Invest
IDB Invest launches first private sector bond to boost sustainable development in the Amazon
July 5, 2024
IDB Invest launched its first private sector bond to support green and social projects in the Amazon. The five-year, US$8.7 million bond aims to foster economic opportunities while protecting the rainforest. Source: IDB Invest
Genneia raises US$60 million in green bond offering
July 5, 2024
Argentine power company Genneia successfully raised US$60 million through a dollar-linked green bond on the domestic market. Source: Renewables Now
World Bank and HSBC to launch US$200 million bond for Amazon reforestation
June 19, 2024
The World Bank, through its IBRD arm, has tasked HSBC with structuring a US$200 million principal-protected bond focused on reforestation in the Brazilian Amazon. Source: The World Bank
World Bank approves US$250 million for Chile’s sustainable water management program
June 19, 2024
The World Bank has approved a US$250 million project to support Chile’s Just Water Transition program. This initiative, managed by the Ministry of Public Works in collaboration with the Ministry of Environment, aims to enhance sustainable and equitable water resource management. Source: The World Bank
CIBC Caribbean and IDB Invest sign MoU for sustainable development across the Caribbean
June 19, 2024
CIBC Caribbean and IDB Invest signed an MoU to advance sustainable development across the Caribbean. The MoU established a framework of cooperation between the financial institutions and will focus on fostering the growth of SME’s, while also focusing on GDI efforts, promoting renewable energy and energy efficiency, and boosting digitalization across the region. Source: Business […]
Sygnus launches US$135 million Caribbean Community Resilience Fund (CCRF) in Jamaica
May 31, 2024
Sygnus launched a US$135 million Caribbean Community Resilience Fund (CCRF) in Jamaica last week. The CCRF is a 10-year impact investment fund with the possibility of two one-year extensions. It targets critical sectors such as renewable energy, blue economy, sustainable housing, ICT, transport, financial services, and climate-smart agriculture. Source: Jamaica Loop News