CaribESG Market News - New Energy Events

The World Bank provides US$110 million in financing to support Barbados’s transition to low-carbon economic development and climate resilience
January 18, 2023
The World Bank approves US$110 million in financing for Barbados to support its low-carbon economic development and climate resilience. The loan has two main pillars, the first focusing on green and blue resilient development, including water reuse, adoption of climate change and agriculture policy, and the establishment of an Environmental Sustainability Fund, among other items. […]
Closing the Gap: Climate Finance in the Caribbean
November 18, 2022
By: Republic Bank As efforts to mitigate and adapt to climate change gather momentum across the globe, so too does the need for nations to do more. This has become more apparent in light of the tremendous shortfall in reducing greenhouse gas emissions, and achieving the 1.5 degree Celsius goal agreed upon in the 2015 […]
CEPM works to secure green loans for renewable projects in the Dominican Republic
November 17, 2022
CEPM, a division of InterEnergy is working to secure a green loan from Bank of America and a multilateral lender for renewable projects in the Dominican Republic. Source: Latin Finance
AOSIS in support of the creation of a multilateral fund that will help with the cost of responses associated with climate change
November 17, 2022
The Alliance of Small Island States (AOSIS) is in support of the creation of a multilateral fund that will enable developing countries to afford the cost of responses to loss and damage associated with climate change. Source: Jamaica Gleaner
How is ESG re-shaping business and investment in the Caribbean?
November 09, 2022
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BNDES approves loan for US$130.2 million to support the development of 288 MW of wind parks
November 2, 2022
The Brazilian Development Bank (BNDES) will loan local developer, Casa dos Ventos, US$130.2 million to support the construction of 288 MW of wind parks. Source: Renewables Now
Brookfield Renewable and Stonefield will invest US$1 billion into the InterEnergy Group
October 19, 2022
Brookfield Renewable and Stonepeak partner to invest up to US$1 billion into the InterEnergy Group over the next four years. InterEnergy Group has operations in the Dominican Republic, Panama, Jamaica, Chile and Uruguay. Source: Renewables Now
Barbados is first Caribbean nation to receive funding from the IMF’s US$45 billion Resilience Trust
October 19, 2022
Barbados is the first nation in the Caribbean that will receive money from the US$45 billion IMF Resilience Trust. They will receive US$183 million for climate-focused spending. Source: ProPublica
In landmark deal, Barbados restructures debt through a debt-for-nature swap which aims to protect 30% of the island’s coastal waters
September 21, 2022
In what Prime Minister Mia Mottley has described as a game-changing transaction, Barbados has announced a $150m debt-for-nature swap. Managed by Credit Suisse and CIBC FirstCaribbean, the deal will free up about US$50 million in the next 15 years by buying back a portion of its US$531 million bond due in 2029. They are replacing […]