Industry Analysis - Page 50 of 132

Grenergy Renovables SA commits to net zero by 2040
February 15, 2024
Grenergy Renovables SA has approved a net-zero strategy, targeting carbon neutrality by 2040. The plan involves reducing greenhouse gas emissions across all scopes and transitioning to 100% renewable electricity consumption in projects. Source: Renewables Now
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
IDB Invest and JPS sign US$100 million deal to upgrade Jamaica’s power infrastructure
February 15, 2024
IDB Invest and Jamaica Public Service Company Limited (JPS) have signed a US$100 million financing deal aimed at bolstering JPS’ capital investment program. This funding will aid in modernizing Jamaica’s electricity grid and enhancing electricity access across the country. CIBC Caribbean joined as a co-arranger, mobilizing an additional US$50 million for the initiative. Source: IDB […]
CAF achieves record-breaking bond placement in European market
February 15, 2024
CAF, the Development Bank of Latin America and the Caribbean, recently completed its largest bond placement in Europe, issuing a benchmark EUR1.5 billion with a 6 year term. Source: CAF
Dominican Republic launches bid for 22 MW solar park
February 1, 2024
Dominican Republic state hydroelectric company, Egehid began the bidding process to develop a US$17 million solar project in San Juan. The call is for engineering, procurement, and development of a 22 MW solar park. They also launched new wind project tenders. Applications are due mid-March. Source: BNAmericas
Jamaica Inn takes step towards carbon neutrality with new solar power addition
February 1, 2024
Jamaica Inn in Ocho Rios, St Ann, is making strides towards achieving carbon neutrality by 2026 by adding a 53-kilowatt photovoltaic solar panel plant to its environmental initiatives. The resort’s commitment to sustainable practices is part of its broader ESG program. Source: Jamaican Gleaner
CDF and U.S. announce plans for climate-resilient fund in the Caribbean
February 1, 2024
The CARICOM Development Fund (CDF) and the United States announced plans for a CARICOM Resilience Fund. The new blended finance initiative, with a target of US$100 million, and technical assistance from the U.S. Agency for International Development, will be dedicated to supporting initiatives that enhance growth and resilience in the Caribbean region in the face […]
IFC backs Banco Santander Mexico with US$93 million credit guarantee for SME financing
February 1, 2024
The IFC announced a credit guarantee of US$93 million for Banco Santander Mexico, facilitating increased resources for financing small and medium-sized businesses (SMEs) in the country. Source: IFC
Panama launches groundbreaking 500 MW tender auction for renewables and energy storage
February 1, 2024
Panama has initiated a groundbreaking 500 MW tender auction encompassing renewables and energy storage, marking the first such auction in Central America to include storage. The national secretary of energy and state-owned electricity transmission company, Empresa de Transmisión Eléctrica SA (ETESA), will conduct the bidding process in the second quarter of 2024, with application publication […]