Climate Finance - Page 12 of 25

BNDES approves loan of US$655.8 million to support the development of 1.5 GW of wind and solar energy projects in Bahia and Minas Gerais
January 18, 2023
BNDES approves US$655.8 million loan to support the development of the 846-MW Serra do Assurua and 423-MW Novo Horizonte wind complexes, and the Boa Sorte solar photovoltaic (PV) complex in Bahia and Minas Gerais. Source: Renewables Now
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. […]
The World Bank grants US$500 million green loan to Banco do Brasil
January 5, 2023
The World Bank has finalized a green loan of US$500 million to Banco do Brasil to enable the bank to offer more options to companies that are reducing their carbon footprint. Source: Latin Finance
Engie Energia Chile SA invests US$650 million in two renewable energy projects in Chile
January 5, 2023
Engie Energia Chile SA will invest US$450 million into the 342 MW Lomas de Taltal wind farm project and US$300 million into the 638-MWh Coya battery energy storage system (BESS) in Chile. Source: Renewables Now
Guyana signs historic agreement to sell US$750 million worth of carbon credits to the Hess Corporation
December 8, 2022
Guyana has signed a multi-year deal with the Hess Corporation to sell the US energy major high-quality carbon credits for US$750 million. A significant portion of the money from the deal will flow to indigenous communities. Source: Guyana Times
The IFC has granted a green loan of US$25 million to the Inter-American Finance Bank of Peru
December 8, 2022
The IFC has granted US$25 million to the Inter-American Finance Bank of Peru for green construction, energy efficiency and climate-smart agribusiness projects. Source: PV Magazine LATAM
The IDB approves loans for a total of US$650 million to Uruguay and Argentina to aid in the low-carbon energy transition
December 8, 2022
The IDB has approved two lines of credit to Uruguay and Argentina, one of US$150 million, and another of US$500 million. The loans will be used to meet the goals of the low-carbon energy transitions in both countries. Source: PV Magazine LATAM
Solarpak recieves loans for US$133.6 million to develop two solar farms in Colombia
December 8, 2022
Solarpack, the Spanish solar power developer, received a loan for US$133.6 million to develop two solar farms in Colombia with a combined capacity of 252 MW. Source: Renewables Now
Enel Americas will invest US$5 billion into the region, with most of the investments going to Colombia and Brazil
December 8, 2022
Enel Americas is investing US$5 billion in the Latin American region with most of the investments going to Colombia and Brazil. They will exit Peru and Argentina in 2023 to focus on countries that are “more advanced” in their energy transition. Source: Renewables Now