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Market News

  • Polaris Infrastructure secures USD 110 million debt refinancing 

    February 26, 2022

    Polaris Infrastructure Inc. secured $110 million in a refinancing package which aligns with its newly extended PPA in Nicaragua to 2039. Source: Think Geo Energy

  • Dominica signs USD 12 million deal with Iceland Drilling Company for two new geothermal wells

    February 26, 2022

    Dominica signed a $12.5 million contract with the Iceland Drilling Company to drill two new geothermal wells in the country. The majority of funding comes from UK grants. Source: Think Geo Energy 

  • Atlas Renewable Energy secures USD 76 million loan to construct solar plant in Brazil

    February 26, 2022

    Global renewable energy generator, Atlas Renewable Energy, secured a $76 million loan to construct the Lar do Sol – Casablanca II solar plant in Minas Gerais. The funding came from Brazil’s Northeastern Bank’s Northeastern Constitutional Financing Fund. The plant will have an installed capacity of 239 MWp. Source: Energy Digital

  • Colombia signs MOU with Port of Rotterdam to supply hydrogen

    February 26, 2022

    Colombia signed a memorandum with the Port of Rotterdam to supply hydrogen. The Port of Rotterdam also formed green hydrogen agreements with Chile and Brazil, making Colombia the third point of supply. Source: Power Engineering International

  • Barbados Prime Minister proposes Regional Renewable Energy Fund

    February 26, 2022

    The Prime Minister of Barbados, Mia Mottley, proposed the establishment of a regional renewable energy fund to finance the transition towards net zero. Mottley called for at least 10% of net revenues from new energy exporters in the Caribbean region. Source: Stabroek News

  • Rubis Acquires 51% of HDF’s Hydrogen Power and Storage Project in Barbados

    February 16, 2022

    Rubis has acquired 51% of HDF’s hydrogen power and storage project in Barbados. Producing baseload power for 16,000 Barbadians from solar and locally produced green hydrogen, the project is the largest hydrogen power and storage project under development in the Caribbean. Source: Market Screener

  • The Caribbean Community Climate Change Centre Wins Energy Globe Award

    February 15, 2022

    The Caribbean Community Climate Change Centre (CCCCC) won the Energy Globe Award at the end of 2021 for its work in transforming the water sector in Barbados. Source: Caribbean National Weekly

  • IFC Adds Eastern Caribbean Central Bank to its Sustainable Banking and Financing Network

    February 15, 2022

    The International Finance Corporation (IFC) added the Eastern Caribbean Central Bank (ECCB) as a new member of the IFC-facilitated Sustainable Banking and Finance Network (SBFN). The ECCB is the first organization in the SBFN from the English-speaking Caribbean. Source: Market Screener

  • Akuo Energy and GAM Capital To Develop 53-MW Matrisol Solar Project in the Dominican Republic

    February 11, 2022

    The Dominican Republic National Energy Commission (CNE) signed an agreement granting French power producer Akuo Energy and investment fund manager GAM Capital permission to develop the 53-MW Matrisol solar project. Financing will come from Banco Popular Dominicano. Matrisol also has a long-lasting power acquisition agreement (PPA) with Cerveceria Nacional Dominicana, which will help with funding […]

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