The World Bank invests US$225 million into new project in the Dominican Republic

December 21, 2023

The World Bank has approved a new project in the Dominican Republic aimed at enhancing the electricity sector and reducing high distribution losses. With a $225 million investment, the project will support distribution companies in minimizing significant losses through the rehabilitation of the distribution network, technology upgrades, and the reduction of electricity outages. Source: The […]

The government of Barbados recruits IFC as the lead transaction adviser for its first utility-scale onshore wind farm project

December 7, 2023

The government of Barbados has chosen the International Finance Corporation (IFC) as the lead transaction adviser for its first utility-scale onshore wind farm project. The wind farm, named the Lamberts project, is projected to have a capacity of 30-50 MW and will be situated in the northeastern part of the island. The partnership agreement between […]

MPC Energy Solutions and Akuo Energy to jointly develop a 26.7 MW solar plant in Colombia

December 7, 2023

MPC Energy Solutions and Akuo Energy have successfully commissioned a jointly developed 26.7 MW solar plant in Colombia that is expected to generate over 48 GWh of electricity annually for the local grid. Source: Renewables Now 

Leclanche secures a 25-year PPA in Saint Kitts and Nevis to develop the largest solar-plus-storage complex in the Caribbean

December 7, 2023

Leclanche has secured a 25-year power purchase agreement (PPA) for a 35.7 MW solar park with an integrated battery in Saint Kitts and Nevis. Located in the capital, the project is set to become the largest solar-plus-storage complex in the Caribbean. Source: Renewables Now 

BNDES approves US$447.8 million loan to support the construction of a solar complex by Atlas Renewable Energy

December 7, 2023

The Brazilian Development Bank (BNDES) has approved a loan of US$447.8 million to support the construction of a 768 MW solar complex developed by Atlas Renewable Energy. The project is a part of Brazil’s new growth acceleration program (PAC) and will generate 2 TWh per year, powering over 3 million people and offsetting 2.4 million […]

The government of Brazil’s Ceara state signs MoU with Grupo Jepri for the development of green hydrogen

December 7, 2023

The government of Brazil’s Ceara state signed a memorandum of understanding (MoU) with Grupo Jepri for the development of a green hydrogen project. The group intends to invest US$ 3.6 billion in the project, which will be situated in Ceara’s Pecem Industrial and Port Complex (CIPP).  Source: Renewables Now 

BNDES approves US$46.3 million in loans to support the development of two biomethane plants in in Sao Paulo

December 7, 2023

The Brazilian Development Bank (BNDES) has approved approximately US$ 46.3 million in loans to Essencis Biometano SA and Cocal Energia PPT Participacoes Ltda. to support the construction of two biomethane plants in the state of Sao Paulo. Source: Renewables Now 

AES Andes announces the commencement of commercial operations for the second phase of its energy storage system in Chile

December 7, 2023

AES Andes announced the commencement of commercial operations for the second phase of its Virtual Reservoir energy storage system in Chile. The system, known as Virtual Reservoir II, is connected to the Alfafal I run-of-river hydroelectric plant in San Jose de Maipo, Santiago Metropolitan region. Equipped with Gridstack technology from Fluence Energy Inc., it has […]

Dominica and Ormat sign agreement for the development of a geothermal plant on the island

December 7, 2023

Dominica entered into an agreement with Ormat and its subsidiaries to develop a 10 MW geothermal plant on the island. Ormat is set to finance the construction, operation, and maintenance of the power plant and geothermal wells for 25 years, while the Dominica government retains ownership of invested wells, lands, and assets. Source: Radio Jamaica […]