Caribbean ESG - New Energy Events

DOE announces US$325 million for energy resilience projects in Puerto Rico
September 12, 2024
The U.S. Department of Energy (DOE) has announced a US$325 million funding program under the Resilient Communities Program to enhance energy resilience for vulnerable populations in Puerto Rico. The funding, part of the Puerto Rico Energy Resilience Fund (PR-ERF), will support solar and battery storage installations for community health centers, public housing, and subsidized multifamily […]
BNDES, Finep, and Embrapii allocate US$1.2 billion for green energy projects
August 29, 2024
Brazilian development bank BNDES, public innovation agency Finep, and Embrapii are allocating US$1.2 billion for green energy projects. BNDES and Finep have launched a call for business plans to develop biorefineries that produce sustainable fuels for aviation and maritime industries. Source: BNAmericas
Neoenergia forms joint venture with Carbon2Nature for reforestation and carbon credit projects in Brazil
August 15, 2024
Neoenergia has announced the formation of a joint venture with Spanish company Carbon2Nature, specializing in nature-based solutions (NBS) for carbon credit generation. The joint venture aims to implement reforestation projects in Brazil, including replanting, forest management, and mangrove conservation. Source: NeoEnergia
Bolivia invests US$10 Million to expand solar energy access in Pando
August 1, 2024
Bolivia’s Ministry of Hydrocarbons and Energy has partnered with the Department of Pando’s government to enhance electricity coverage in the region. This US$10 million initiative will expand electrical networks, establish mini-grids, and install individual solar powered systems across Pando’s 15 municipalities in the northern Amazon Source: PV Magazine LATAM
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
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