Market News - Page 139 of 342 - New Energy Events

Bank fees for green debt surpass fossil-fuel financing
January 5, 2022
For the first time since the 2015 Paris Climate Agreement banks earned more through green-related bond sales and loans than through helping fossil fuel companies raise money in debt markets. Overall, banks made an estimated $3.4 billion in green labeled debt deals and only $3.3 billion from working with gas, oil, and coal companies. In […]
Barbados phases out inefficient lighting in an effort to meet its renewable energy goals by 2030
January 5, 2022
In an effort to achieve its goal of becoming a 100 per cent renewable energy and carbon-neutral island-state by 2030, Barbados has began the first of five phases by prohibiting the importation of any electrical lamp which emits less than 15 lumens per watt. The objective of the phase-out process is to reduce the cost […]
Banks look for mandates to finance Caribbean renewable energy projects
January 4, 2022
Caribbean commercial and investment banks, once hesitant, are now moving aggressively to finance clean energy projects across the region. Source: Jamaica Observer
Chile’s 2022 power auction announced
January 3, 2022
The Chilean Energy Commission (CNE) is set to launch a new power auction later this month. The auction will give domestic and international power producers, including renewable energy generators the chance to close 15-year PPAs with qualified distributors. One of the conditions of the auction will ensure that electricity distributors in the country secure up […]
Enel Green Power completes construction of apiary as part of a 187MW solar project in Colombia
January 3, 2022
Enel Green Power focuses on promoting the coexistence of bees, community, and clean energy with the construction of an apiary as part of their La Loma solar project. La Loma is a 187MW (dc) solar project currently in construction in Colombia. Solar apiaries, like this one consist of hives located within the solar energy projects. […]
Vestas secures 430MW service contract in Brazil
January 3, 2022
Vestas signed an agreement with Renova Energia for the maintenance of the 430MW Alto Sertao 3 wind complex in the Bahia region of Brazil with 24 wind farms. The agreement hands Vestas the responsibility for the operation and maintenance of 155 Alstom ECO 100, 110 and 122 turbines. They also signed an agreement in Argentina […]
The World Bank approves US$300 million loan to support Colombia’s resilience to disasters, climate change and health emergencies
December 28, 2021
The World Bank approved the Third Disaster Risk Management Development Policy Loan with a Cat DDO III, a US $300 million loan to aid in strengthening Colombia’s resilience to natural hazards, climate change and health emergencies. The Ministry of Finance and Public Credit and the National Planning Department, Colombia will be responsible for coordinating the […]
Chile plans six green hydrogen projects by 2025
December 28, 2021
Corfo, a Chilean development agency has approved six hydrogen projects with a cumulative electrolyzer capacity of 396MW for development, financed by US$50 million in public subsidies. These projects are expected to increase the production of green hydrogen to more than 45,000 tons per year and attract new investments of US$1 billion. Their goal is to […]
IDB closes year with nearly US$20 billion in new financing for the Caribbean and Latin America
December 28, 2021
The Inter-American Development Bank (IDB) and its private-sector arm, IDB Invest predict they will end 2021 with $19.5 billion in new investments for Latin America and the Caribbean. The financing is the second-highest annual total in the history of the organizations. The investments have helped countries start to recover from the pandemic and shift towards […]