Climate Finance - Page 3 of 25

EIB and CDB launch US$109.4 million initiative to improve water management and protect Caribbean oceans
November 7, 2024
The European Investment Bank (EIB) and the Caribbean Development Bank (CDB) have launched a US$109.4 million initiative to enhance water supply management and protect the ocean ecosystem across the Caribbean. The funding will support projects aimed at improving clean water access, wastewater treatment, solid waste collection, and flood prevention, while also addressing climate change impacts […]
Enel Colombia to invest nearly US$2.1 billion in Colombia’s energy transition
November 7, 2024
Enel Colombia will invest nearly US$2.1 billion in the coming years to support Colombia’s energy transition. During discussions of the investment, Colombian President Gustavo Petro and Enel executives emphasized the commitment to a clean and secure energy supply for the country. Source: PV Magazine LATAM
BNDES approves US$6.6 million loan to boost biomethane production
November 7, 2024
The Brazilian Development Bank (BNDES) has approved a loan of US$6.6 million to expand biomethane and biogas production at Geo Biogas&Carbon’s Tamboara facility in Parana. Once the project is complete, most of the biogas will be converted to biomethane for additional energy generation. Source: Renewables Now
Growing investment in voluntary carbon credits in Latin America
November 7, 2024
The voluntary carbon credit market is seeing growing investment, especially in developing countries like Colombia, Mexico, and Peru. These nations are amongst the top five leaders in carbon regulation and are actively engaging with international frameworks, including Article 6 of the Paris Agreement, to facilitate emissions credit trading. Colombia, in particular, stands out with its […]
Enel Colombia secures US$300 million financing for solar projects and grid updates
October 24, 2024
Enel Colombia has secured US$300 million in debt financing from the European Investment Bank (EIB) to support the construction of approximately 486 MW of solar parks and for grid updates to enhance grid resilience. Source: Renewables Now
Sandals Foundation invests US$110,000 in Caribbean education
September 26, 2024
The Sandals Foundation has announced an investment of around US$110,000 in Caribbean education. This funding aims to improve educational opportunities through scholarships, infrastructure enhancements, teacher training, and essential school supplies. Source: Caribbean Loop News
DOE announces US$325 million for energy resilience projects in Puerto Rico
September 12, 2024
The U.S. Department of Energy (DOE) has announced a US$325 million funding program under the Resilient Communities Program to enhance energy resilience for vulnerable populations in Puerto Rico. The funding, part of the Puerto Rico Energy Resilience Fund (PR-ERF), will support solar and battery storage installations for community health centers, public housing, and subsidized multifamily […]
BNDES, Finep, and Embrapii allocate US$1.2 billion for green energy projects
August 29, 2024
Brazilian development bank BNDES, public innovation agency Finep, and Embrapii are allocating US$1.2 billion for green energy projects. BNDES and Finep have launched a call for business plans to develop biorefineries that produce sustainable fuels for aviation and maritime industries. Source: BNAmericas
Sudene approves US$48.6 million financing for 164 MW of solar and wind projects in Brazil’s Northeast
August 29, 2024
Brazil’s Superintendency for the Development of the Northeast (Sudene) has approved US$48.6 million in financing for 164 MW of solar and wind energy projects in the region. The funds will support one wind project and three solar projects. Source: Renewables Now