Chile Senate approves simplified regulations for shallow geothermal energy projects

June 19, 2024

The Senate of Chile has approved a new proposal to simplify regulations for shallow geothermal energy projects. This proposal aims to exempt projects using geothermal resources less than 400 meters deep and at temperatures below 90°C from the current concession system. This change recognizes the distinct nature of shallow geothermal systems, which differ significantly from […]

Peru reviews environmental impact studies for 508 MW of renewable energy projects

June 19, 2024

Peru’s energy and mines ministry is reviewing environmental impact studies for three proposed renewable energy projects totaling 508 MW. The largest project is Fenix Power Peru’s 251 MW Algarrobal solar park in Moquegua. Source: BN Americas

World Bank and HSBC to launch US$200 million bond for Amazon reforestation

June 19, 2024

The World Bank, through its IBRD arm, has tasked HSBC with structuring a US$200 million principal-protected bond focused on reforestation in the Brazilian Amazon. Source: The World Bank

World Bank approves US$250 million for Chile’s sustainable water management program

June 19, 2024

The World Bank has approved a US$250 million project to support Chile’s Just Water Transition program. This initiative, managed by the Ministry of Public Works in collaboration with the Ministry of Environment, aims to enhance sustainable and equitable water resource management. Source: The World Bank

BNDES approves US$39.7 million loan for solar and hydropower projects

June 19, 2024

BNDES has approved a US$39.7 million loan to support the construction of 29 MW of solar and hydropower capacity in Santa Catarina. Source: Renewables Now

Seabased to Develop 10 MW Wave Power Park in Barbados for Green Hydrogen R&D

June 19, 2024

Dublin based company, Seabased, has entered into an MoU with the Barbados Investment and Development Corporation (BIDC) to develop a wave power park in Barbados. Initially starting with a 2 MW pilot and expanding to at least 10 MW, this project supports Barbados’ efforts in advancing green hydrogen research and development. Source: Renewables Now

Genneia invests US$250 million into two solar farms in Argentina

June 19, 2024

Argentine power company Genneia invested US$250 million into building two solar farms in Mendoza. The two farms will have a combined capacity of 273 MW. Source: Renewables Now

Colbun SA fires up turbines at 816 MW wind farm in northern Chile

June 19, 2024

Colbun SA launched operations at its 816 MW Horizonte wind farm in northern Chile. Once it is at full capacity the wind farm will be capable of generating 2,450 GWh of electricity yearly. Source: Renewables Now

The Government of Piaui and SPIC inaugurate 446 MWp solar complex

June 19, 2024

The Government of Piaui and SPIC started operation at the 446 MWp Marangatu solar complex. There are plans for an additional stage to reach a capacity of more than 700 MWp. Source: Renewables Now