Climate Finance - Page 22 of 25

CAF to use $7 billion capitalization for recovery, renewables in Latin America
December 20, 2021
CAF, the Development Bank of Latin America, will use $7 billion in planned equity capitalization to back economic recovery and renewable energy development in the region. CAF president Sergio Diaz-Granados says he wants CAF to be the green bank of the region, stating, “the bank is not just for sustainable reactivation, but is thinking of […]
Mountain Partners to Create Chile’s First Climate VC Fund
December 9, 2021
For the first time ever, Chile will have a climate venture capital fund that will focus on investing in companies contributing to fighting climate change. Mountain Partners AG’s Chilean division is in the process of setting up the fund. They planned to raise $50 million, and have already secured most of the funding. Its first […]
How blue bonds promise to boost Latin America’s economy
November 18, 2021
Announced during the UN climate summit in Glasgow, the recent issuance of Latin America’s first blue bond could be a major milestone. The region stands to benefit from this nascent financial mechanism aimed at protecting water sources and creating opportunities for populations living near them. The fixed-rate bond issued by the Inter-American Development Bank (IDB) […]
IDB Invest strengthens Uruguay’s national power system with renewable energy production
September 14, 2021
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
August 4, 2021
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
August 4, 2021
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
July 31, 2021
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%
July 21, 2021
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
July 5, 2021
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 […]