IDB - Page 2 of 8 - New Energy Events

The IDB approves loan for US$200 million to electrify rural communities in Bolivia
November 9, 2023
The IDB approved a US$200 million dollar loan in support of a Bolivian program that works to universalize electric energy service, specifically in rural areas. The program will use different technologies to supply electricity, including the installation of solar plants, the extension of distribution networks, construction of mini-grids with hybrid renewable energy systems and energy […]
The IDB and Banco do Brasil sign letter of intent to fund sustainable development in the Amazon rainforest
September 28, 2023
The IDB and Banco do Brasil signed a letter of intent for a US$250 million credit line to fund sustainable development in Brazil’s Amazon rainforest. Source: Reuters
IDB approves a US$1 billion line of credit for investments boosting productivity and sustainable development in Chile
December 22, 2022
The IDB approved a line of credit for US$1 billion towards investment projects in Chile that will aid in boosting productivity and sustainable development. The first disbursement of the 25-year loan – US$400 million, was already authorized. Source: Latin Finance
The IDB approves loans for a total of US$650 million to Uruguay and Argentina to aid in the low-carbon energy transition
December 8, 2022
The IDB has approved two lines of credit to Uruguay and Argentina, one of US$150 million, and another of US$500 million. The loans will be used to meet the goals of the low-carbon energy transitions in both countries. Source: PV Magazine LATAM
IDB Invest to loan up to US$60 million to Costa Rican lender for green projects
November 3, 2022
IDB Invest is gearing up to grant an A/B loan for up to US$60 million to provide financing for green projects to the Costa Rican lender, Davivienda. Source: Latin Finance
Guyana, alongside the IDB, signed a financing agreement with the Norwegian Agency for Development Cooperation to invest in eight photovoltaic projects
October 5, 2022
Guyana, alongside the IDB, signed a financing agreement for around US$83.3 million with the Norwegian Agency for Development Cooperation to invest in eight photovoltaic projects totaling 33 MW with 34 MWh energy storage systems. Source: PV Magazine LATAM
The IDB increases its sale of sustainable bonds to US$3 billion
September 21, 2022
The IDB has increased its latest sale of sustainable bonds to US$3 billion after investors placed around US$3.7 billion in orders. Source: Latin Finance
IDB Invest sold US$124 million worth of three-year social bonds in Mexico
September 7, 2022
IDB Invest sold US$124 million worth of three-year social bonds in the Mexican market. They will use the proceeds to fund loans for small businesses in LAC. Source: Latin Finance
Engie SA secured a US$300 million loan from the IDB for a 296 MW wind farm in Peru
August 24, 2022
Engie SA secured a US$300 million loan from the Inter-American Development Bank for the 260 MW Punta Lomitas wind farm in Peru, a 36.4 MW expansion, and a 60 km power line that will connect the plant to the national grid. Source: Renewables Now