Financing - Page 5 of 9 - New Energy Events

Geothermal projects in LAC region receive USD 15m for exploration and drilling support
October 25, 2018
The Geothermal Development Facility (GDF) for Latin America has awarded USD 15 million to support surface studies and exploratory drilling for seven geothermal projects in Chile, Peru, Nicaragua and Guatemala. It is expected that the funding will catalyse a further USD 1.84 billion in future investment into geothermal development in the Latin American region. The […]
New credit line to support renewable energy projects in Brazil
October 24, 2018
The Japan Bank for International Cooperation (JBIC) has signed a loan agreement with BNDES, Brazilian Development Bank, to set up a credit line totalling up to USD 1 billion for environment-related project focusing on clean energy in Brazil. The financing, which establishes the fifth credit line from JBIC to BNDES, is part of JBIC’s renewable […]
USD 1bn from Green Climate Fund to support climate action projects
October 24, 2018
Nineteen new projects supporting climate action in developing countries were approved for financing at the 21st meeting of the Green Climate Fund (GCF) Board, and will receive a total of USD 1.048 million. The GCF board also launched the Fund’s first formal replenishment, a key moment in the development of what is now the world’s […]
Cuba to install first solar PV park with foreign investment
October 23, 2018
Mariel Solar S.A. will be starting installation of a 102 GWh per year solar park, Cuba’s first PV installation with 100% foreign capital. The park will be located in the Special Development Zone of Mariel, a commercial hub and port west of La Habana. It will comprise of over 300 000 panels on a zone […]
Need for climate finance in Caribbean region emphasised at UNEP meeting
October 19, 2018
Climate finance and access to climate funds is key for climate adaptation and resilience in the Caribbean region, said representatives at UNEP’s XXI Forum of Ministers of Environment of Latin America and the Caribbean 2018. Issues of food security, emergency preparedness, resilient infrastructure and threats to the islands’ tourism economies were discussed in Buenos Aires. […]
UAE-Caribbean Renewable Energy Fund to provide $34.5 million in grants
October 1, 2018
Dr. Thani bin Ahmed Al-Zeyoudi, UAE’s Minister of Climate Change and Environment confirmed the UAE will be providing $34.5 million in funding for renewable energy projects in the Caribbean located for enhanced resilience, and with technologies designed to withstand Category-5 hurricanes. This new funding is an addition to the $15 million in projects announced last […]
Solar and wind projects secure financing in Dominican Republic
May 10, 2018
Two renewable energy project developers in the Dominican Republic advanced financing plans this week, securing debt for solar and wind-powered projects on the Caribbean island. The Monte Plata solar plant will expand capacity from its current 30 MW (commissioned in September 2016) to 69 MW. Once operational, it will be the largest solar plant in the […]
IFC funding to encourage clean energy development in Nicaragua
March 15, 2018
Small and medium size entrepreneurs in Nicaragua are getting a big financial lift from a new IFC program. A member of the World Bank Group, IFC is structuring a will provide up to $115 million in financing to Nicaragua’s Banco LAFISE BANCENTRO, S.A., meant to boost access to credit for small and medium entrepreneurs and […]
El Salvador will build 100 MW solar PV with $15m financing from Finland
January 15, 2018
El Salvador’s renewable energy share is steadily growing, and an injection of $15m for a solar project will see that share increase further. Marking FinnFund’s first entry into El Salvador, the Finnish development financier will provide $15 million in loan funding to build 100 MW of solar PV across rural areas. Ten solar power plants […]