Climate Finance - New Energy Events

Conolophus Project in Galapagos submitted to IDB Invest for financial evaluation
May 15, 2025
The Conolophus project in the Galapagos Islands, Ecuador, has been submitted to IDB Invest for financial evaluation. The project, developed by E-QUATOR Energy (a partnership between Gransolar and TotalEnergies), involves the creation of a 14.8 MWp photovoltaic plant on Baltra Island, alongside a 40.9 MWh battery energy storage system. Source: PV Magazine LATAM
IDB approves US$250 million loan for rural electrification and renewable energy mini-grids in Guatemala
May 15, 2025
The Inter-American Development Bank (IDB) has approved a US$250 million loan to finance the Rural Electrification Access Program in Guatemala, aimed at increasing electricity coverage in rural areas. The program includes developing mini-grids with renewable energy and energy storage systems, benefiting around 70,000 households Source: PV Magazine LATAM
Genneia to invest US$110 million in 130 MW San Juan Sur solar farm to meet industrial demand
May 15, 2025
Argentine power producer Genneia will invest US$110 million to build the 130 MW San Juan Sur solar farm in San Juan province, aimed at meeting the growing electricity demand from mining and industrial sectors. The farm is set to be operational by the second half of 2026. Source: Renewables Now
IDB Invest considers US$5 million loan for El Salvador’s 100 MW Metapan wind project
May 15, 2025
IDB Invest is considering a US$5 million loan to El Salvador’s state-owned utility CEL to finance the early-stage development of a 100 MW wind project in the northwest. The funds will cover technical, environmental, and social studies, as well as expenses for the Metapan wind farm’s development and the installation of meteorological towers. A decision […]
BNDES approves US$27.5 million for GreenYellow’s distributed solar projects in Brazil
May 15, 2025
BNDES has approved US$27.5 million to support GreenYellow’s distributed solar projects across Brazil. The funding will aid in the installation of 16 mini-generation plants with a total capacity of 31 MW in various states. Source: Renewables Now
Honduras considers debt-for-nature swaps and bond strategies to meet 2025 budget needs
April 10, 2025
Honduras is exploring new debt strategies for its 2025 budget, including debt-for-nature swaps, inspired by similar deals in Costa Rica, Ecuador, and El Salvador. Finance Minister Christian Duarte noted the government is prioritizing agreements with multilateral agencies but is also considering repackaging domestic bonds into international ones to diversify financing options. Source: Latin Finance
BNDES loans US$120.5 million for 121.5 MW in wind projects
March 27, 2025
BNDES approved a loan for US$120.5 million to support the development of 121.5 MW of Casa dos Ventos wind projects Source: Renewables Now
IDB and Chile sign US$180 million in agreements to boost sustainable growth and regional development
March 27, 2025
The IDB and Chile have signed US$180 million in agreements to promote sustainable economic growth, enhance regional government capabilities, diversify exports, and improve essential services on Rapa Nui. The agreements include funding for climate resilience, urban infrastructure, digital talent development, and energy and water service upgrades on Easter Island. Source: IADB
EGE Haina secures US$100 million green loan
March 27, 2025
Bladex and Scotiabank have granted a US$100 million green loan to Dominican energy company EGE Haina to support renewable energy projects. Source: PV Magazine LATAM