Climate Finance - Page 8 of 25

Jamaica Inn takes step towards carbon neutrality with new solar power addition
February 1, 2024
Jamaica Inn in Ocho Rios, St Ann, is making strides towards achieving carbon neutrality by 2026 by adding a 53-kilowatt photovoltaic solar panel plant to its environmental initiatives. The resort’s commitment to sustainable practices is part of its broader ESG program. Source: Jamaican Gleaner
CDF and U.S. announce plans for climate-resilient fund in the Caribbean
February 1, 2024
The CARICOM Development Fund (CDF) and the United States announced plans for a CARICOM Resilience Fund. The new blended finance initiative, with a target of US$100 million, and technical assistance from the U.S. Agency for International Development, will be dedicated to supporting initiatives that enhance growth and resilience in the Caribbean region in the face […]
IFC backs Banco Santander Mexico with US$93 million credit guarantee for SME financing
February 1, 2024
The IFC announced a credit guarantee of US$93 million for Banco Santander Mexico, facilitating increased resources for financing small and medium-sized businesses (SMEs) in the country. Source: IFC
NGC launches new subsidiary, NGC Green, to pursue renewable opportunities in T&T
January 19, 2024
The National Gas Company of Trinidad and Tobago launched NGC Green Company Limited (NGC Green) this week. The subsidiary is actively pursuing opportunities in the renewable energy space. Source: TT Loop News
CAF approves US$25 million investment in BTG Pactual Timberland Investment Group’s (TIG) Latin American reforestation strategy
January 19, 2024
CAF has approved a US$25 million investment in BTG Pactual Timberland Investment Group’s (TIG) Latin American reforestation strategy. TIG, a subsidiary of BTG Pactual, is among the largest and oldest timberland investment managers globally, overseeing $6.2 billion in assets across 1 million hectares in the U.S. and Latin America. Source: CAF
Deetken Impact awarded USAID climate grant to advance sustainable energy projects in the Caribbean
January 19, 2024
The Caribbean Climate Investment Program provides a US$600K grant to the newly launched Caribbean Inclusive Climate Finance Initiative to fund a comprehensive, one-stop solution to incubate, develop and finance small and medium-sized sustainable energy and clean tech projects in eligible countries. Source: Deetken Impact
Mytilineos Energy & Metals secured financing for a 588 MWp solar portfolio in Chile
January 19, 2024
Mytilineos Energy & Metals secured US$377 million in financing from BNP Paribas, Intesa San Paolo, Sumitomo Mitsubishi Banking Corporation, Rabobank and Santander Chile for the development of a 588-MWp solar portfolio in Chile. Source: Renewables Now
The Bahamas secures US$500 million loan backed by an IDB guarantee
January 19, 2024
The Bahamas has finalized a US$500 million 10-year commercial loan backed by an Inter-American Development Bank (IDB) guarantee. The loan will be used for infrastructure, education, and social welfare projects. Source: EWNews
Sudene loans US$20.4 million to solar power producer for the development of a 40 MW project in the Minas Gerais state of Brazil
January 4, 2024
Brazil’s Superintendency for the Development of the Northeast (Sudene) loaned solar power producer, Jaiba CE Energias Renovaveis, US$20.4 million to support the development of a 40 MW solar power project in the northern region of Minas Gerais state. Source: Renewables Now