ESG finance - New Energy Events

Portland Private Equity announces launch of US$350 million Portland Caribbean Fund III; fund will make a series of social investments in the region
January 18, 2023
Portland Private Equity plans to use US$350 million in financing to make a series of social investments in the Caribbean under the Portland Caribbean Fund III. The third version of the fund will focus on investing in scalable regional businesses. Source: Jamaica Gleaner
The World Bank provides US$110 million in financing to support Barbados’s transition to low-carbon economic development and climate resilience
January 18, 2023
The World Bank approves US$110 million in financing for Barbados to support its low-carbon economic development and climate resilience. The loan has two main pillars, the first focusing on green and blue resilient development, including water reuse, adoption of climate change and agriculture policy, and the establishment of an Environmental Sustainability Fund, among other items. […]
The IFC has granted a green loan of US$25 million to the Inter-American Finance Bank of Peru
December 8, 2022
The IFC has granted US$25 million to the Inter-American Finance Bank of Peru for green construction, energy efficiency and climate-smart agribusiness projects. Source: PV Magazine LATAM
The IDB approves loans for a total of US$650 million to Uruguay and Argentina to aid in the low-carbon energy transition
December 8, 2022
The IDB has approved two lines of credit to Uruguay and Argentina, one of US$150 million, and another of US$500 million. The loans will be used to meet the goals of the low-carbon energy transitions in both countries. Source: PV Magazine LATAM
Enel Colombia secures loans totaling US$94.2 million to advance rural electrification and build new renewable and electrical substations
December 8, 2022
Enel Colombia received loans totaling US$94.2 million to focus on bringing electricity to rural areas and to increase its renewable energy capacity while reducing thermal generation. Source: Renewables Now
How is ESG re-shaping business and investment in the Caribbean?
November 09, 2022
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BNDES approves loan for US$130.2 million to support the development of 288 MW of wind parks
November 2, 2022
The Brazilian Development Bank (BNDES) will loan local developer, Casa dos Ventos, US$130.2 million to support the construction of 288 MW of wind parks. Source: Renewables Now
Brookfield Renewable and Stonefield will invest US$1 billion into the InterEnergy Group
October 19, 2022
Brookfield Renewable and Stonepeak partner to invest up to US$1 billion into the InterEnergy Group over the next four years. InterEnergy Group has operations in the Dominican Republic, Panama, Jamaica, Chile and Uruguay. Source: Renewables Now
Toyota’s financing division in Mexico received a loan from BBVA to fund loans for hybrid vehicles
October 5, 2022
Toyota’s financing division in Mexico received a green loan for US$225 million from a local branch of the Spanish bank, BBVA, to fund loans for hybrid vehicles. Source: Latin Finance