Caribbean Renewables

Republic Bank launches social investment program, PMAD, in the Eastern Caribbean

February 1, 2023

Republic Bank launches their 2023 social investment program, Power to Make a Difference (PMAD) and unveils the sixteen partners who work with Republic Bank to spearhead social transformation in the Eastern Caribbean region. Source: The Voice SLU  

ATOME Energy’s industrial-scale green hydrogen and ammonia plant selected to potentially receive funding from the IDB

January 19, 2023

ATOME Energy announced that its industrial-scale green hydrogen and ammonia plant in Paraguay could receive potential funding from the IDB. IN order to receive the funding, the 120MW facility will need to meet the high standards set by IDB Invest’s environmental and social sustainability policies. Source: Proactive Investors

Grenergy completes development of a 240 MW solar power plant in Chile

January 18, 2023

Spanish renewable energy company, Grenergy, finished development of a 240 MW solar power plant in central Chile. This is the largest solar plant the company has ever built. They expect it to be fully operational in a few weeks. Source: Enerdata

The U.S., Mexico, and Canada partner to explore the development of a North American clean hydrogen market

January 18, 2023

The U.S., Mexico, and Canada plan to work together to explore hydrogen development. Their goal is to develop a North American clean hydrogen market, including potential collaboration on research and development, safety codes, cross-border hydrogen clusters, green freight corridors, and integrated maritime operations. Source: Engineering and Technology

Panama and India are exploring the idea of green hydrogen collaboration

January 18, 2023

Panama and India are in talks to explore a green hydrogen collaboration. Both countries are interested in becoming global hydrogen hubs. Source: Hydrogen Central 

ViaMobilidade, the Brazilian public transit company, places the largest sale of green bonds in the local market

January 18, 2023

Brazilian public transit company, ViaMobilidade, places the largest sale of green bonds in the local market as part of a US$885 million financing package. Source: Latin Finance

BNDES approves loan of US$655.8 million to support the development of 1.5 GW of wind and solar energy projects in Bahia and Minas Gerais

January 18, 2023

BNDES approves US$655.8 million loan to support the development of the 846-MW Serra do Assurua and 423-MW Novo Horizonte wind complexes, and the Boa Sorte solar photovoltaic (PV) complex in Bahia and Minas Gerais. Source: Renewables Now

State-owned Chilean copper mine, Codelco, signed an agreement to swap coal power for renewable energy

January 18, 2023

Codelco, the state-owned copper mine in Chile, signed an agreement with AES Andes to replace its current supply of coal power with renewable energy. Source: Renewables Now 

Portland Private Equity announces launch of US$350 million Portland Caribbean Fund III; fund will make a series of social investments in the region

January 18, 2023

Portland Private Equity plans to use US$350 million in financing to make a series of social investments in the Caribbean under the Portland Caribbean Fund III. The third version of the fund will focus on investing in scalable regional businesses. Source: Jamaica Gleaner