ESG and Climate Finance - Page 12 of 16

Brazil plans to invest US$9.51 billion in transmission lines to aid in the integration of more solar and wind power
March 31, 2023
The Ministry of Energy in Brazil announced plans to invest US$9.51 billion in transmission lines to enable the integration of more wind and solar power. The government plans to up the amount of hybrid renewable energy complexes in the Northeast region. Source: Renewables Now
The IMF approves US$1.7 billion in funding for Jamaica under its Precautionary and Liquidity Line (PLL) and Resilience and Sustainability Facility (RSF)
March 31, 2023
The IMF approved US$1.7 billion in funding for Jamaica. Under the two year agreement the country will receive funds from the PLL as insurance against inflation, a global slowdown, and new COVID-19 outbreaks. They will also receive money to help strengthen Jamaica’s resilience to climate change, advance decarbonization efforts, and manage transition risks. Source: JIS.gov
BNDES approves US$17 million in financing to Helexia to support 19 MW of DG solar powered projects
March 17, 2023
BNDES approved US$17 million in financing to support 19 MW of DG solar powered projects owned by Helexia. The company plans to use the money for the construction of 17 new solar facilities in Parana, Mato Grosso do Sul and Rondonia. Source: Renewables Now
The National Export-Import (Exim) Bank of Jamaica launched a solar energy solutions business loan program
March 2, 2023
Exim Bank of Jamaica is offering loans between $5-50 million (Jamaican) to small and medium-sized business operators looking to procure solar energy solutions. Source: Jamaica Gleaner
Chilean companies eligible for up to US$1.5 million to finance RE self-generation projects via the Ponle energía a tu empresa program
March 2, 2023
The Ponle energía a tu empresa program, funded by the European Union is offering up to US$1.5 million to Chilean companies to finance electric or thermal self-generation projects with renewable energy in hopes of directly benefiting more than 100 micro, small, medium and large companies. Source: PV Magazine LATAM
Argentinian energy company, Genneia placed green bonds equivalent to US$73 million to finance the construction of its solar and wind projects in the country
March 2, 2023
Argentinian energy company, Genneia, announced the placement of green bonds equivalent to US$73 million to help finance the 60 MW Tocota III solar plant and the 103.5 MW La Elbita wind project. Source: PV Magazine LATAM
The US announced a US$1 billion grant package for Puerto Rico that will help finance solar, storage, and resiliency projects
March 2, 2023
The US announced a grant package of US$1 billion for Puerto Rico that includes two rounds of financing for residential solar and storage projects, followed by climate resilient development such as microgrids, community solar, and grid retrofits. Source: PV Magazine LATAM
Genneia secures a loan for up to US$85 million to fund wind and solar projects in Argentina
March 2, 2023
Genneia, the Argentinian power company, signed a loan agreement to procure up to US$85 million to fund the construction of wind and solar projects in Argentina. The company will receive the loan from the Dutch development bank FMO and Development Finance Institute Canada (FinDev). Source: Renewables Now
BNDES approved a US$2.2 million loan in additional funding to Albioma Codora Energia for the development of a a new biogas production line at an existing facility
March 2, 2023
The Brazilian Development Bank (BNDES) approved a US$2.2 million loan to help fund a new biogas production line at an existing facility in Goianesia, Goias state. The new financing is an additional loan to Albioma Codora Energia, all of which will cover 83% of the total cost of the project. Source: Renewables Now