Caribbean ESG - Page 3 of 9 - New Energy Events

Caribbean Broilers Group invests in solar plants to enhance sustainability
May 16, 2024
Caribbean Broilers Group (CB) has invested in four solar photovoltaic power plants for its farms across Jamaica, partnering with Soleco Energy Jamaica Limited. The newly unveiled solar plant at Peninsula Hatchery Farms in Linstead, St Catherine, produces 0.30 MWp. Additional plants include CB Foods Cold Storage Distribution Centre (1.1 MWp), Newport Mills in Kingston (0.50 […]
IDB Invest and DFC launch new co-financing framework for Latin America and the Caribbean
May 3, 2024
IDB Invest and the United States International Development Finance Corporation (DFC) have launched a new co-financing framework to bolster collaboration on high-impact development projects across Latin America and the Caribbean. As an extension of the Americas Partnership Platform, announced by US President Joe Biden, the framework streamlines the process for providing up to US$50 million […]
Jamaica initiates ‘Blue Green Facility’ to address climate challenges
May 3, 2024
The Government of Jamaica, in collaboration with various international partners including the Green Climate Fund, Inter-American Development Bank, World Bank Group, and others, is discussing the establishment of a “Blue Green Facility” aimed at providing up to US$ 500 million over five years. The fund will comprise a combination of grants, concessional debt, guarantees, and […]
IDB approves $60 million credit line to boost blue economy in the Bahamas
April 14, 2024
The Inter-American Development Bank (IDB) proposed a US$60 million Conditional Credit Line for Investment Projects aimed at promoting sustainable development in The Bahamas. This initiative targets the growth of micro, small, and medium-sized enterprises (MSMEs) within the country’s blue economy sector. Source: IDB
IDB Invest issues sustainable bonds to fund infrastructure and projects in Latin America
March 28, 2024
IDB Invest recently issued two sustainable bonds in local currency. One was valued at 2.5 billion Mexican pesos (about US$150 million) while the other was valued at 40 billion Colombian pesos (around US$10 million). The funds will be directed towards promoting inclusive financing and providing support for essential infrastructure projects in transportation, renewable energy, telecommunications, […]
BBVA Perú secures US$250 million loan for sustainable building projects
March 28, 2024
BBVA Perú has secured a US$250 million loan from the International Finance Corporation (IFC) and the Japan International Cooperation Agency (JICA). The funding will be directed towards supporting sustainable building projects through lending initiatives. Source: Latin Finance
Genneia raises US$33 million through green bonds
March 14, 2024
Argentina’s Genneia successfully placed two green bonds and raised a total of US$33 million, which surpassed its intital target of US$10 million. Source: Renewables Now
Panama initiates renewable energy tender — the first of its kind in a decade
February 29, 2024
Panama’s National Secretariat of Energy (SNE) has issued a resolution directing the Electric Transmission Company SA (ETESA) to organize a tender for long term energy supply. The initiative aims to ensure reliable electricity, lower prices, and create green jobs. The tender encompasses 500 MW of power, with a 20-year contract signed with electricity distribution companies, […]
Grupo Greening secures a US$34 million green loan for solar project in Mexico
February 29, 2024
Grupo Greening 2022 SA secured a US$34.7 million green loan from Banco Santander to help fund the development of a 41.9 MW distributed generation solar project in Mexico. Source: Renewables Now