News

The North American Development Bank (NADBank) is joining a consortium of lenders in an existing US$202.3 million First Citizens Bank-led senior secured credit facility supporting Anemoi Energy Storage, LLC, a special-purpose vehicle formed by Plus Power, LLC, for the design, construction and operation of a battery storage system (BESS) with a capacity of 200 megawatts of alternating current (MW_AC) and two hours of duration that will help increase energy storage capacity in the Texas grid.

NADBank is pleased to announce a Request for Proposals (RFP) for projects in the New Mexico-Texas-Chihuahua and Texas-Coahuila-Nuevo Leon-Tamaulipas border regions. The projects selected under this RFP will meet the goals and objectives of the Border 2025 U.S.-Mexico Environmental Program, whose mission is to protect the environment and public health in the U.S.-Mexico border region. The RFP application period will open on October 16, 2023, and close on December 4, 2023.

The North American Development Bank (NADBank) has published a request for proposals for grant financing through the CAP for the implementation of critical projects in the water and solid waste sectors in economically distressed communities in the U.S.-Mexico border region.

The North American Development Bank (NADBank) will host NADBANK SUMMIT 2023 with the theme "Sustainable Regional Economic Integration: U.S.-Mexico," on August 30 and 31, 2023, at the Westin Riverwalk Hotel in San Antonio, Texas. The event will serve as a binational platform to foster analysis, dialogue and synergies on topics related to the economic integration of the region, nearshoring with an emphasis on sustainability, water challenges and innovative actions to address stressed water resources, the importance of energy transition on the border, green manufacturing and industrial parks, and the role of mobility in economic integration. Additionally, there will be two specific panels where the officials from some border states will discuss their programs, investment plans and sustainable infrastructure projects, as well as investment opportunities in the region and potential financing options available through the participating financial institutions.

This afternoon, representatives of the Mexican National Water Commission (CONAGUA), the Government of the State of Tamaulipas, the Municipality of Nuevo Laredo and its water utility, Comisión Municipal de Agua Potable y Alcantarillado (COMAPA), along with representatives of international organizations led by the U.S. Section of the International Boundary and Water Commission (IBWC) and the North American Development Bank (NADBank), signed a Commitment Agreement to take steps to expedite funding for a comprehensive wastewater collection and treatment project in the city of Nuevo Laredo. The project is intended to eliminate untreated wastewater discharges into the Rio Grande and preserve the primary source of drinking water for future generations in both Nuevo Laredo and its sister city, Laredo, Texas, as well as for communities downstream in both countries

This morning, U.S. Congressman Scott Peters (CA-50), the North American Development Bank (NADBank), and EnerSmart, a local Solana Beach renewable energy company, celebrated a ribbon-cutting ceremony for a new 6-megawatt in alternating current (MW_AC) energy storage system. This is the first project in a portfolio of nine storage facilities containing 50 blocks comprising three battery containers each, to be built at nine sites located within San Diego County, California.

The first 13 water infrastructure projects to be funded with the proceeds of the sustainability financing executed by State of Baja California have been selected and approved to begin implementation in five of the state’s seven municipalities. These projects will help prevent wastewater leaks and spills, thereby significantly reducing the risk of human contact with raw sewage and the potential contamination of surface and groundwater, as well as transboundary flows into the United States. They will also improve the quality of drinking water services for thousands of residents, thus addressing the historic backlog in water infrastructure in the state.

The Village of Vinton in El Paso County, Texas, celebrated today the completion of its Water Distribution System Project and is now providing access to safe and reliable drinking water services for 1,500 residents.

Today, the Board of Directors of the North American Development Bank (NADBank) held its first semiannual meeting of 2023 in Mexico City, during which the Board reviewed the Bank’s operations, policies and recent project activity, as well as strategic planning issues for the next four years. The Board met in Mexico City and commemorated 200 years of diplomatic relations between Mexico and the United States.

The North American Development Bank (NADBank) is pleased to announce that the first class of undergraduate students has been selected to serve as NADBank University Ambassadors from July 1 to December 31, 2023. The list of the students selected has been published on its website.