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Get the news on sustainable finance & investment in Latin America Email * Company * Δ NEWSLETTER DELIVERED MONTHLY THANKS TO European Union-backed investment firm Climate Fund Managers (CFM) said it raised $85.2 million in equity funding for the construction of two renewable energy projects in Colombia. For the first project, a 132 GWh hydropower plant in Antioquia department, the firm provided $2 million and arranged $64 million in equity funding, of which $7.5 million came from from the EU’s Energy Efficiency Initiative, the company said Tuesday in a press release. For the second project, a 43.1 GWh solar power plant in Santander department, CFM also provided $1 million and mobilized $18.2 million in equity funding. The hydroelectric plant will be built by Colombian construction firm IP Ingenieros, and the solar plant will be developed in partnership with local power producer Erco Energía, the release said. ADVERTISEMENT Overcoming Three Challenges to Unlock the Potential of Green Hydrogen Several countries in Latin America and the Caribbean have an adequate renewable energy generation capacity, abundant water resources and other favorable conditions to diversify the power generation matrices and decarbonize energy-intensive industrial segments. Breaking down legal, regulatory, financial, technical and market barriers can help them lead the charge on clean energy initiatives. Dutch-based CFM, which operates two EU-supported, billion-dollar emerging market funds, also said it opened an office in Bogotá that will serve as its base for Latin America. The company says its first investment in the region was in Ecuador’s first debt-for-nature swap that closed in May 2023. More Sustainable Finance & Investment News FREE TO READ THANKS TO Ambipar, Interbank, Buenaventura line up fresh issuance BRK lands financing for Maranhão expansion Banco W prints second social bond Gerdau snaps up hydro power plants Finanzauto taps Bladex for ESG loan IFC approves Banco Pichincha loan EDP Renováveis requests SLL from IFC CABEI, Funo price ESG bonds CABEI talks pricing for sustainable bonds Acciona taps SLL Funo firms up new SLB issuance Aegea subsidiary tees up ESG bond deals Load more posts Something went wrong. Please refresh the page and/or try again.
