LAC Renewable Energy - Page 39 of 84

CIBC Caribbean and IDB Invest sign MoU for sustainable development across the Caribbean
June 19, 2024
CIBC Caribbean and IDB Invest signed an MoU to advance sustainable development across the Caribbean. The MoU established a framework of cooperation between the financial institutions and will focus on fostering the growth of SME’s, while also focusing on GDI efforts, promoting renewable energy and energy efficiency, and boosting digitalization across the region. Source: Business […]
Soleco Energy Limited closes on investment deal with Rubis Caribbean Holdings
June 19, 2024
Soleco Energy Limited closes on an investment by Rubis Caribbean Holdings (RCH). The investment will fund new projects developed by Soleco and aid in expansion across the region. Source: OUR Today
Colombian engineers win first place in DOE’s geothermal energy competition
June 19, 2024
Two Colombian doctoral students at the University of Oklahoma won first place in the technical session of the University Geothermal Energy Competition hosted by the United States Department of Energy. Source: Piensa Geotermia
Barbados pushes for wind energy expansion with IFC partnership
May 31, 2024
The Government of Barbados is collaborating with the International Finance Corporation (IFC) to increase its onshore wind generation capacity, aiming to mitigate climate change impacts and diversify its energy mix while reducing long-term energy costs. Source: St. Vincent Times
Sygnus launches US$135 million Caribbean Community Resilience Fund (CCRF) in Jamaica
May 31, 2024
Sygnus launched a US$135 million Caribbean Community Resilience Fund (CCRF) in Jamaica last week. The CCRF is a 10-year impact investment fund with the possibility of two one-year extensions. It targets critical sectors such as renewable energy, blue economy, sustainable housing, ICT, transport, financial services, and climate-smart agriculture. Source: Jamaica Loop News
Banco do Brasil raises US$100 million with Natixis in triple sustainable repo deal
May 31, 2024
Banco do Brasil raised US$100 million through a triple sustainable repo with Natixis Corporate & Investment Banking. This deal is the first of its kind to combine three sustainable elements in a single transaction. The funds raised will support Banco do Brasil’s sustainability-linked debt framework, with a focus on refinancing its sustainable credit portfolio, particularly […]
CAF secured US$216 million credit line for climate mitigation and biodiversity projects
May 31, 2024
CAF secured a US$216 million green line of credit from its French counterpart, AFD. The funding will be used to finance biodiversity and climate adaptation projects in Latin America. Source: Latin Finance
Corfo incetivizes electrolysers in Chile
May 31, 2024
The Chilean government, through the agency Corfo, has announced a subsidy program offering up to US$10 million for the establishment of new electrolyser factories or assembly plants in the country. Source: Hydrogen Insight
Corfo launches two new green hydrogen initiatives in Chile
May 31, 2024
Corfo has introduced two initiatives aimed at accelerating the growth of the green hydrogen sector in the country. The first initiative involves launching a Call for Proposals (RFP) to encourage the manufacturing and assembly of electrolyzers and their components within Chile. The second initiative, scheduled for June, entails the opening of a tender to establish […]