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Climate Linked Loan

  • Codelco secures US$600 million climate-linked loan to advance renewable power transition

    January 9, 2026

    Chile’s state-owned miner Codelco has secured a US$600 million climate-linked loan from HSBC and Banco Santander, guaranteed by the World Bank’s MIGA, to accelerate the decarbonization of its energy supply. The financing will support renewable-based power purchase agreements as Codelco targets 85% renewable electricity by 2026 and a fully renewable power mix by 2030. Source: […]

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