Iberdrola seals EUR-690m loan with EIB at COP25
Dec 05, 2019 16:59 CESTOctober 21 (Renewables Now) - The Colombian government and the local development bank Financiera de Desarrollo Nacional SA (FDN) have obtained guarantees for USD 81 million (EUR 72.5m) to facilitate the financing of renewable energy projects in the country.
A USD-41-million (EUR 36.7m) guarantee from the International Bank for Reconstruction and Development (IBRD) and USD 40 million guaranteed by the Clean Technology Fund (CTF) will enable FDN to promote new clean energy projects, the Colombian mining and energy ministry said Friday.
The guarantees will empower FDN to offer a wide range of financial instruments to improve the renewables projects' risk profiles, mitigate investment barriers and risks, attract long-term financing, as well as competition from local and international investors.
The Colombian government will back the guarantees for up to USD 53 million, through the National Council for Economic and Social Policy (CONPES).
(USD 1 = 0.894)
Iberdrola seals EUR-690m loan with EIB at COP25
Dec 05, 2019 16:59 CESTEnel Green Power commissions 74 MW of Spanish wind farms
Dec 05, 2019 16:13 CESTGoldwind eyes turbine supply for Valencia port's wind project
Dec 05, 2019 15:25 CESTPrysmian to supply cable system for Equinor's Empire Wind project
Dec 05, 2019 15:08 CESTSembcorp to pay USD 59m for remaining stake in Indian arm
Dec 05, 2019 14:44 CESTInvenergy, EPM sign 400-MW renewables deal in Colombia
Nov 28, 2019 13:22 CEST