Climate Finance - Page 10 of 25

Petrobras purchases carbon credits from rainforest project
September 14, 2023
Brazil’s state-controlled oil company, Petrobras, purchased credits in the voluntary carbon market from a project aimed at preserving rainforest. Source: Bloomberg
Brazil’s Superintendency for the Development of the Northeast (Sudene) approves loan for US$15.78 million for solar and wind projects
August 31, 2023
Brazil’s Superintendency for the Development of the Northeast (Sudene) approved a loan for US$15.78 million to develop 128 MW of solar and wind energy projects in the Northeast. Source: Renewables Now
Japan’s Mitsubishi UFJ Financial Group signs agreement with Neoenergia SA for US$30.5 million green loan
August 17, 2023
Japan’s Mitsubishi UFJ Financial Group signed an agreement with Neoenergia SA for a US$30.5 million green loan to help back the upgrade of its power distribution network. Source: Renewables Now
CAF plans to expand operations in the Caribbean
August 17, 2023
CAF announced its plan to expand operations in the Caribbean to address the financial needs of the region. They also announced they will finance up to US$50 million to match Barbados funding pool in its blue economy initiative. Source: Trinidad Express
The Saudi Fund for Development loans Belize US$77 million to build solar plant
August 17, 2023
The Saudi Fund for Development (SFD) signed a loan agreement worth US$77 million to aid in the construction of a solar energy plant in Belize. Source: Business Wire
CIF approves a US$70 million plan to support grid flexibility for clean energy integration in Brazil
July 6, 2023
Climate Investment Funds (CIF) approved a US$70 million plan to improve the flexibility of Brazil’s electricity grid, which will make it easier to integrate more renewable energy into the system. The plan will also help to reduce emissions from the electricity sector. Source: Renewables Now
Mexico’s CFE secures loan for US$98.7 million to finance the construction of the 120 MW Puerto Peñasco solar park
July 6, 2023
Mexican power utility, CFE, secured a loan worth US$98.7 million from French development agency AFD to finance the construction of the 120 MW Puerto Peñasco solar park in Sonora state. The solar park is expected to be operational by the end of 2023. Source: BNAmericas
The World Bank approves a US$150 million loan to support the development of Chile’s green hydrogen industry
July 6, 2023
The World Bank approved a loan for US$150 million to Chile, to support the development of its green hydrogen industry. The loan will help the country to establish a blended finance fund for green hydrogen projects and develop risk mitigation instruments to improve financing conditions. Source: The World Bank
CAF joins Barbados Coalition for Resilient Infrastructure to support transition to a more sustainable economy
July 6, 2023
CAF has joined the Barbados Coalition for Resilient Infrastructure to support Barbados’ transition, a group of international organizations and governments that are working together to support Barbados’ transition to a more resilient and sustainable economy. CAF’s participation will focus on supporting the development of a new Blue Green Bank, helping to improve the country’s disaster […]