ESG and Climate Finance - Page 6 of 16

IDB Invest issues sustainable bonds to fund infrastructure and projects in Latin America
March 28, 2024
IDB Invest recently issued two sustainable bonds in local currency. One was valued at 2.5 billion Mexican pesos (about US$150 million) while the other was valued at 40 billion Colombian pesos (around US$10 million). The funds will be directed towards promoting inclusive financing and providing support for essential infrastructure projects in transportation, renewable energy, telecommunications, […]
BBVA Perú secures US$250 million loan for sustainable building projects
March 28, 2024
BBVA Perú has secured a US$250 million loan from the International Finance Corporation (IFC) and the Japan International Cooperation Agency (JICA). The funding will be directed towards supporting sustainable building projects through lending initiatives. Source: Latin Finance
Genneia raises US$33 million through green bonds
March 14, 2024
Argentina’s Genneia successfully placed two green bonds and raised a total of US$33 million, which surpassed its intital target of US$10 million. Source: Renewables Now
Panama initiates renewable energy tender — the first of its kind in a decade
February 29, 2024
Panama’s National Secretariat of Energy (SNE) has issued a resolution directing the Electric Transmission Company SA (ETESA) to organize a tender for long term energy supply. The initiative aims to ensure reliable electricity, lower prices, and create green jobs. The tender encompasses 500 MW of power, with a 20-year contract signed with electricity distribution companies, […]
Grupo Greening secures a US$34 million green loan for solar project in Mexico
February 29, 2024
Grupo Greening 2022 SA secured a US$34.7 million green loan from Banco Santander to help fund the development of a 41.9 MW distributed generation solar project in Mexico. Source: Renewables Now
IDB supports Barbados’ sustainable development goals with US$100 million loan
February 15, 2024
The Inter-American Development Bank has approved a US$100 million loan for Barbados to advance its sustainable development goals by modernizing policies and regulations. Source: IADB
Enhancing climate resilience in Antigua and Barbuda
February 15, 2024
The Commonwealth Secretariat, in collaboration with the Government of Antigua and Barbuda, is moving ahead with efforts to enhance climate resilience among small and medium-sized businesses (SMEs) in the agriculture sector by facilitating improved access to funding. Source: Times Caribbean Online
BRDE supports renewable energy projects in Brazil’s Parana State with a US$3.8 million credit line
February 15, 2024
Brazil’s Regional Bank for the Development of the Far South, or BRDE has approved a US$3.8 million credit line to bolster renewable energy initiatives in the Cornelio Procopio municipality, Parana state. Initially, the funds will be allocated to installing solar panels on public buildings, aiming to slash electricity costs. Source: Renewables Now
IDB and JICA agree additional US$1bn for Cooperation for Economic Recovery and Social Inclusion (CORE) program
February 15, 2024
The Inter-American Development Bank Group (IDB Group) and the Japan International Cooperation Agency (JICA) have decided to boost co-financing under the Cooperation for Economic Recovery and Social Inclusion (CORE) program, benefiting Caribbean countries. The US$1 billion increase will expand the programme’s funding to US$4 billion and extends its period until December 2028. Source: Jamaica Gleaner