CABEI and other regional multilaterals commit to US$50 billion to support climate change action across LAC.

June 15, 2022

At the Summit of the Americas, CABEI and other regional multilateral organizations like the IDB, CAF, and CDB announced they will invest US$50 billion to support climate change action in the LAC region over the next five years. Source: BCIE

USAID and the Canadian Government will supply financial aid to Latin America and the Caribbean

June 15, 2022

USAID and the Canadian government announced financial aid to Latin America and the Caribbean. Canada will give US$112 million in financial aid, and USAID will supply US$331 million for humanitarian and long-term development assistance. Source: Caribbean Loop News

Sonnell signs MoU with EnerVenue to procure and launch 40 MWh of EnerStation battery systems in Puerto Rico

June 15, 2022

EnerVenue signs MoU with Sonnell Power Solutions to procure and launch 40 MWh of EnerVenue’s EnerStation battery systems in 2023. The battery systems will support the industrial sector in Puerto Rico. Source: PV Magazine

Bolivian state power company Ende is looking for help to determine the future of the 100MW Laguna Colorada geothermal project

June 15, 2022

Three companies are interested in procuring a 130 day contract to determine the economic viability and future of the 100MW Laguna Colorada geothermal project in Bolivia. Source: BNAmericas

BNDES seeks smaller – but more – stakes in infrastructure projects

June 15, 2022

The Brazilian development bank (BNDES) will focus on infrastructure projects but seeks smaller stakes in each to distribute capital to more projects. They are also trying to attract private sector banks to this non-recourse project finance model. Source: BNAmericas

CERI celebrates its first three microgrid solar and storage systems in Puerto Rico

June 15, 2022

The Community Energy Resilience Initiative (CERI) is celebrating its first three microgrid solar and storage systems in Puerto Rico. The microgrids are located at a pharmacy, a nonprofit organization, and a fueling station. Source: RMI

Mexico’s water authority launches tender for dam rehabilitation

June 15, 2022

The Mexican water authority, Conagua, launched a tender to rehabilitate the Venustiano Carranza dam, also known as Don Martín, in Coahuila state. Source: BNAmericas

Shell Energy Brazil invests US$1.5 billion into PV projects in Brazil

June 15, 2022

Shell Energy Brazil is investing around US$1.5 billion to develop five PV power plants in Brazil, including a 2.1 GW solar park in Minas Gerais. Source: Renewables Now

ReVolve Renewable Power is adding up to 300 MW of new wind capacity to its 400MW wind project in Mexico

June 15, 2022

ReVolve Renewable Power has signed an agreement with private Mexican landowners for an additional 26,000 acres to expand its existing 400 MW Presa Nueva wind development project. ReVolve is adding up to 300 MW of new wind capacity. Source: SeeTao