Climate Finance - New Energy Events

Argentinian agribusiness, Cresud will sell at least US$20 million in 33-month dollar-denominated bonds in the local market
June 15, 2022
Cresud, a leading agriculture business in Argentina, will sell at least US$20 million in 33-month dollar-denominated bonds in the local market. Source: Latin Finance
The World Bank to lend US$400 million to Argentina for agricultural infrastructure investments
June 15, 2022
Argentina will borrow US$400 million from The World Bank for agricultural infrastructure investments to encourage farm output in the north, boost the incomes of small farmers, and improve food security across the nation. The government will also provide US$100 million in credit, and the private sector will give US$50 million. Source: Latin Finance
The US and Caribbean form PACC 2030 initiative to strengthen climate resilience and energy security
June 15, 2022
At the Summit of the Americas, the US announced a new initiative – PACC 2030 – to address the climate crisis in the Caribbean. The new initiative will aid in the integration of climate adaptation and resilience and the development of clean energy programs, as well as strengthening energy security. Source: WhiteHouse.gov
Montserrat seeks funding beyond their current budget allocations in order to reach its 2030 renewable goals
June 15, 2022
A report commissioned by Montserrat’s Ministry of Communications, Works, Labour, and Energy (MCWLE) stated that for the island nation to meet its 2030 goal of 100% renewables, it would require funding beyond the current budget allocations. Source: MenaFM
Jamaica pursues innovative investments to help accelerate the economy and promote sustainability
June 15, 2022
Jamaica is pursuing its Vision 2030 development plan by working towards developing innovative investments to strengthen and accelerate the economy. They are looking for sustainable investment products and partnerships that will help drive positive change in Jamaica. Source: Business Wire
The Bahamas successfully places a US$385 million bond into international capital markets
June 15, 2022
The Bahamas successfully places a multi-million dollar blue bond in the international capital markets. The government said the US$385 million dual-tranche debt offering was oversubscribed. Source: Caribbean Loop News
Mexico’s FEFA issues landmark financial inclusion social bond
June 2, 2022
Fondo Especial para Financiamientos Agropecuarios (FEFA) has issued a landmark US$300 million bond, one tranche of which is earmarked to finance projects in eligible categories – including access to financial products and services in the agricultural, forestry, fisheries and rural sectors – under FEFA’s social bond framework. Source: White & Case
Brazil awards renewable power supply contracts with a combined capacity of around 947.9 MW
June 2, 2022
Brazil has awarded a combined capacity of around 947.9 MW in renewable power supply contracts. The contracts represent more than US$1.5 billion in future investments. Source: Renewables Now
The second phase of the Energy Smart Fund is open for Barbados’ companies
June 2, 2022
The second phase of the IDB-led Energy Smart Fund in Barbados is now open to micro, small, and medium enterprises across sectors, with the ability to invest US$13 million in total. Source: Barbados Loop News