Climate Finance - Page 8 of 25

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
EIB and BNDES team up to finance renewable projects
December 21, 2023
The European Investment Bank (EIB) and the Brazilian Development Bank (BNDES) are currently exploring co-financing options for renewable energy projects in Brazil. Source: Renewables Now
The World Bank invests US$225 million into new project in the Dominican Republic
December 21, 2023
The World Bank has approved a new project in the Dominican Republic aimed at enhancing the electricity sector and reducing high distribution losses. With a $225 million investment, the project will support distribution companies in minimizing significant losses through the rehabilitation of the distribution network, technology upgrades, and the reduction of electricity outages. Source: The […]