Caribbean ESG

NGC launches new subsidiary, NGC Green, to pursue renewable opportunities in T&T

January 19, 2024

The National Gas Company of Trinidad and Tobago launched NGC Green Company Limited (NGC Green) this week. The subsidiary is actively pursuing opportunities in the renewable energy space. Source: TT Loop News

CAF approves US$25 million investment in BTG Pactual Timberland Investment Group’s (TIG) Latin American reforestation strategy

January 19, 2024

CAF has approved a US$25 million investment in BTG Pactual Timberland Investment Group’s (TIG) Latin American reforestation strategy. TIG, a subsidiary of BTG Pactual, is among the largest and oldest timberland investment managers globally, overseeing $6.2 billion in assets across 1 million hectares in the U.S. and Latin America. Source: CAF

Deetken Impact awarded USAID climate grant to advance sustainable energy projects in the Caribbean

January 19, 2024

The Caribbean Climate Investment Program provides a US$600K grant to the newly launched Caribbean Inclusive Climate Finance Initiative to fund a comprehensive, one-stop solution to incubate, develop and finance small and medium-sized sustainable energy and clean tech projects in eligible countries. Source: Deetken Impact

Mytilineos Energy & Metals secured financing for a 588 MWp solar portfolio in Chile

January 19, 2024

Mytilineos Energy & Metals secured US$377 million in financing from BNP Paribas, Intesa San Paolo, Sumitomo Mitsubishi Banking Corporation, Rabobank and Santander Chile for the development of a 588-MWp solar portfolio in Chile. Source: Renewables Now 

The Bahamas secures US$500 million loan backed by an IDB guarantee

January 19, 2024

The Bahamas has finalized a US$500 million 10-year commercial loan backed by an Inter-American Development Bank (IDB) guarantee. The loan will be used for infrastructure, education, and social welfare projects. Source: EWNews

EIB and BNDES team up to finance renewable projects

December 21, 2023

The European Investment Bank (EIB) and the Brazilian Development Bank (BNDES) are currently exploring co-financing options for renewable energy projects in Brazil. Source: Renewables Now 

The World Bank invests US$225 million into new project in the Dominican Republic

December 21, 2023

The World Bank has approved a new project in the Dominican Republic aimed at enhancing the electricity sector and reducing high distribution losses. With a $225 million investment, the project will support distribution companies in minimizing significant losses through the rehabilitation of the distribution network, technology upgrades, and the reduction of electricity outages. Source: The […]

BNDES approves US$447.8 million loan to support the construction of a solar complex by Atlas Renewable Energy

December 7, 2023

The Brazilian Development Bank (BNDES) has approved a loan of US$447.8 million to support the construction of a 768 MW solar complex developed by Atlas Renewable Energy. The project is a part of Brazil’s new growth acceleration program (PAC) and will generate 2 TWh per year, powering over 3 million people and offsetting 2.4 million […]

BNDES approves US$46.3 million in loans to support the development of two biomethane plants in in Sao Paulo

December 7, 2023

The Brazilian Development Bank (BNDES) has approved approximately US$ 46.3 million in loans to Essencis Biometano SA and Cocal Energia PPT Participacoes Ltda. to support the construction of two biomethane plants in the state of Sao Paulo. Source: Renewables Now