Climate Finance - Page 3 of 24

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
Neoenergia forms joint venture with Carbon2Nature for reforestation and carbon credit projects in Brazil
August 15, 2024
Neoenergia has announced the formation of a joint venture with Spanish company Carbon2Nature, specializing in nature-based solutions (NBS) for carbon credit generation. The joint venture aims to implement reforestation projects in Brazil, including replanting, forest management, and mangrove conservation. Source: NeoEnergia
Bolivia invests US$10 Million to expand solar energy access in Pando
August 1, 2024
Bolivia’s Ministry of Hydrocarbons and Energy has partnered with the Department of Pando’s government to enhance electricity coverage in the region. This US$10 million initiative will expand electrical networks, establish mini-grids, and install individual solar powered systems across Pando’s 15 municipalities in the northern Amazon Source: PV Magazine LATAM
DOE loan guarantee to finance Puerto Rico’s largest solar and battery storage project
August 1, 2024
The U.S. Department of Energy has announced an US$861 million loan guarantee to finance 200 MW of solar and 285 MW of grid storage in Puerto Rico. This initiative will support the construction of two solar farms and two stand-alone battery storage systems on the island’s southern coast. The project is led by Flexible Energy […]
IDB Invest launches first private sector bond to boost sustainable development in the Amazon
July 5, 2024
IDB Invest launched its first private sector bond to support green and social projects in the Amazon. The five-year, US$8.7 million bond aims to foster economic opportunities while protecting the rainforest. Source: IDB Invest
Genneia raises US$60 million in green bond offering
July 5, 2024
Argentine power company Genneia successfully raised US$60 million through a dollar-linked green bond on the domestic market. Source: Renewables Now
World Bank and HSBC to launch US$200 million bond for Amazon reforestation
June 19, 2024
The World Bank, through its IBRD arm, has tasked HSBC with structuring a US$200 million principal-protected bond focused on reforestation in the Brazilian Amazon. Source: The World Bank
CIBC Caribbean and IDB Invest sign MoU for sustainable development across the Caribbean
June 19, 2024
CIBC Caribbean and IDB Invest signed an MoU to advance sustainable development across the Caribbean. The MoU established a framework of cooperation between the financial institutions and will focus on fostering the growth of SME’s, while also focusing on GDI efforts, promoting renewable energy and energy efficiency, and boosting digitalization across the region. Source: Business […]