Climate Finance - Page 19 of 25

Banco Popular Dominicano approves green bond issue of USD 45 million
March 29, 2022
The Banco Popular Dominicano approved the issuance of a US$45 million green bond to finance new renewable energy, electro-mobility, and eco-efficiency projects. Source: Bloomberg Linea
The Dominican Republic’s Ministry of Mines and Energy signs three PPA’s for 128 MW of solar and biomass projects
March 17, 2022
The Dominican Republic’s Ministry of Mines and Energy signed three PPA’s for 128 MW for two solar parks with a combined capacity of 93 MW and one biomass-based project of 35 MW. The overall investment for the plants will be $197 million. Source: Renewables Now
RESEMBID funds seven sustainable development projects with grants totaling USD 3 million
March 17, 2022
The Caribbean Overseas Countries and Territories (OCTs) Resilience, Sustainable Energy, and Marine Biodiversity Programme (RESEMBID) are funding seven sustainable development projects in the Caribbean, with grants totaling $3 million. They awarded grants to the Cayman Islands, Anguilla, St. Maarten, CARILEC, and ACS. Source: Caribbean Loop News
CAF approves two loans of USD 600 million to Colombia to support climate action measures
March 15, 2022
CAF authorizes two loans of $600 million to Colombia to support climate action measures. In addition, CAF approved external financing with a sovereign guarantee of up to $1.2 billion to finance investment initiatives that will fulfill the Sustainable Development Goals of Colombia. Source: World Today News
CAF announces shareholder approval for a capital increase of USD 7 billion
March 15, 2022
CAF Development Bank of Latin America announced the approval by shareholders for a capital increase of $7 billion, which will double the organization’s portfolio. The shareholders also approved the incorporation of the Dominican Republic and El Salvador as full members. Source: CAF
Isagén raises USD 94 million from bond placement for non-conventional renewable energy expansion
March 8, 2022
Isagén, the Colombian power company successfully raised US $94 million through a placement of ordinary bonds. The funds will be deployed for hydropower and non-conventional renewable energy expansion. Source: BN Americas
Quaise Energy Raises USD 63 Million For New Geothermal Drilling Technology
February 11, 2022
The geothermal start-up Quaise Energy has raised $63 million to deploy a new drilling technology to unleash the earth’s hardest-to-reach heat resources. Safar Partners, Prelude Ventures, the Engine, and other investors provided $40 million. The U.S. Department of Energy’s Advanced Research Projects Agency-Energy (ARPA-E) provided a grant of $5 million. Source: Canary Media
U.S. Commits USD 12 Billion to Puerto Rico’s Energy Sector
February 2, 2022
The Biden Administration commits USD 12 billion in federal aid for Puerto Rico’s energy sector to strengthen the outdated electric grid. The US Departments of Energy, Homeland Security, and Housing and Urban Development will sign an agreement to ensure the alignment of federal investments with local policies – with all eyes on the goal of […]
Total Eren Commissions 92 MW Terra Santa and 67.5 MW Maral Wind Farms in Brazil
February 2, 2022
Total Eren, an IPP based in Paris, commissioned the Terra Santa and Maral wind farms in Rio Grande do Norte, Brazil. Both wind farms hold a 20-year PPA with the power generator, Cemig GT, and have a total investment of USD 154 million. Together, they will generate 730 GWh per year. Source: Total Eren