ESG & Climate Finance - Page 2 of 4

Atlas Renewable Energy secures USD 76 million loan to construct solar plant in Brazil
February 26, 2022
Global renewable energy generator, Atlas Renewable Energy, secured a $76 million loan to construct the Lar do Sol – Casablanca II solar plant in Minas Gerais. The funding came from Brazil’s Northeastern Bank’s Northeastern Constitutional Financing Fund. The plant will have an installed capacity of 239 MWp. Source: Energy Digital
Barbados Prime Minister proposes Regional Renewable Energy Fund
February 26, 2022
The Prime Minister of Barbados, Mia Mottley, proposed the establishment of a regional renewable energy fund to finance the transition towards net zero. Mottley called for at least 10% of net revenues from new energy exporters in the Caribbean region. Source: Stabroek News
U.S. Commits USD 12 Billion to Puerto Rico’s Energy Sector
February 2, 2022
The Biden Administration commits USD 12 billion in federal aid for Puerto Rico’s energy sector to strengthen the outdated electric grid. The US Departments of Energy, Homeland Security, and Housing and Urban Development will sign an agreement to ensure the alignment of federal investments with local policies – with all eyes on the goal of […]
Total Eren Commissions 92 MW Terra Santa and 67.5 MW Maral Wind Farms in Brazil
February 2, 2022
Total Eren, an IPP based in Paris, commissioned the Terra Santa and Maral wind farms in Rio Grande do Norte, Brazil. Both wind farms hold a 20-year PPA with the power generator, Cemig GT, and have a total investment of USD 154 million. Together, they will generate 730 GWh per year. Source: Total Eren
IFC Loans USD 60 Million to BBVA Peru for Green Building Finance Market
February 2, 2022
The International Finance Corporation (IFC) allocated USD 60 million in loans to BBVA Peru to support the launch of a financing market for green buildings in Peru. The loan is IFC’s first green project investment in Peru, supported by the Market Accelerator for Green Construction (MAGC) program. Source: LATAM Green (ES) Source: IFC (EN)
CAF Issues USD 382 Million Green Bond
February 2, 2022
The Development Bank of Latin America (CAF) issued a green bond in the Swiss market, equivalent to USD 382 million. The funds will be allocated towards clean-mass-transportation projects, renewable energy, and biodiversity protection. Source: LATAM Green (ES) Source: Atalayar (EN)
Colombia’s Promigas Initiates Hydrogen Pilot Project
February 2, 2022
Promigas, the natural gas company initiates a hydrogen pilot project with plans to become a hydrogen producer. Source: Portafolio (ES)
IMF Reduces 2022 Economic Growth Estimate for Latin America and the Caribbean
February 1, 2022
The International Monetary Fund (IMF) lowered its 2022 economic growth forecast for Brazil and Mexico, the two largest economies in Latin America, by 1.2 percentage points each. The estimate for the entirety of Latin America and the Caribbean was also lowered by 0.6 percentage points to 2.4%, although Argentina is estimated to have a 0.5 […]
Colombia Unveils USD 19 Million Guajira 1 Wind Farm
January 25, 2022
Colombia recently inaugurated the country’s largest wind farm, Guajira 1, which expects to generate around 20MW and had a total investment of about USD 19 million. Elecnor constructed the Guajira 1 wind farm, the first of 16 wind farms to be developed in the area. Source: Power Info Today