US$10 million approved for fund to promote clean energy in Latin America and the Caribbean
CleanTech - a private capital Fund, managed by Emerging Energy & Environment - was set up to continue the success of the original CleanTech Fund which is now fully invested. The main geographical focus is Brazil, Chile, Colombia, Mexico and Peru; however, it will also invest in other markets in the region.
CAF President & CEO Enrique García said the Institution’s participation is due to its interest in projects that help reduce Global Warming and promote the use of alternative clean energy in Latin America, as implemented through the Latin American Carbon and Alternative Clean Energy Program (PLAC+e).
“This investment will facilitate increased participation by private investment in the renewable energy sector in the region” García added, emphasizing CAF’s catalytic role in strengthening and promoting the Fund’s actions with international investors.
CAF's more recent content
CAF, JICA and Sicredi join forces to support women and rural producer
The amount represents the largest international facility ever undertaken by Sicredi, with the involvement of four internationally renowned entities: Banco Finantia, BNP Paribas, Eco.business Fund, and Sumitomo Mitsui Banking Corporation (SMBC). The funds raised can also be used in regions with a Human Development Index below the national average.
CAF-FAO: Digitization project for agribusiness with repository launch
The Food and Agriculture Organization of the United Nations (FAO), CAF -development bank of Latin America and the Caribbean-, the Ministry of Agriculture, Land and Fisheries and the Tobago House of Assembly celebrated the successful completion of the “Digitization and Innovation for the Competitiveness and Sustainability of the Agribusiness Sector in Trinidad and Tobago” project. The closing ceremony, that took place on the 29th of July, marked a significant milestone in the country's efforts to modernize and enhance the agricultural sector.