ESG finance - Page 4 of 7 - New Energy Events

IFC plans to maintain its environment-focused investments in Brazil, regardless of election outcome
April 14, 2022
The International Finance Corporation (IFC), the World Bank’s private-sector arm, plans to maintain the pace of its environment-focused investments in Brazil regardless of the outcome of the country’s October presidential election. Source: Reuters
Government of Dominica acquires Emera’s majority holdings in DOMLEC
April 14, 2022
Emera Incorporated announces the sale of its majority holding in Dominica Electricity Services Limited (DOMLEC) to the Government of the Commonwealth of Dominica. Source: Business Wire
The Bahamas receives USD 9 million to construct two solar microgrids at the University of the Bahamas
April 14, 2022
The University of The Bahamas will construct two solar microgrids on Abaco through a US$9 million non-reimbursable financing agreement facilitated by the European Union Caribbean Investment Facility. Source: The Nassau Guardian
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
Isagén raises USD 94 million from bond placement for non-conventional renewable energy expansion
March 8, 2022
Isagén, the Colombian power company successfully raised US $94 million through a placement of ordinary bonds. The funds will be deployed for hydropower and non-conventional renewable energy expansion. Source: BN Americas
Polaris Infrastructure secures USD 110 million debt refinancing
February 26, 2022
Polaris Infrastructure Inc. secured $110 million in a refinancing package which aligns with its newly extended PPA in Nicaragua to 2039. Source: Think Geo Energy
Dominica signs USD 12 million deal with Iceland Drilling Company for two new geothermal wells
February 26, 2022
Dominica signed a $12.5 million contract with the Iceland Drilling Company to drill two new geothermal wells in the country. The majority of funding comes from UK grants. Source: Think Geo Energy
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
IFC Adds Eastern Caribbean Central Bank to its Sustainable Banking and Financing Network
February 15, 2022
The International Finance Corporation (IFC) added the Eastern Caribbean Central Bank (ECCB) as a new member of the IFC-facilitated Sustainable Banking and Finance Network (SBFN). The ECCB is the first organization in the SBFN from the English-speaking Caribbean. Source: Market Screener