Climate Finance - Page 9 of 25

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 […]
BNDES approves US$447.8 million loan to support the construction of a solar complex by Atlas Renewable Energy
December 7, 2023
The Brazilian Development Bank (BNDES) has approved a loan of US$447.8 million to support the construction of a 768 MW solar complex developed by Atlas Renewable Energy. The project is a part of Brazil’s new growth acceleration program (PAC) and will generate 2 TWh per year, powering over 3 million people and offsetting 2.4 million […]
BNDES approves US$46.3 million in loans to support the development of two biomethane plants in in Sao Paulo
December 7, 2023
The Brazilian Development Bank (BNDES) has approved approximately US$ 46.3 million in loans to Essencis Biometano SA and Cocal Energia PPT Participacoes Ltda. to support the construction of two biomethane plants in the state of Sao Paulo. Source: Renewables Now
Climate Investment Funds (CIF) endorses Costa Rica’s US$70 million electrical grid modernization plan
November 26, 2023
Climate Investment Funds (CIF) allocated an initial US$45 million to Costa Rica’s US$70 million plan to modernize its electrical grid to enable the expansion of renewable energy sources. Source: Renewables Now
Grenergy Renovables SA secures US$157 million loan from Banco Santander SA for renewable energy projects
November 26, 2023
Spanish renewables developer-operator, Grenergy Renovables SA secured a loan for US$157 million loan from Banco Santander SA to fund renewable energy and battery storage projects in Latin America. Source: Renewables Now
Barbados plans to raise around US$295 million in debt-for-climate deal
November 26, 2023
Barbados will receive around US$295 million from the sale of sustainability-linked debt in a debt-for-climate deal with the European Investment Bank (EIB) and the Inter-American Development Bank (IDB). The EIB is set to provide US$150 million and the IDB will provide the rest. Source: Latin Finance
IDB Invest issues a 5-year, COP 82 billion (US$20M) sustainability bond in the international market
November 26, 2023
IDB Invest placed a COP 82 billion (US$20M) sustainability bond in the international market. The bond will fund green and social projects in Colombia. Source: IDB Invest
The IDB approves loan for US$200 million to electrify rural communities in Bolivia
November 9, 2023
The IDB approved a US$200 million dollar loan in support of a Bolivian program that works to universalize electric energy service, specifically in rural areas. The program will use different technologies to supply electricity, including the installation of solar plants, the extension of distribution networks, construction of mini-grids with hybrid renewable energy systems and energy […]