Financing - Page 6 of 9 - New Energy Events

EU provides 12m EUR to support Caribbean geothermal development
November 27, 2017
The EU will contribute 12m EUR to the Geothermal Risk Mitigation Programme for the Eastern Caribbean. Through this program, five countries are eligible to receive assistance for development of geothermal energy up to 60 MW, including: Dominica, Grenada, St. Kitts and Nevis, Saint Lucia, and St. Vincent and the Grenadines. The €12 million in grant funding […]
Jamaica’s energy efficiency program receives $15m loan from JICA
November 27, 2017
Jamaica is taking strides towards energy efficiency, and a recent injection of $15m into the program will provide training to energy management staff, retrofit LED lighting, and lower vehicle fuel consumption, among other components. The $15m loan comes from the Japanese International Cooperation Agency (JICA), and is part of a joint $30m loan with the […]
U.S. to provide $4.3m funding to Caribbean for energy diversification
November 20, 2017
The United States State Department announced they will provide $4.3 million in funding to support energy diversification in the Caribbean. Opportunities through the funding will include technical assistance, grant funding for project preparation, and new opportunities for U.S. energy firms and exports. The announcement of the funding was first made on Wednesday at the U.S. […]
6th application round opens for IRENA and Abu Dhabi renewables fund
November 20, 2017
The International Renewable Energy Agency (IRENA), in partnership with the Abu Dhabi Fund for Development (ADFD), is inviting applications for renewable energy projects in developing countries. Within the framework of the ADFD-funded US$350 million (AED1.285 billion) IRENA/ADFD Project Facility, the current funding round of US$50 million in concessional loans marks the sixth of seven annual […]
WRB Serra Partners Closes Fund I at $46.5 Million
October 26, 2017
On October 12, Florida-based private equity firm WRB Serra Partners successfully closed Fund I with committed capital of $46.5 million. The capital is sourced from a mix of family office and institutional investors, along with the Overseas Private Investment Corporation. WRB Serra Partners is an active investor in renewable energy, energy efficiency, and water infrastructure […]
Mexico and Chile wind farms secure significant project finance
August 21, 2017
In Chile, Aela Energy has obtained US$410mn for two wind farms, while Zuma Energia has borrowed US$600mn for what will be Latin America’s largest wind farm, located in Mexico. Aela Energy is a joint venture between Mainstream Renewable Power and Actis. The project financing will be provided by the Inter-American Development Bank, BTMU, SMBC, Korean […]
Argentina’s RenovAr projects await investors
July 21, 2017
Argentina’s RenovAr program is ambitious in scope, endeavoring to grow renewables to 20% of the national energy matrix by 2025. RenovAr held two energy auctions which resulted in 59 auctioned projects totaling 2.4 GW of new renewable capacity valued at $4 billion. However, many companies who bid for these projects are still in search of […]
Brazil approves resolution to create $750m renewables financing program
July 20, 2017
The Brazilian Senate has approved on Thursday a draft resolution (PRS 25/2017) that authorizes an external credit of $750 million for the financing of the country’s incentive program for renewables, Programa de Financiamento para Energia Sustentável. The additional funds, which will be provided by the Brazilian Development Bank (BNDES) and the Inter-AmericanDevelopment Bank (IDB), will be […]
CDB-EIB sign $110m financing package to support climate adaptation and mitigation projects in Caribbean
May 25, 2017
The European Investment Bank (EIB) and Caribbean Development Bank (CDB) have signed an agreement providing USD $110m low-cost financing to support investment projects in the Caribbean under CDB’s climate action policy. Eligible projects include investments in climate change mitigation, adaptation and resilience projects in renewable energy and energy efficiency, and infrastructure that reduces greenhouse gas […]