Climate Finance - New Energy Events

IDB Invest strengthens Uruguay’s national power system with renewable energy production

IDB Invest, a member of the IDB Group, has provided a $67 million financial package for Tealov S.R.L (Tealov), a Uruguayan special purpose company (SPV) sponsored by Invenergy Renewables Global LLC (Invenergy) to develop the Cardal Transmission Project in Uruguay. The financial package includes a $11.5 million loan and a $55.5 million B-bond, acquired in […]
How the United States’ renewed leadership on climate is impacting energy sector priorities in the Caribbean

As regional leaders around the world convene to decide on climate investment commitments in advance of COP26, this webinar hosted by Deloitte and Rocky Mountain Institute will bring together key stakeholders to discuss how the U.S.’ renewed leadership on combatting climate change is impacting renewable energy sector priorities in the Caribbean. This event will bring together representatives […]
Dominica geothermal project to drill additional 2 wells

In a statement this week, Roosevelt Skerrit, Prime Minister of Dominica, provided an update on the geothermal power project on the Caribbean island state. The geothermal project in the Roseau Valley will see the drilling of two additional wells, with financial and technical support of the World Bank. The Dominica government concluded five procurements valued […]
Deetken Impact sustainable energy’s investee – Solar Development Panama – secures US$4 million senior loan from Banistmo

Impact Asset Manager Deetken Impact Sustainable Energy (DISE), announces that its investee company, Solar Development Panama SA (SDP), has secured a US$4 million senior loan facility from Banistmo after finishing construction and beginning to supply energy through a long term private Power Purchase Agreement (PPA). The securing of this loan aligns well with our Funds’ […]
MPC Clean Energy stock jumps more than 25%

MPC Caribbean Clean Energy Limited saw its value increase by more than a fourth as it led gains Friday in trading on the Jamaica Stock Exchange (JSE). The stock rose 25.64 per cent to close at $147, with only 76 units trading. Source
HDF Energy successful IPO to accelerate development in LAC region

HDF Energy (Hydrogène de France) has raised €132m ($156M) in a recent IPO that will help develop its first factory for utility-scale (1MW+) fuel cells using PEM technology. HDF also said that the IPO will support an acceleration in the development of HDF Energy’s power plants and continue its international expansion in addition to being […]
Hard-hit by COVID-19, Latin America seen skimping on climate cash

Latin America is investing too little in a green economic recovery from COVID-19, with only 2% of the region’s stimulus funds being spent on projects that help fight climate change, new data from Oxford University showed. Last year, 33 Latin American and Caribbean nations allocated $318 billion to fiscal and stimulus measures, but the tiny […]
World Clean Energy Summit: Chile will lead a new green hydrogen mission

Chile’s Biminister of Energy and Mines, Juan Carlos Jobet announced announced that Chile, along with Australia, the United Kingdom and the European Union, will lead the new clean hydrogen mission. According to Jobet the mission has three pillars, (1) foster research and development focused on the innovation of technologies and industrial processes. (2) Development of […]
Pandemic derails Caribbean islands’ bid for greener, cheaper energy

A lack of climate finance, electricity monopolies and now the pandemic’s ripple effects are slowing the Caribbean’s shift from economies run on fossil fuels to clean energy, banking and government officials said on Tuesday. In the Eastern Caribbean, only 10% of energy comes from renewable sources and plans to promote the use of solar and […]