Matrix Renewables Closes Financing for 328-MW Solar Distributed Generation Portfolio in Chile

January 14, 2022

Matrix Renewables, a Madrid-based renewable energy platform backed by the global alternative asset manager, TPG, closed a non-recourse, long-term financing agreement for 328 MW of solar-distributed generation (DG) projects in Chile. Out of the 48 photovoltaic projects in Chile’s PMGD program (projects with a generation capacity surplus lower than or equal to 9,000 kW), the […]

MPC Energy Solutions Begins Development on El Salvador Solar Plants

January 14, 2022

MPC Energy Solution reached a financial close for the Santa Rosa & Villa Sol solar (PV) plants in El Salvador. With a combined capacity of 21.07 MW, MPCES expects the plants to begin energy production towards the end of 2022, generating around 43 GWh a year and avoiding nearly 11,000 tons of CO2 emissions per […]

Ecopetrol Commits USD 50 Million in Projects to Decarbonize its Activity

January 14, 2022

The Colombian gas company Ecopetrol released its investment plan for 2022. The company expects to invest more than USD 50 million in projects to decarbonize its activity, USD 200 million in water management projects, and USD 6 million in developing green and blue hydrogen pilots and projects to be applied at the refineries. Source: PR […]

Top 10 Geothermal Countries Based on Installed Power Generation Capacity

January 11, 2022

ThinkGeoEnergy published a list of the top 10 geothermal countries in 2021 based on installed power generation capacity. Mexico is on the list at number six with no gain or loss of power generation capacity from the year before. Colombia is a geothermal-newcomer and helped contribute to the 2021 overall generation capacity of 15,854 MW […]

RUBiS Energy Jamaica will Acquire 80 Percent of Photosol France

January 11, 2022

RUBiS Energy Jamaica will complete a USD 422 million deal and acquire 80% of the solar energy company Photosol France. The agreement will allow RUBiS to compete in the renewable energy market in the region. Source: Power Technology

Paraguay could double global green hydrogen production

January 6, 2022

José Bogarín, Executive Director of the Itaipu Technological Park (ITP), says that Paraguay has all the conditions to double the current world production of green hydrogen. If the country were to convert its “export-type” energy into green hydrogen, it would generate 4,500 tons/year of green hydrogen, reaching a global total of 8,500 tons/year. Source: The […]

Chile and Bolivia resume dialogue for possible electricity integration

January 5, 2022

Representatives of the Ministries of Energy of Chile and Bolivia have resumed talks to develop an electrical interconnection study, which will be financed by the Inter-American Development Bank (IDB). The geothermal industry is a potential big winner. Source: ThinkGeoEnergy

Bank fees for green debt surpass fossil-fuel financing

January 5, 2022

For the first time since the 2015 Paris Climate Agreement banks earned more through green-related bond sales and loans than through helping fossil fuel companies raise money in debt markets. Overall, banks made an estimated $3.4 billion in green labeled debt deals and only $3.3 billion from working with gas, oil, and coal companies. In […]

Barbados phases out inefficient lighting in an effort to meet its renewable energy goals by 2030

January 5, 2022

In an effort to achieve its goal of becoming a 100 per cent renewable energy and carbon-neutral island-state by 2030, Barbados has began the first of five phases by prohibiting the importation of any electrical lamp which emits less than 15 lumens per watt. The objective of the phase-out process is to reduce the cost […]