ESG & Climate Finance

InterEnergy Group Refinances its USD 42 Million PMGD Portfolio in Chile

January 24, 2022

InterEnergy Group is refinancing its combined wind and solar PMGD portfolio in Chile, worth USD 48.2 million through the private placement of bonds. Source: InterEnergy  

ACCIONA Energía Closes on Placement of a EUR 500 Million Green Bond

January 24, 2022

ACCIONA Energía closes a competitive, long-term placement of a EUR 500 million ten-year green bond issuance, with nearly 80% of the bonds allocated to sustainability-focused investors. Source: ACCIONA

BNP Paribas SA Estimates USD 880 billion in Green Bond Sales Worldwide

January 19, 2022

Latin America is estimated to be the world’s largest developing issuer of new ESG debt. BNP Paribas SA, one of the largest underwriters of ESG (Environmental, Social and Governance)-linked bonds, projects USD 880 billion in green bond sales worldwide, including USD 265 billion from emerging markets in 2022. Around 40% of all Latin American bond […]

Matrix Renewables Closes Financing for 328-MW Solar Distributed Generation Portfolio in Chile

January 14, 2022

Matrix Renewables, a Madrid-based renewable energy platform backed by the global alternative asset manager, TPG, closed a non-recourse, long-term financing agreement for 328 MW of solar-distributed generation (DG) projects in Chile. Out of the 48 photovoltaic projects in Chile’s PMGD program (projects with a generation capacity surplus lower than or equal to 9,000 kW), the […]

Bank fees for green debt surpass fossil-fuel financing

January 5, 2022

For the first time since the 2015 Paris Climate Agreement banks earned more through green-related bond sales and loans than through helping fossil fuel companies raise money in debt markets. Overall, banks made an estimated $3.4 billion in green labeled debt deals and only $3.3 billion from working with gas, oil, and coal companies. In […]

Chile’s 2022 power auction announced

January 3, 2022

The Chilean Energy Commission (CNE) is set to launch a new power auction later this month. The auction will give domestic and international power producers, including renewable energy generators the chance to close 15-year PPAs with qualified distributors. One of the conditions of the auction will ensure that electricity distributors in the country secure up […]

The World Bank approves US$300 million loan to support Colombia’s resilience to disasters, climate change and health emergencies

December 28, 2021

The World Bank approved the Third Disaster Risk Management Development Policy Loan with a Cat DDO III, a US $300 million loan to aid in strengthening Colombia’s resilience to natural hazards, climate change and health emergencies. The Ministry of Finance and Public Credit and the National Planning Department, Colombia will be responsible for coordinating the […]

Engie secures financing for 434MW wind complex in Brazil

December 21, 2021

Engie’s 434MW Santo Agostinho wind farm complex in the Brazilian region of Rio Grande do Norte gains the support of Brazil’s National Bank for Economic and Social Development (BNDES). They will provide Engie with 64% of the project’s total investment. The development includes 14 wind farms and construction will employ 900 local workers. The finances […]

EDF Renewables wins a microgrid tender in Peru combining solar power generation and storage, to supply the biggest remote city in the world

December 21, 2021

EDF Renewables have been awarded the tender for a microgrid in Iquitos, Peru and plans to develop and operate around 100 MW of photovoltaic capacities, and more than 100 MW of battery energy storage. The agreement includes a 20 year PPA with the state-owned electricity distribution company, Electro Oriente aiming to provide electricity at a […]