ESG & Climate Finance - New Energy Events

ESG data market could exceed US$1.3 billion by the end of the year
June 2, 2022
According to US-based management consultancy Opimas, the market for ESG data could exceed US$1.3 billion by the end of the year. Source: Environment Analysis
IFC invests US$10 million in Vatia to promote Colombia’s renewable energy and climate goals
May 18, 2022
The IFC invested US$10 million in Vatia to promote Colombia’s renewable energy and climate goals, helping the country to diversify its energy sources and boost economic resilience. Source: Renewables Now
Cobra to invest US$181 million into the largest wind project in Ecuador
May 18, 2022
Spain’s Cobra has committed to investing over US$181 million in a 110 MW wind project in Ecuador. The project is set to be the largest wind farm in the country. Source: Renewables Now
Costa Rica authorizes Coopeguanacaste to issue green bonds worth USD 46 million
May 17, 2022
Costa Rica’s securities regulator has authorized the power cooperative, Coopeguanacaste to issue US$46 million in green bonds. Source: BN Americas
IDB issues EOI to help support GPL’s shift to modernize Guyana’s grid
March 17, 2022
The IDB issued a call for expressions of interest to help support Guyana Power & Light’s shift towards grid modernization. The efforts include assisting with GPL’s smart grid deployment to incorporate intermittent renewable energy systems. Source: BN Americas
RESEMBID funds seven sustainable development projects with grants totaling USD 3 million
March 17, 2022
The Caribbean Overseas Countries and Territories (OCTs) Resilience, Sustainable Energy, and Marine Biodiversity Programme (RESEMBID) are funding seven sustainable development projects in the Caribbean, with grants totaling $3 million. They awarded grants to the Cayman Islands, Anguilla, St. Maarten, CARILEC, and ACS. Source: Caribbean Loop News
Wigton Windfarm Limited acquires 21% stake in Flash Motors Company Limited
March 17, 2022
Wigton Windfarm Limited, the energy facility in Jamaica, acquired a 21% stake in Flash, a holding company registered in St. Lucia. The deal also grants them an equivalent share in Flash’s wholly-owned subsidiary Flash Motors Company Limited. Flash Motors plans to sell electric vehicles in Jamaica, Trinidad & Tobago, and Guyana. Source: Jamaica Gleaner
CAF approves two loans of USD 600 million to Colombia to support climate action measures
March 15, 2022
CAF authorizes two loans of $600 million to Colombia to support climate action measures. In addition, CAF approved external financing with a sovereign guarantee of up to $1.2 billion to finance investment initiatives that will fulfill the Sustainable Development Goals of Colombia. Source: World Today News
CAF announces shareholder approval for a capital increase of USD 7 billion
March 15, 2022
CAF Development Bank of Latin America announced the approval by shareholders for a capital increase of $7 billion, which will double the organization’s portfolio. The shareholders also approved the incorporation of the Dominican Republic and El Salvador as full members. Source: CAF