Colombia's development bank, FDN, has been approved to procure a $138.5mn loan to fund clean energy projects. This approval was granted by the inter-parliamentary public credit commission to access funds from the Inter-American Development Bank and the multilateral climate fund CIF. FDN President Francisco Lozano praised the news, highlighting that the funds would help close the financing gap for renewable energy projects in Colombia by offering competitive rates. The loan is set to support a range of projects including renewable energy plants, energy communities, storage solutions, electromobility, transmission works, advanced metering, and green hydrogen. The government of Colombia has also revealed plans for more than 20 public-private projects totaling $40bn, aimed at kickstarting the clean energy transition and reducing the nation's reliance on fossil fuels. This significant investment signals a strong commitment to sustainable development and signifies a positive step towards a greener and more environmentally friendly future for Colombia.