Financing - Page 7 of 9 - New Energy Events

$2b green bond fund created for emerging markets
April 25, 2017
The International Finance Corporation (IFC) and France-based asset manager Amundi SA (EPA:AMUN) today said they have agreed to create a USD-2-billion (EUR 1.9bn) green bond fund that will invest in emerging markets. The new Green Cornerstone Bond Fund will buy green bonds issued by banks in Africa, Asia, the Middle East, Latin America, Eastern Europe […]
Bolivia: Japan to support Phase 2 of Laguna Colorada Geothermal construction with 61 billion yen loan
March 27, 2017
On March 24, the Japan International Cooperation Agency (JICA) signed a loan agreement with the Government of Bolivia to provide a Japanese ODA loan of up to 61.485 billion yen for the Laguna Colorada Geothermal Power Plant Construction Project (Second Stage). The project will meet the growing power demand, contribute to diversification of the energy […]
Grenergy secures $9.8m to build three new solar plants in Chile
March 17, 2017
Adding to its growing Chilean portfolio, Grenergy has made further headway as a market leader in the Chilean energy industry. The company has secured the financing of three new solar plants in the Andean country with the Inter-American Corporation of Infrastructure Financing (CIFI) for an amount of 9.8 million dollars (9.3 million euros), as reported […]
World Bank approves $480m for Argentina renewables sector
March 2, 2017
The World Bank board of directors approved a $480 million guarantee to mobilize private sector investment in the renewable energy sector and help Argentina meet its goal of twenty percent renewables by 2025. “The support of the World Bank is facilitating progress in our country to achieve in a few months what was not done […]
UAE-Caribbean renewables fund opens first application cycle
February 15, 2017
The UAE-Caribbean Renewable Energy Fund, announced last month at the IRENA General Assembly, has released guidelines and officially opened applications for the first cycle of funding. The government of the United Arab Emirates (UAE) is supporting renewable energy projects in Caribbean islands through $50m in grants, with two key objectives: Increase the use and resilience […]
Dominica contributes $16m towards geothermal project
February 15, 2017
Dominica’s race to geothermal is speeding up with the latest injection of US$16m/EC$45m towards the project, as announced by the Hon Prime Minister and Minister for Finance, Dr. Roosevelt Skerrit, speaking at a private sector forum at the Fort Young Hotel last Friday. Already having committed $15m, and with contributions expected from other financial institutions, […]
Argentina: financing RenovAR
February 15, 2017
Reposted from National Law Review. 2017 will be a year of truth for Argentina’s ambitious renewable energy program (“RenovAR”), which launched in 2015 and set a mandatory renewable energy target of 20 percent by the end of 2025, with incremental targets every two years. In addition to implementing positive reforms in the energy sector, the RenovAR […]
Central America receives $92.5m IFC investment for clean energy financing
January 24, 2017
IFC, a member of the World Bank Group, has provided $92.5 million in long term financing to four subsidiaries of Grupo Promerica in four Central American countries to boost access to finance for small and medium enterprises. Though small and medium enterprises are engines of job creation, representing 95 percent of all companies in Costa […]
SolarPack sees Chile’s low renewable energy prices here to stay
November 6, 2016
Concerns over falling prices in the renewables market were quelled by Spanish solar provider SolarPack, who expressed that they have “very few doubts” in the long-term sustainability of renewables. Questions have arisen from analysts and attendees at the CIREC conference in Santiago last week, asking about the availability of financing for projects such as Granja […]