EIB signs US$899.3 million in loans to finance climate action projects

July 19, 2023

The European Investment Bank (EIB) is expected to sign US$899.3 million in loans to finance climate action projects in Argentina, Brazil and Chile. The loans will be used to support a range of projects, including renewable energy, energy efficiency, and green hydrogen Source: Renewables Now 

Panama approves a national green hydrogen strategy

July 19, 2023

Panama’s government has approved a national green hydrogen and derivatives strategy, with the aim of making the country a regional hub for the production and export of the fuel. Source: Renewables Now 

Colombia’s first wind farm will be co-owned by the local Wayuu indigenous community

July 19, 2023

Under a new ownership scheme, Colombia’s first wind farm, with a capacity of 19.5 MW, will be partly owned by the local Wayuu indigenous community. Source: Renewables Now 

GEOLAC 2023 Heading to Hyatt Regency Cartagena in Colombia

July 10, 2023

The organizers of the 2023 Geothermal Congress for Latin America and the Caribbean (GEOLAC 2023), the only gathering of the regional geothermal market on the annual calendar, are excited to announce that GEOLAC 2023 will take place at the Hyatt Regency Cartagena in Colombia. GEOLAC 2023 will gather the market to showcase cutting-edge projects, programs […]

CIF approves a US$70 million plan to support grid flexibility for clean energy integration in Brazil

July 6, 2023

Climate Investment Funds (CIF) approved a US$70 million plan to improve the flexibility of Brazil’s electricity grid, which will make it easier to integrate more renewable energy into the system. The plan will also help to reduce emissions from the electricity sector. Source: Renewables Now 

Grenergy Renovables secures green loan worth US$300 million to build 289 MW solar park in Chile

July 6, 2023

Spanish renewable energy company, Grenergy Renovables, secured a green loan worth US$300 million to fund the development of a 289 MW solar park in Chile.The loan was provided by a consortium of banks led by BBVA and includes a guarantee from the European Investment Bank (EIB). The solar park is expected to be operational in […]

Mexico’s CFE secures loan for US$98.7 million to finance the construction of the 120 MW Puerto Peñasco solar park

July 6, 2023

Mexican power utility, CFE, secured a loan worth US$98.7 million from French development agency AFD to finance the construction of the 120 MW Puerto Peñasco solar park in Sonora state. The solar park is expected to be operational by the end of 2023. Source: BNAmericas

Bolivia signs two deals worth a combined US$14 billion to build lithium plants in the country

July 6, 2023

Bolivia has signed two deals worth a combined US$14 billion to build lithium plants in the country. The first deal was signed with Chinese consortium CBC. The second deal was signed with Russian company Uranium One. The lithium plants are expected to be operational by 2025. Source: BNAmericas

Noria Energy launches a 15 MW floating solar project in northwest Colombia

July 6, 2023

Noria Energy, a California-based solar developer, has launched a 15 MW floating solar project on the reservoir at the Urra hydroelectric power plant in northwest Colombia. The project, called Aquasol, is the first floating solar project in Colombia and one of the largest in Latin America. Source: Renewables Now