Climate Finance - Page 5 of 25

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 […]
Sygnus launches US$135 million Caribbean Community Resilience Fund (CCRF) in Jamaica
May 31, 2024
Sygnus launched a US$135 million Caribbean Community Resilience Fund (CCRF) in Jamaica last week. The CCRF is a 10-year impact investment fund with the possibility of two one-year extensions. It targets critical sectors such as renewable energy, blue economy, sustainable housing, ICT, transport, financial services, and climate-smart agriculture. Source: Jamaica Loop News
Banco do Brasil raises US$100 million with Natixis in triple sustainable repo deal
May 31, 2024
Banco do Brasil raised US$100 million through a triple sustainable repo with Natixis Corporate & Investment Banking. This deal is the first of its kind to combine three sustainable elements in a single transaction. The funds raised will support Banco do Brasil’s sustainability-linked debt framework, with a focus on refinancing its sustainable credit portfolio, particularly […]
CAF secured US$216 million credit line for climate mitigation and biodiversity projects
May 31, 2024
CAF secured a US$216 million green line of credit from its French counterpart, AFD. The funding will be used to finance biodiversity and climate adaptation projects in Latin America. Source: Latin Finance
Colombia to receive US$700 million UAE investment after signing Cepa agreement
May 16, 2024
Colombia is set to receivean investments of between US$600 million and US$700 million from the UAE following the signing of the Comprehensive Economic Partnership Agreement (Cepa). This investment will support the development of key sectors like green hydrogen and the digital economy. Source: Business Orbital