Financing - Page 8 of 9 - New Energy Events

Caribbean innovators urged to take advantage of World Bank funding project
October 11, 2016
The Caribbean Climate Innovation Center (CCIC) and the World Bank’s Entrepreneurship Programme for Innovation in the Caribbean (EPIC) encourage entrepreneurs in the Caribbean to access funding for projects involving energy and mobile innovations. Areas of interest include clean technologies in energy, water, agriculture, and transport; the initiative is designed to help local innovators access opportunities […]
OPIC Board approves $135m financing for Ormat geothermal project in Honduras
September 21, 2016
The Platanares geothermal project by Ormat Technologies in Western Honduras will receive financing of US$135 million from OPIC, as part of a US$1 billion commitment by the organization to fund new development projects. The Overseas Private Investment Corporation (OPIC) approved the investment for the development, construction, and operation of the 35 MW Platanares plant. As […]
Renewable Energy Projects Secured $6 Billion From Multilateral Banks In 2015
September 12, 2016
Six banks: The World Bank, The European Investment Bank (EIB), the Inter-American Development Bank (IDB), the Asian Development Bank (ADB), the African Development Bank (AfDB), and the European Bank for Reconstruction and Development (EBRD) provided a total of $25 billion in climate finance across the world last year. Renewable energy projects secured $6 billion in […]
USAID offers solar project financing training
July 13, 2016
USAID and the Caribbean Clean Energy Program held a workshop to introduce local organizations to financing for solar energy projects. The event facilitated networking opportunities for stakeholders from thirteen organizations in the financial, educational, and energy sectors, introducing participants to the basics of designing and developing successful solar energy projects. First in a series aimed […]
Latin America: Big credit line for development of geothermal energy from German bank
May 16, 2016
Germany’s Ministry for Economic Cooperation and Development (BMZ) and Development Bank of Latin America (CAF) signed an agreement to promote the development of energy projects in Colombia, Ecuador, Peru, Bolivia, Chile and Mexico. The first credit line of €250 million (c. $286 million) will be allocated to lowering financing that CAF grants to geothermal projects in the region. The […]
IDB to help Costa Rica boost renewables and grid capacity
December 1, 2015
The Inter-American Development Bank (IDB) has extended a USD 500 million credit line to Costa Rica to increase its renewable energy capacity and to expand its transmission and distribution networks. Although Costa Rica sourced 98.8% of its energy thus far in 2015 from renewable sources, energy demands will increase significantly in the future. According to […]
Barbados to benefit from $9 million EU energy boost
November 5, 2015
An agreement signed between Barbados and the European Union is part of a plan to cement relations between the Caribbean and the Union. The EU will invest US$9.1 million to develop the local energy sector under the Barbados National Indicative Programme (NIP). Disbursed under the 11th European Development Fund (EDF), the investment will support the […]
A Boost for Green Energy in the Eastern Caribbean
October 18, 2015
A Boost for Green Energy in the Eastern Caribbean The United Kingdom’s Department for International Development is increasing its support for the development of green energy in the Eastern Caribbean. An agreement to contribute approximately $3.9 million USD will provide support the Caribbean Development Bank’s Sustainable Energy for the Eastern Caribbean initiative. Financing will support […]
Affordable Financing for Climate Change Mitigation Projects in Jamaica
September 16, 2015
The United States Agency for International Development (USAID) and the First Global Bank have partnered to give Jamaicans access to affordable loan financing for projects related to climate-smart agricultural and climate change mitigation solutions. According to Peter Lindo, Vice President of First Global Bank, the loans are different than traditional green financing, which typically targets […]