Financing - Page 3 of 9 - New Energy Events

USD 30m for financing of solar projects in Central America
March 26, 2019
The energy developer Enertiva announced its partnership with U.S. firm Real Infrastructure Capital Partners will finance over USD 30m of solar energy projects in Central America. The fund will be aimed at regional, medium and large companies operating in Guatemala, El Salvador, Honduras, Nicaragua, Costa Rica and Panama. Companies interested in incorporating solar energy projects […]
USD 27m for 7MW geothermal project in Dominica
March 20, 2019
The World Bank has approved a budget of USD27 million for the funding and development of a 7MW geothermal power plant in Dominica. This small geothermal power plant is a step further for Dominica’s aim to diversify the country’s energy matrix and increase renewable energy sources for the production of electricity. This project, which is […]
Dominica negotiates funding with World Bank for geothermal project
February 4, 2019
The on-going geothermal project in Dominica will receive funding in the form of grant financing, officials have confirmed, after negotiations concluded with a World Bank delegation. The Co-ordinator of the Dominica Geothermal Energy Project, Ambassador Vince Henderson, announced officials were pleased with the outcome of these negotiations. A USD10 million grant from the United Kingdom’s […]
Bloomberg reports clean energy investment exceeded USD300bn
January 24, 2019
Bloomberg New Energy Finance (NEF) have reported that USD 332.1 billion were invested in global clean energy in 2018. This figure is down 8% from 2017, but is nonetheless the “fifth year in a row in which investment exceeded the USD 300 billion mark”, reported the research company. For the solar industry, global PV installations […]
UAE-Caribbean Renewable Energy Fund announces recipients
January 16, 2019
Recipients of the third cycle of the EAU-Caribbean Renewable Fund were announced during IRENA’s General Assembly, last Sunday. Funds were assigned to Jamaica, Cuba, Surinam and Trinidad and Tobago. In total, projects will provide 2.35 MW of solar energy and 600 kW of battery storage plants. The savings of these projects are estimated at USD […]
Barbados fund commits to financing energy sector
January 7, 2019
Barbados’ Enterprise Growth Fund Limited (EGFL) has funded $15.9 million worth of energy projects through its Energy Smart Fund. Mr. Timothy Simmons, the fund’s CEO has reported substantial progress of the renewable energy sector in Barbados, in part supported by the Energy Smart fund. The EGFL funds renewable energy projects for a company, and reduces […]
Eastern Caribbean to receive financing for geothermal
December 20, 2018
The Inter-American Development Bank (IDB) and the Caribbean Development Bank (CDB) will provide over USD 85 million for geothermal development in the Eastern Caribbean. This latest financing is an expansion of the Sustainable Energy Facility programme, under which the two lenders provided a USD 71.5 million loan and grant package for the development of renewable […]
Neoen secures financing for 140MW solar PV plant in El Salvador
November 30, 2018
Neoen, a 100% renewable energy independent power producer, announced it has secured financing for its 140MW solar PV project, Capella Solar, in El Salvador. Lenders which include the Dutch Development Bank, (FMO) The French Development Agency (Proparco), and the Inter-American Development Bank, will provide USD 143 million. These costs include the installation of a 3MW […]
Geothermal project in St. Kitts & Nevis looking for investment
November 23, 2018
The Nevis Island Administration (NIA) announced that the geothermal project on the island is stalling whilst they look for further fund to support the production of renewable energy. Premier Mark Brantley said between USD 50 to USD 60 million are needed so the project may move forward. The first phase of the project, the exploration, […]