Industry Analysis - Page 129 of 135

Banco Popular Dominicano approves green bond issue of USD 45 million
March 29, 2022
The Banco Popular Dominicano approved the issuance of a US$45 million green bond to finance new renewable energy, electro-mobility, and eco-efficiency projects. Source: Bloomberg Linea
Brazilian state of Rio Grande do Sul signed an MoU with Enerfin do Brasil to construct a green hydrogen project
March 29, 2022
The government of the Brazilian state of Rio Grande do Sul signed an MoU with Enerfin do Brasil, the Brazil-based renewables subsidiary of Spanish infrastructure builder Elecnor SA to construct a green hydrogen project in the state’s Rio Grande port. Source: Renewables Now
The Dominican Republic’s Ministry of Mines and Energy signs three PPA’s for 128 MW of solar and biomass projects
March 17, 2022
The Dominican Republic’s Ministry of Mines and Energy signed three PPA’s for 128 MW for two solar parks with a combined capacity of 93 MW and one biomass-based project of 35 MW. The overall investment for the plants will be $197 million. Source: Renewables Now
IDB issues EOI to help support GPL’s shift to modernize Guyana’s grid
March 17, 2022
The IDB issued a call for expressions of interest to help support Guyana Power & Light’s shift towards grid modernization. The efforts include assisting with GPL’s smart grid deployment to incorporate intermittent renewable energy systems. Source: BN Americas
RESEMBID funds seven sustainable development projects with grants totaling USD 3 million
March 17, 2022
The Caribbean Overseas Countries and Territories (OCTs) Resilience, Sustainable Energy, and Marine Biodiversity Programme (RESEMBID) are funding seven sustainable development projects in the Caribbean, with grants totaling $3 million. They awarded grants to the Cayman Islands, Anguilla, St. Maarten, CARILEC, and ACS. Source: Caribbean Loop News
Wigton Windfarm Limited acquires 21% stake in Flash Motors Company Limited
March 17, 2022
Wigton Windfarm Limited, the energy facility in Jamaica, acquired a 21% stake in Flash, a holding company registered in St. Lucia. The deal also grants them an equivalent share in Flash’s wholly-owned subsidiary Flash Motors Company Limited. Flash Motors plans to sell electric vehicles in Jamaica, Trinidad & Tobago, and Guyana. Source: Jamaica Gleaner
Barbados Prime Minister defends decision to explore for oil and gas
March 17, 2022
Barbados Prime Minister Mia Mottley defended the decision to explore for oil and gas along their maritime border with Trinidad and Tobago. According to Mottley, describing it as an issue of equity, fossil fuels have the potential to finance Barbados’s bid for net zero. Source: Argus Media
CAF approves two loans of USD 600 million to Colombia to support climate action measures
March 15, 2022
CAF authorizes two loans of $600 million to Colombia to support climate action measures. In addition, CAF approved external financing with a sovereign guarantee of up to $1.2 billion to finance investment initiatives that will fulfill the Sustainable Development Goals of Colombia. Source: World Today News
El Salvador will expand its installed geothermal power energy generation to 300 MW
March 15, 2022
El Salvador will expand its installed geothermal power energy generation from 204 MW to 300 MW with the construction of new plants in Chinameca, San Vicente and Volcán de Conchagua. Source: Think Geo Energy