IDB - New Energy Events

IDB and Chile sign US$180 million in agreements to boost sustainable growth and regional development
March 27, 2025
The IDB and Chile have signed US$180 million in agreements to promote sustainable economic growth, enhance regional government capabilities, diversify exports, and improve essential services on Rapa Nui. The agreements include funding for climate resilience, urban infrastructure, digital talent development, and energy and water service upgrades on Easter Island. Source: IADB
IDB announces US$300 million loan to support Pará State’s goal of net-zero emissions by 2050
August 1, 2024
The Inter-American Development Bank has announced a US$300 million public policy-based loan (PBL) to support the Brazilian state of Pará’s initiative to cut greenhouse gas emissions. The program aims to help Pará achieve net-zero emissions by 2050 through public policy reforms. Source: BNAmericas
Guyana Utility-Scale Solar Photovoltaic (Guysol) partners with Sumec for 18 MW solar parks
April 14, 2024
Guyana Utility-Scale Solar Photovoltaic (Guysol) has partnered with Chinese company Sumec to construct solar parks in Guyana totaling 18 MW. Funding for the projects is sourced from the government’s Guyana REDD+ Investment Fund, managed by the Inter-American Development Bank (IDB). Source: PV Magazine LATAM
IDB approves $60 million credit line to boost blue economy in the Bahamas
April 14, 2024
The Inter-American Development Bank (IDB) proposed a US$60 million Conditional Credit Line for Investment Projects aimed at promoting sustainable development in The Bahamas. This initiative targets the growth of micro, small, and medium-sized enterprises (MSMEs) within the country’s blue economy sector. Source: IDB
IDB approves US$400 million loan to Chile for green hydrogen development
March 14, 2024
The Inter-American Development Bank (IDB) has approved a US$400 million loan to Chile for the development of its green hydrogen industry, marking the first such loan granted by the IDB to a country in the region. Source: PV Magazine LATAM
IDB Lab invests in electric vehicle start-up, GoElectricTT, in Trinidad and Tobago
February 29, 2024
IDB Lab, the innovation arm of the IDB Group, will invest in startup GoElectricTT to introduce electric vehicles in Trinidad and Tobago. Source: IADB
IDB supports Barbados’ sustainable development goals with US$100 million loan
February 15, 2024
The Inter-American Development Bank has approved a US$100 million loan for Barbados to advance its sustainable development goals by modernizing policies and regulations. Source: IADB
IDB and JICA agree additional US$1bn for Cooperation for Economic Recovery and Social Inclusion (CORE) program
February 15, 2024
The Inter-American Development Bank Group (IDB Group) and the Japan International Cooperation Agency (JICA) have decided to boost co-financing under the Cooperation for Economic Recovery and Social Inclusion (CORE) program, benefiting Caribbean countries. The US$1 billion increase will expand the programme’s funding to US$4 billion and extends its period until December 2028. Source: Jamaica Gleaner
The Bahamas secures US$500 million loan backed by an IDB guarantee
January 19, 2024
The Bahamas has finalized a US$500 million 10-year commercial loan backed by an Inter-American Development Bank (IDB) guarantee. The loan will be used for infrastructure, education, and social welfare projects. Source: EWNews