Caribbean ESG - Page 6 of 9 - New Energy Events

Climate Investment Funds (CIF) endorses Costa Rica’s US$70 million electrical grid modernization plan
November 26, 2023
Climate Investment Funds (CIF) allocated an initial US$45 million to Costa Rica’s US$70 million plan to modernize its electrical grid to enable the expansion of renewable energy sources. Source: Renewables Now
Grenergy Renovables SA secures US$157 million loan from Banco Santander SA for renewable energy projects
November 26, 2023
Spanish renewables developer-operator, Grenergy Renovables SA secured a loan for US$157 million loan from Banco Santander SA to fund renewable energy and battery storage projects in Latin America. Source: Renewables Now
Barbados plans to raise around US$295 million in debt-for-climate deal
November 26, 2023
Barbados will receive around US$295 million from the sale of sustainability-linked debt in a debt-for-climate deal with the European Investment Bank (EIB) and the Inter-American Development Bank (IDB). The EIB is set to provide US$150 million and the IDB will provide the rest. Source: Latin Finance
IDB Invest issues a 5-year, COP 82 billion (US$20M) sustainability bond in the international market
November 26, 2023
IDB Invest placed a COP 82 billion (US$20M) sustainability bond in the international market. The bond will fund green and social projects in Colombia. Source: IDB Invest
The IDB approves loan for US$200 million to electrify rural communities in Bolivia
November 9, 2023
The IDB approved a US$200 million dollar loan in support of a Bolivian program that works to universalize electric energy service, specifically in rural areas. The program will use different technologies to supply electricity, including the installation of solar plants, the extension of distribution networks, construction of mini-grids with hybrid renewable energy systems and energy […]
Panamanian wind farm company issues US$200 million corporate green bond
October 12, 2023
Panamanian wind farm owner, Parque Eolico Toabre SA, issued a US$200 million green bond on the Panama stock exchange. Source: Renewables Now
The Asian Infrastructure Investment Bank (AIIB) approves US$65 million loan for wind farm in Argentina
October 12, 2023
The Asian Infrastructure Investment Bank (AIIB) approved a loan for US$65 million to go towards financing the construction of a wind farm and associated infrastructure in the province of Tierra del Fuego. Source: Renewables Now
Brazil’s Superintendency for the Development of the Northeast (Sudene) approves US$24.5 million for wind projects in Bahia
October 12, 2023
Brazil’s Superintendency for the Development of the Northeast (Sudene) is set to loan US$24.5 million to support 116 MW of wind energy projects in Bahia state. Source: Renewables Now
The IDB and Banco do Brasil sign letter of intent to fund sustainable development in the Amazon rainforest
September 28, 2023
The IDB and Banco do Brasil signed a letter of intent for a US$250 million credit line to fund sustainable development in Brazil’s Amazon rainforest. Source: Reuters