Climate Finance - Page 20 of 25

CARICOM Commissions a 400 KW Solar PV and Storage System in Guyana
January 14, 2022
CARICOM will produce solar-generated electricity soon after commissioning a 400-kilowatt solar photovoltaic power generation plant and battery power conditioning system on their compound in Liliendaal, Greater Georgetown. The Japanese government funded the USD 7 million project consisting of 1,500 solar panels, servers, batteries, a carport, and space for educational/recreational activities. In the future, CARICOM expects […]
MPC Energy Solutions Begins Development on El Salvador Solar Plants
January 14, 2022
MPC Energy Solution reached a financial close for the Santa Rosa & Villa Sol solar (PV) plants in El Salvador. With a combined capacity of 21.07 MW, MPCES expects the plants to begin energy production towards the end of 2022, generating around 43 GWh a year and avoiding nearly 11,000 tons of CO2 emissions per […]
Ecopetrol Commits USD 50 Million in Projects to Decarbonize its Activity
January 14, 2022
The Colombian gas company Ecopetrol released its investment plan for 2022. The company expects to invest more than USD 50 million in projects to decarbonize its activity, USD 200 million in water management projects, and USD 6 million in developing green and blue hydrogen pilots and projects to be applied at the refineries. Source: PR […]
RUBiS Energy Jamaica will Acquire 80 Percent of Photosol France
January 11, 2022
RUBiS Energy Jamaica will complete a USD 422 million deal and acquire 80% of the solar energy company Photosol France. The agreement will allow RUBiS to compete in the renewable energy market in the region. Source: Power Technology
Bank fees for green debt surpass fossil-fuel financing
January 5, 2022
For the first time since the 2015 Paris Climate Agreement banks earned more through green-related bond sales and loans than through helping fossil fuel companies raise money in debt markets. Overall, banks made an estimated $3.4 billion in green labeled debt deals and only $3.3 billion from working with gas, oil, and coal companies. In […]
Chile’s 2022 power auction announced
January 3, 2022
The Chilean Energy Commission (CNE) is set to launch a new power auction later this month. The auction will give domestic and international power producers, including renewable energy generators the chance to close 15-year PPAs with qualified distributors. One of the conditions of the auction will ensure that electricity distributors in the country secure up […]
Vestas secures 430MW service contract in Brazil
January 3, 2022
Vestas signed an agreement with Renova Energia for the maintenance of the 430MW Alto Sertao 3 wind complex in the Bahia region of Brazil with 24 wind farms. The agreement hands Vestas the responsibility for the operation and maintenance of 155 Alstom ECO 100, 110 and 122 turbines. They also signed an agreement in Argentina […]
The World Bank approves US$300 million loan to support Colombia’s resilience to disasters, climate change and health emergencies
December 28, 2021
The World Bank approved the Third Disaster Risk Management Development Policy Loan with a Cat DDO III, a US $300 million loan to aid in strengthening Colombia’s resilience to natural hazards, climate change and health emergencies. The Ministry of Finance and Public Credit and the National Planning Department, Colombia will be responsible for coordinating the […]
IDB closes year with nearly US$20 billion in new financing for the Caribbean and Latin America
December 28, 2021
The Inter-American Development Bank (IDB) and its private-sector arm, IDB Invest predict they will end 2021 with $19.5 billion in new investments for Latin America and the Caribbean. The financing is the second-highest annual total in the history of the organizations. The investments have helped countries start to recover from the pandemic and shift towards […]