IDB Lab invests in electric vehicle start-up, GoElectricTT, in Trinidad and Tobago

February 29, 2024

IDB Lab, the innovation arm of the IDB Group, will invest in startup GoElectricTT to introduce electric vehicles in Trinidad and Tobago. Source: IADB

Hyundai Motor announces US$1.1 billion investment in Brazil for green technology

February 29, 2024

Hyundai Motor is set to invest over US$1.1 billion in Brazil by 2032, focusing on technology for hybrid, electric, and green hydrogen cars Source: Reuters

Ignis unveils plans for six renewable projects in Peru

February 29, 2024

Spanish energy firm, Ignis, has unveiled plans to develop six renewable energy projects in Peru. Among these projects, four will be wind farms, expected to be operational by 2028, the other two will be PV projects. Source: PV Magazine LATAM

Punta Catalina Electric Generation Company plans solar plant construction

February 29, 2024

The Punta Catalina Electric Generation Company (EGEPC) in the Dominican Republic, which operates two coal-fired power units totaling 720 MW, is seeking to build a 40 MWp solar plant for self-consumption. Source: PV Magazine LATAM

Panama initiates renewable energy tender — the first of its kind in a decade

February 29, 2024

Panama’s National Secretariat of Energy (SNE) has issued a resolution directing the Electric Transmission Company SA (ETESA) to organize a tender for long term energy supply. The initiative aims to ensure reliable electricity, lower prices, and create green jobs. The tender encompasses 500 MW of power, with a 20-year contract signed with electricity distribution companies, […]

Grupo Greening secures a US$34 million green loan for solar project in Mexico

February 29, 2024

Grupo Greening 2022 SA secured a US$34.7 million green loan from Banco Santander to help fund the development of a 41.9 MW distributed generation solar project in Mexico. Source: Renewables Now 

MPC Energy Solutions initiates solar project in Guatemala

February 29, 2024

MPC Energy Solutions has started construction on a 65 MWp solar project in Guatemala, marking it as its largest project to date. Valued at US$42 million, the San Patricio Renovables plant is set for completion by mid-2025 and projected to generate approximately 141 GWh of clean electricity annually. Source: Renewables Now 

Casa dos Ventos unveils US$2.4 billion investment plan in renewable energy and green hydrogen ventures

February 29, 2024

Brazilian renewable energy developer, Casa dos Ventos, plans to invest over US$2.4 billion in renewable energy assets by 2026. The company is currently exploring opportunities in green hydrogen, particularly targeting the domestic steel and fertilizer industries. They are currently engaged in a project at the Pecem Industrial Complex in Ceara state to produce green hydrogen […]

Gerdau and Newave Energia break ground on 420 MWp solar park in Minas Gerais

February 29, 2024

Brazilian steel producer Gerdau and local renewable power producer, Newave Energia, have begun construction on the Arinos Solar Park, a 420 MWp solar project in Minas Gerais state. The park will require a total investment of US$302 million. Source: Renewables Now