ESG and Climate Finance - New Energy Events

The IDB and Banco do Brasil sign letter of intent to fund sustainable development in the Amazon rainforest
September 28, 2023
The IDB and Banco do Brasil signed a letter of intent for a US$250 million credit line to fund sustainable development in Brazil’s Amazon rainforest. Source: Reuters
EIB and Allianz Global Investors commit US$77.5 million towards renewable infrastructure projects in Brazil
September 14, 2023
The European Investment Bank and Allianz Global Investors have made a US$77.5 million commitment towards the development of renewable infrastructure projects in Brazil. Source: Renewables Now
Brazil’s Superintendency for the Development of the Northeast (Sudene) approves loan for US$15.78 million for solar and wind projects
August 31, 2023
Brazil’s Superintendency for the Development of the Northeast (Sudene) approved a loan for US$15.78 million to develop 128 MW of solar and wind energy projects in the Northeast. Source: Renewables Now
Japan’s Mitsubishi UFJ Financial Group signs agreement with Neoenergia SA for US$30.5 million green loan
August 17, 2023
Japan’s Mitsubishi UFJ Financial Group signed an agreement with Neoenergia SA for a US$30.5 million green loan to help back the upgrade of its power distribution network. Source: Renewables Now
CAF plans to expand operations in the Caribbean
August 17, 2023
CAF announced its plan to expand operations in the Caribbean to address the financial needs of the region. They also announced they will finance up to US$50 million to match Barbados funding pool in its blue economy initiative. Source: Trinidad Express
The Saudi Fund for Development loans Belize US$77 million to build solar plant
August 17, 2023
The Saudi Fund for Development (SFD) signed a loan agreement worth US$77 million to aid in the construction of a solar energy plant in Belize. Source: Business Wire
Banco Bolivariano issues US$80 million in blue bonds in Ecuador
August 3, 2023
Ecuadorian lender, Banco Bolivariano, issued its first blue bonds in the country, totaling US$80 million. Source: Latin Finance
The EU plans to invest billions to boost energy transition in LAC
July 19, 2023
The European Union (EU) has announced investments of US$11.3 billion to boost the energy transition in Latin America and the Caribbean (LAC). Source: PV Magazine LATAM
EIB signs US$899.3 million in loans to finance climate action projects
July 19, 2023
The European Investment Bank (EIB) is expected to sign US$899.3 million in loans to finance climate action projects in Argentina, Brazil and Chile. The loans will be used to support a range of projects, including renewable energy, energy efficiency, and green hydrogen Source: Renewables Now