NADBank, Siemens and EnerSmart sign US$78.2 million loan for first fully merchant project financed energy storage facilities in San Diego County, California
San Antonio, Texas – The North American Development Bank (NADBank), Siemens Financial Services, Inc. (Siemens) and EnerSmart Storage OpCo II, LLC signed a US$78.2 million loan facility to finance the design, construction, and operation of a portfolio of utility scale energy storage projects with a combined capacity of 165 megawatts in alternating current (MWAC) that will be constructed at nine sites located within San Diego County, California. This is the first reported project financing of fully merchant battery storage projects in the United States.
In 2022, Fitch Affirms North American Development Bank at 'AA'; Outlook Stable
Fitch Ratings - London - 15 Mar 2022: Fitch Ratings has affirmed The North American Development Bank's Long-Term Issuer Default Rating (IDR) at 'AA' and Short-Term IDR at 'F1+'. The issue ratings on NADB's senior unsecured bonds are also affirmed at 'AA'. The Outlook on the Long-Term IDR is Stable.
NADBank and Mexican local, state and federal agencies sign a proposal for resolving transboundary wastewater flows
NADBank will provide US$200,000 in technical assistance for a needs assessment of Nuevo Laredo’s wastewater treatment plants.
NADBank, Village of Vinton, Congresswoman Escobar, EPA, TWDB Break Ground on $20 Million Water Projects
The North American Development Bank (NADBank) and the Village of Vinton, Texas hosted a groundbreaking ceremony for two projects that will provide new drinking water distribution and wastewater collection and will include the decommission of on-site septic systems. The total estimated project costs of both projects is US$20.44 million.
US$22.9 million loan to support clean energy in Southern California
San Antonio, Texas – The North American Development Bank (NADBank) and Sol Orchard Imperial 1, LLC executed a US$22.9 million loan increase to support capital investments, including replacement of all the inverters in the El Centro Solar Park, owned by Excelsior Energy Capital, in El Centro, California, to increase energy production.
NADBank recognized in Mexico as first multilateral bank to issue a green bond
- Award made by the Green Finance Advisory Council in the framework of its 2020-2021 Green, Social and Sustainable Bond Awards.
NADB to invest in new project types to tackle climate change & promote the green economy
- NADB Board of Directors approves expanding project eligibility for financing
- US$87.5 million approved in financing for four new environmental projects
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of North American Development Bank
Moody's has now completed the periodic review of a group of issuers that includes the North American Development Bank and may include related ratings through a discussion held on 3 November 2021. The review did not involve a rating committee, and this publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future; credit ratings and/or outlook status cannot be changed in a portfolio review and hence are not impacted by this announcement. For any credit ratings referenced in this publication, please see the ratings tab on the issuer/entity page on www.moodys.com for the most updated credit rating action information and rating history.
EPA’s U.S.-Mexico Border 2025 Program Selects Environmental Projects for Implementation
The U.S. Environmental Protection Agency (EPA), in coordination with the North American Development Bank (NADB), has selected eight environmental and public health projects to be implemented on both sides of the border through the new Border 2025 U.S.- Mexico Environmental Program.
Border 2025: Request for Proposals
NADB 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 U.S. Environmental Protection Agency (USEPA) Region 6 and NADB will be hosting four ZOOM webinars.