The US announced a US$1 billion grant package for Puerto Rico that will help finance solar, storage, and resiliency projects

March 2, 2023

The US announced a grant package of US$1 billion for Puerto Rico that includes two rounds of financing for residential solar and storage projects, followed by climate resilient development such as microgrids, community solar, and grid retrofits. Source: PV Magazine LATAM

Rio Grande do Sul announces green hydrogen strategy for the Brazilian state

March 2, 2023

The Brazilian state of Rio Grande do Sul announced a green hydrogen strategy that consists of use in refineries, industrial heating and road transport, focused on trucks, as key factors in the development of the value chain. Source: PV Magazine LATAM

The Dominican Institute of Telecommunications launched a photovoltaic system that will feed the Radio Spectrum Remote Monitoring Station

March 2, 2023

The Dominican Institute of Telecommunications has launched a photovoltaic system with the assistance of the Ministry of the Environment and Natural Resources. The installation will supply the Radio Spectrum Remote Monitoring Station and help reduce the costs of operations. Source: PV Magazine LATAM

Grupo Ecoener SAU signed two 15 year PPAs for 96 MW of solar projects in the DR

March 2, 2023

Spanish renewables developer Grupo Ecoener SAU has signed two 15 year PPAs for 96 MW of solar projects in the Dominican Republic. The company signed the agreements with Dominican power distributor and provider Edeeste. Source: Renewables Now 

A 252 MW solar power complex built by Ibitu Energia in Brazil has reached full commercial operation

March 2, 2023

Renewable energy company, Ibitu Energia announced its 252 MW solar power complex has reached full commercial operation. The company signed a loan agreement with BNB for US$83 million to fund the project. Source: Renewables Now 

Genneia secures a loan for up to US$85 million to fund wind and solar projects in Argentina

March 2, 2023

Genneia, the Argentinian power company, signed a loan agreement to procure up to US$85 million to fund the construction of wind and solar projects in Argentina. The company will receive the loan from the Dutch development bank FMO and Development Finance Institute Canada (FinDev). Source: Renewables Now 

Mexico’s president launched the first phase of the solar-plus-storage power plant in the state of Sonora

March 2, 2023

Mexico’s president launched the first phase of the Puerto Penasco solar-plus-storage power plant in the Mexican state of Sonora. The project is expected to grow to 1,000 MW of solar capacity with 192 MW of batteries. Source: Renewables Now 

BNDES approved a US$2.2 million loan in additional funding to Albioma Codora Energia for the development of a a new biogas production line at an existing facility

March 2, 2023

The Brazilian Development Bank (BNDES) approved a US$2.2 million loan to help fund a new biogas production line at an existing facility in Goianesia, Goias state. The new financing is an additional loan to Albioma Codora Energia, all of which will cover 83% of the total cost of the project. Source: Renewables Now 

Grupo Ibereolica Renovables receives approval to build an 805.2 MW wind farm in Chile

March 2, 2023

Grupo Ibereolica Renovables secures environmental approval in Chile to construct an 805.2 MW wind farm in the Antofagasta region. The total investment for the project is around US$685 million. Source: Renewables Now