ESG and Climate Finance - Page 8 of 16

The Bahamas secures US$500 million loan backed by an IDB guarantee
January 19, 2024
The Bahamas has finalized a US$500 million 10-year commercial loan backed by an Inter-American Development Bank (IDB) guarantee. The loan will be used for infrastructure, education, and social welfare projects. Source: EWNews
Sudene loans US$20.4 million to solar power producer for the development of a 40 MW project in the Minas Gerais state of Brazil
January 4, 2024
Brazil’s Superintendency for the Development of the Northeast (Sudene) loaned solar power producer, Jaiba CE Energias Renovaveis, US$20.4 million to support the development of a 40 MW solar power project in the northern region of Minas Gerais state. Source: Renewables Now
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