IDB Invest offers a US$368 million loan package to AES Dominicana Renewable Energy SA to develop renewable energy projects in the Dominican Republic

November 26, 2023

IDB Invest arranged a US$368m loan facility for AES Dominicana Renewable Energy SA to finance the development of new renewable energy projects in the Dominican Republic, and to refinance existing projects. According to IDB Invest, the transaction is the largest financing for renewable energy projects for a Caribbean economy. Source: Renewables Now 

Grupo Verfrut Chile & Peru launches a 1.1-MWp floating solar farm in Chile

November 26, 2023

South American fruit processing company, Grupo Verfrut Chile & Peru inaugurated the largest floating solar farm in the Southern Cone with a capacity of 1.1-MWp. Source: Renewables Now 

Solatio Energia plans green hydrogen project in Brazil

November 26, 2023

Solatio Energia is set to develop a green hydrogen project with a capacity of around 11 GW powered by solar energy in the Brazilian state of Piaui. The company plans to invest around US$20.5 billion into the solar park and green hydrogen projects over the next 5 years. Source: Renewables Now 

As Dominican Republic explores green hydrogen, EN.IT unveils plans for 350 MW project

November 26, 2023

Italian company, EN.IT, has expressed interest in developing a 350 MW hydrogen project powered by wind and solar energy in La Romana. The DR administration is currently assessing the broader economic feasibility of green hydrogen for the country. Source: Renewables Now 

Amazon announces plans for its first large-scale wind park in the Brazilian state of Rio Grande do Norte

November 26, 2023

Amazon announced plans to develop a 49.5 MW wind park in the Rio Grande do Norte state of Brazil. The project will be part of a larger wind complex developed by Brazilian renewable energy company Elera Renovaveis. Source: Renewables Now 

Climate Investment Funds (CIF) endorses Costa Rica’s US$70 million electrical grid modernization plan

November 26, 2023

Climate Investment Funds (CIF) allocated an initial US$45 million to Costa Rica’s US$70 million plan to modernize its electrical grid to enable the expansion of renewable energy sources. Source: Renewables Now 

Grenergy Renovables SA secures US$157 million loan from Banco Santander SA for renewable energy projects

November 26, 2023

Spanish renewables developer-operator, Grenergy Renovables SA secured a loan for US$157 million loan from Banco Santander SA to fund renewable energy and battery storage projects in Latin America. Source: Renewables Now 

Gold Fields Limited secures environmental approval for a 7.3 MW solar farm in Chile

November 26, 2023

Gold Fields Limited, a South Africa-based gold mining company, secured environmental approval to develop a 7.3 MW solar farm in its open pit mine in Chile. Source: Renewables Now 

The Electric Energy Trading Chamber issues the first renewable hydrogen certificates in Brazil

November 26, 2023

The Electric Energy Trading Chamber (CCEE) issued the first renewable hydrogen certifications in Brazil ensuring that the input produced by the energy companies, EDP and Furnas, was sustainably manufactured in accordance with international standards Source: CCEE