Caribbean ESG - Page 6 of 8 - New Energy Events

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
Japan’s Mitsubishi UFJ Financial Group signs agreement with Neoenergia SA for US$30.5 million green loan
August 17, 2023
Japan’s Mitsubishi UFJ Financial Group signed an agreement with Neoenergia SA for a US$30.5 million green loan to help back the upgrade of its power distribution network. Source: Renewables Now
CAF plans to expand operations in the Caribbean
August 17, 2023
CAF announced its plan to expand operations in the Caribbean to address the financial needs of the region. They also announced they will finance up to US$50 million to match Barbados funding pool in its blue economy initiative. Source: Trinidad Express
The Saudi Fund for Development loans Belize US$77 million to build solar plant
August 17, 2023
The Saudi Fund for Development (SFD) signed a loan agreement worth US$77 million to aid in the construction of a solar energy plant in Belize. Source: Business Wire
The EU plans to invest billions to boost energy transition in LAC
July 19, 2023
The European Union (EU) has announced investments of US$11.3 billion to boost the energy transition in Latin America and the Caribbean (LAC). Source: PV Magazine LATAM
The Caribbean Development Bank and IDB Invest have been selected as two of the recipients of the MDB Challenge Fund
July 6, 2023
The Caribbean Development Bank and IDB Invest are two of the six new recipients of the Multilateral Development Banks Challenge Fund (MDB Challenge Fund), a US$5.25 million fund launched by the Gates Foundation, Open Society Foundations, and The Rockefeller Foundation. The Caribbean Development Bank will use its grant to develop a new risk mitigation instrument […]
CAF joins Barbados Coalition for Resilient Infrastructure to support transition to a more sustainable economy
July 6, 2023
CAF has joined the Barbados Coalition for Resilient Infrastructure to support Barbados’ transition, a group of international organizations and governments that are working together to support Barbados’ transition to a more resilient and sustainable economy. CAF’s participation will focus on supporting the development of a new Blue Green Bank, helping to improve the country’s disaster […]
Ecuador launches world’s largest debt for nature swap
May 11, 2023
Ecuador successfully places a new blue bond that will provide US$12 million a year to the conservation of the Galapagos Islands. The US$656 million debt-for-nature deal has been dubbed the “Galapagos Bond” and will run until 2041. Source: Reuters
Mexico sell US$829.7 million in ESG bonds
May 11, 2023
Mexico places US$829.7 million in ESG bonds in the local market to finance sustainable development projects. Source: Latin Finance