Climate Finance - Page 23 of 25

Abu Dhabi Fund to start 2021 with project allocations worth $169 million, earmarks $50 million for Caribbean
January 25, 2021
Abu Dhabi Fund for Development, one of the UAE’s leading financial entities, continued to advance its sustainable development agenda within the country and abroad through clean-energy initiatives. In 2021, approximately $50 million is earmarked with an aim to deliver renewable energy projects across 16 Caribbean Island nations. Source
New Fortress Energy to acquire Hygo Energy Transition Ltd. and Golar LNG Partners LP in a $5 Billion transaction
January 13, 2021
New Fortress Energy announced that it has entered into definitive agreements to acquire Hygo Energy Transition Ltd. in Brazil for a combined $5 billion. NFE will become the leading gas-to-power company in Brazil, adding 2700MW of power generation operational or in development and robust customer pipeline in the South American country’s rapidly growing natural gas and […]
Latin American countries make calls for public bids in renewable energy
January 6, 2021
Several Latin American countries including Argentina, Ecuador and Chile have begun 2021 with calls for public bids in renewable energy. Source
CDB, IDB sign US$50 million loan for COVID-19 response in the OECS
December 22, 2020
The Caribbean Development Bank (CDB) and the Inter-American Development Bank (IDB) today signed a US$50 million loan agreement to support COVID-19 response projects in the Organisation of Eastern Caribbean States (OECS) Member States. Source
Sovereign Pacific launches $500M Fund for the Caribbean
December 2, 2020
Sovereign Pacific Capital, an Asia wealth and asset management organization established a $500 million Sovereign Pacific Fund, in partnership with Possibility Group, for sustainable investments in St. Kitts & Nevis and the Caribbean region. Source
Funds managed by RBC Trust commit to MPC Capital’s Caribbean renewables platform
November 10, 2020
RBC Trust (Trinidad and Tobago) Limited, a subsidiary of RBC Financial Caribbean Limited, has committed USD10 million to MPC Capital’s Caribbean listed feeder-vehicle to further grow the portfolio of renewable energy assets. Source
IRENA and CDF partner on energy transition funding for Caribbean islands
October 16, 2020
IRENA and CDF have signed a Memorandum of Understanding to support a transition from fossil-fuel dependency to a more resilient and sustainable low carbon economic development model in the Caribbean Small Island Developing States (SIDS). Source
USDA awards $632,000 as part of Renewable Energy Program in rural Puerto Rico
October 12, 2020
The U.S. Department of Agriculture announced Monday it (USDA) is investing over $630,000 on the Rural Energy for America Program in Puerto Rico. Source
IDB Loans $200M To Aid Business Climate in Bahamas
October 10, 2020
The IDB approved a $200M loan to boost the business climate to would support the Bahamian Blue Economy, which features sea-based industries such as coastal tourism, fisheries and maritime transport. Source