World Bank - New Energy Events

World Bank’s new RFP calls for innovative financing to scale up renewable energy development in the Eastern Caribbean Currency Union
September 30, 2021
The Eastern Caribbean Currency Union (ECCU) encompasses eight countries and overseas territories[1], all of which are small island developing nations extremely vulnerable to climate change and natural disaster risks. The region is highly dependent on imported expensive fossil fuel to meet its energy requirements despite being endowed with enormous renewable energy (RE) generation potential. The […]
Growth with equity, the priority in the post-pandemic agenda for Latin America and the Caribbean
July 14, 2021
The pandemic has hit the Latin American and Caribbean region hard. Economies contracted more in 2020 than at any other time in over a century. For 2021, we expect a partial recovery. Nevertheless, the best way out of this crisis would be one in which the region can overcome the low growth that persisted before […]
Green recovery of Latin America and the Caribbean is possible and necessary
October 1, 2020
According to the World Bank Group, they “have married investment in COVID-19 response and recovery with finance that prioritizes inclusive development and longer-term resilience across our portfolio in the region. Source
Prime Minister Mia Mottley to chair joint World Bank, IMF committee
August 20, 2020
Mia Amor Mottley, Prime Minister, Minister of Finance, Economic Affairs and Investment of Barbados has been nominated to serve as Development Committee Chair, in a joint appointment with Mesdames Azucena Arbeleche, Minister of Economy and Finance of Uruguay. In line with the nomination by the Chairs of the Latin American and the Caribbean Region, the […]
Another solar pipeline in Mexico secures multilateral backing
November 22, 2019
Energy company IEnova has secured funding for a large-scale, 376MW solar pipeline in Mexico, with support from the World Bank’s International Finance Corp. and the North American Development Bank. The development banks will contribute US$200 million in green loans for the pipeline, which includes the already-operational Pima Solar 110MW plant. This project represents U.S. subsidiary […]
Davivienda Costa Rica receives loan to issue green bond
July 26, 2019
Costa Rica has received a loan from an international body to finance green projects through the issuance of green bonds. Costa Rica received a USD 35 million loan from the International Finance Corporation (IFC), a World Bank Group member. The loan was made to Davivienda, a subsidiary of the Colombian bank. Luc Grillet, Senior Manager […]
Action plan to strengthen Blue Economy in Caribbean published by World Bank
June 3, 2019
A new World Bank report examines the importance of tackling marine pollution to ensure the Caribbean region is resilient to climate change. The report, “Marine Pollution in the Caribbean: Not a Minute to Waste”, calls for urgent action to restore damaged ecosystems and protect the Caribbean’s marine resources. The ocean is a key source of […]
USD 27m for 7MW geothermal project in Dominica
March 20, 2019
The World Bank has approved a budget of USD27 million for the funding and development of a 7MW geothermal power plant in Dominica. This small geothermal power plant is a step further for Dominica’s aim to diversify the country’s energy matrix and increase renewable energy sources for the production of electricity. This project, which is […]
Dominica negotiates funding with World Bank for geothermal project
February 4, 2019
The on-going geothermal project in Dominica will receive funding in the form of grant financing, officials have confirmed, after negotiations concluded with a World Bank delegation. The Co-ordinator of the Dominica Geothermal Energy Project, Ambassador Vince Henderson, announced officials were pleased with the outcome of these negotiations. A USD10 million grant from the United Kingdom’s […]