Bladex and Scotiabank lead US$100 million loan for EGE Haina
Bladex and Scotiabank have successfully closed a US$100 million syndicated green loan for EGE Haina, a leading sustainable energy generator in the Dominican Republic. The financing, announced on March 13, 2025, follows the Green Loan Principles (GLP) guidelines and will support EGE Haina's renewable energy assets platform development.
The loan aims to increase renewable energy's share in the Dominican Republic's energy matrix, supporting the company's growth strategy and the country's energy transition. EGE Haina operates a diversified portfolio including wind farms, solar plants, and efficient thermal generation facilities.
The financing adheres to guidelines from the Loan Market Association (LMA) and the Loan Syndications and Trading Association (LSTA), demonstrating both lending institutions' commitment to supporting sustainable projects and economic growth in the region.
Bladex e Scotiabank hanno concluso con successo un prestito sindacato verde di 100 milioni di dollari USA per EGE Haina, un importante generatore di energia sostenibile nella Repubblica Dominicana. Il finanziamento, annunciato il 13 marzo 2025, segue le linee guida dei Green Loan Principles (GLP) e supporterà lo sviluppo della piattaforma di asset energetici rinnovabili di EGE Haina.
Il prestito mira ad aumentare la quota di energia rinnovabile nella matrice energetica della Repubblica Dominicana, sostenendo la strategia di crescita dell'azienda e la transizione energetica del paese. EGE Haina gestisce un portafoglio diversificato che include parchi eolici, impianti solari e impianti di generazione termica efficienti.
Il finanziamento è conforme alle linee guida della Loan Market Association (LMA) e della Loan Syndications and Trading Association (LSTA), dimostrando l'impegno di entrambe le istituzioni creditizie nel sostenere progetti sostenibili e la crescita economica nella regione.
Bladex y Scotiabank han cerrado con éxito un préstamo verde sindicado de 100 millones de dólares estadounidenses para EGE Haina, un líder en generación de energía sostenible en la República Dominicana. El financiamiento, anunciado el 13 de marzo de 2025, sigue las pautas de los Principios de Préstamos Verdes (GLP) y apoyará el desarrollo de la plataforma de activos de energía renovable de EGE Haina.
El préstamo tiene como objetivo aumentar la participación de la energía renovable en la matriz energética de la República Dominicana, apoyando la estrategia de crecimiento de la empresa y la transición energética del país. EGE Haina opera un portafolio diversificado que incluye parques eólicos, plantas solares y instalaciones de generación térmica eficiente.
El financiamiento se adhiere a las pautas de la Loan Market Association (LMA) y la Loan Syndications and Trading Association (LSTA), demostrando el compromiso de ambas instituciones prestamistas de apoyar proyectos sostenibles y el crecimiento económico en la región.
Bladex와 Scotiabank는 도미니카 공화국의 주요 지속 가능한 에너지 생성업체인 EGE Haina를 위한 1억 달러의 신디케이트 그린 대출을 성공적으로 마감했습니다. 2025년 3월 13일 발표된 이 자금은 그린 대출 원칙(GLP) 지침을 따르며 EGE Haina의 재생 가능 에너지 자산 플랫폼 개발을 지원할 것입니다.
이 대출은 도미니카 공화국의 에너지 매트릭스에서 재생 가능 에너지의 비율을 높이는 것을 목표로 하며, 회사의 성장 전략과 국가의 에너지 전환을 지원합니다. EGE Haina는 풍력 발전소, 태양광 발전소 및 효율적인 열 발전 시설을 포함한 다양한 포트폴리오를 운영하고 있습니다.
이 자금은 대출 시장 협회(LMA)와 대출 신디케이션 및 거래 협회(LSTA)의 지침을 준수하며, 두 대출 기관이 지속 가능한 프로젝트와 지역의 경제 성장을 지원하는 데 헌신하고 있음을 보여줍니다.
Bladex et Scotiabank ont réussi à finaliser un prêt vert syndiqué de 100 millions de dollars américains pour EGE Haina, un leader de la génération d'énergie durable en République dominicaine. Le financement, annoncé le 13 mars 2025, suit les directives des Principes de Prêt Vert (GLP) et soutiendra le développement de la plateforme d'actifs d'énergie renouvelable d'EGE Haina.
Le prêt vise à augmenter la part de l'énergie renouvelable dans la matrice énergétique de la République dominicaine, soutenant la stratégie de croissance de l'entreprise et la transition énergétique du pays. EGE Haina gère un portefeuille diversifié comprenant des parcs éoliens, des centrales solaires et des installations de production thermique efficaces.
Le financement respecte les directives de la Loan Market Association (LMA) et de la Loan Syndications and Trading Association (LSTA), démontrant l'engagement des deux institutions de prêt à soutenir des projets durables et la croissance économique dans la région.
Bladex und Scotiabank haben erfolgreich einen 100 Millionen US-Dollar syndizierten grünen Kredit für EGE Haina, einen führenden Anbieter nachhaltiger Energie in der Dominikanischen Republik, abgeschlossen. Die Finanzierung, die am 13. März 2025 bekannt gegeben wurde, folgt den Richtlinien der Green Loan Principles (GLP) und wird die Entwicklung der Plattform für erneuerbare Energieanlagen von EGE Haina unterstützen.
Der Kredit zielt darauf ab, den Anteil erneuerbarer Energien in der Energie-Matrix der Dominikanischen Republik zu erhöhen, was die Wachstumsstrategie des Unternehmens und den Energiemarkt des Landes unterstützt. EGE Haina betreibt ein diversifiziertes Portfolio, das Windparks, Solaranlagen und effiziente thermische Erzeugungsanlagen umfasst.
Die Finanzierung entspricht den Richtlinien der Loan Market Association (LMA) und der Loan Syndications and Trading Association (LSTA) und zeigt das Engagement beider Kreditinstitute zur Unterstützung nachhaltiger Projekte und des wirtschaftlichen Wachstums in der Region.
- Successful closing of US$100 million green loan demonstrates strong financing capability
- Strategic expansion into renewable energy assets strengthens market position
- Partnership with major financial institutions (Scotiabank) enhances credibility
- Diversified energy portfolio reduces operational risks
- None.
Insights
Bladex's co-leadership of a
- Meaningful portfolio diversification beyond Bladex's traditional trade finance focus into longer-term renewable energy infrastructure
- Strengthened relationship with Scotiabank, enhancing potential for future syndication partnerships
- Positioning in Latin America's growing green financing market, estimated to require
$110-120 billion annually through 2030 - Revenue generation through origination fees and interest income
- Enhanced ESG credentials that can potentially improve Bladex's own funding costs
The transaction follows standardized Green Loan Principles, demonstrating Bladex's commitment to recognized sustainability frameworks. While not disclosed what portion remains on Bladex's balance sheet versus syndicated partners, the deal's structure suggests effective risk distribution.
For a bank with a
This deal exemplifies how Bladex is leveraging its regional expertise and relationships to capitalize on Latin America's energy transition while generating multiple revenue streams through sophisticated financial structuring.
The syndicated loan follows the Green Loan Principles (GLP) guidelines of the Loan Market Association (LMA) and the Loan Syndications and Trading Association (LSTA). It reflects the commitment of both entities to support projects that promote the transition to renewable energy, help mitigate climate change and strengthen the energy supply for the country's growth.
PANAMA CITY, March 13, 2025 /PRNewswire/ -- Banco Latinoamericano de Comercio Exterior, S.A. (Bladex) and The Bank of Nova Scotia (Scotiabank) announced the successful closing of a
The proceeds of the syndicated loan will be used to support EGE Haina in the development of its renewable energy assets platform, supporting the company's growth strategy in line with the national objective of increasing the share of renewable energy in the
Jorge Salas, CEO of Bladex, said, "This financing reaffirms our mission to be a key strategic partner in the development of sustainable infrastructure in the region. We are proud to partner with Scotiabank and support EGE Haina in its commitment to energy transition and the generation of cleaner, more efficient energy for the
Gonzalo Gil, CEO of Scotiabank Dominican Republic, said, "we are committed to the
The successful completion of this financing strengthens the relationship between EGE Haina, Bladex and Scotiabank and reaffirms the role of financial institutions in supporting sustainable projects and economic growth in the region.
"The installation of new renewable energy generation is a fundamental pillar of EGE Haina's growth. As such, the Company continues to anchor its financing strategy in green or sustainably labeled capital structures. This financing fits perfectly with our development plans. We are grateful for the support of the financial institutions that strengthen our sustainable energy model," said Rodrigo Varillas, Senior Finance Director of EGE Haina.
EGE Haina is a leader in sustainable energy generation in the country, with a diversified portfolio that includes wind farms, solar plants and efficient thermal generation. With this new financing, under the Green Loan Principles (GLP) guidelines of the Loan Market Association (LMA) and the Loan Syndications and Trading Association (LSTA), the company aims to further strengthen its position as a key player in the decarbonization of the electricity sector and energy security in the
About Bladex:
Bladex is a multinational bank founded in 1979 by the central banks of
About Scotiabank
Scotiabank's vision is to be our clients' most trusted financial partner, to deliver sustainable, profitable growth and maximize total shareholder return. Guided by our purpose: "for every future," we help our clients, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With assets of approximately
About EGE Haina:
EGE Haina is the leading public-private company in the country, one of the most important electricity generators in the
CONTACT:
Warren Bonilla, Head of
E-mail address:
wbonilla@bladex.com
Tel: +507 210-8625
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SOURCE Banco Latinoamericano de Comercio Exterior, S.A. (Bladex)
FAQ
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