Codelco secures US$532 million in climate financing to support full decarbonization by 2030

August 1, 2024

Chile’s state-owned copper company, Codelco, has secured US$532 million in climate financing from Crédit Agricole CIB, with a guarantee from the Multilateral Investment Guarantee Agency (MIGA) of the World Bank Group. The funds will support Codelco’s plan to fully decarbonize its energy matrix by 2030, which includes transitioning to renewable energy sources. Source: America Economia

IDB announces US$300 million loan to support Pará State’s goal of net-zero emissions by 2050

August 1, 2024

The Inter-American Development Bank has announced a US$300 million public policy-based loan (PBL) to support the Brazilian state of Pará’s initiative to cut greenhouse gas emissions. The program aims to help Pará achieve net-zero emissions by 2050 through public policy reforms. Source: BNAmericas

Chile’s first hydrogen bus nears completion, set to operate early next year

August 1, 2024

The construction of Chile’s first hydrogen bus is advancing, with expectations to have the vehicle operational by early next year. The project aims to develop and manufacture the bus entirely in Chile. Source: PV Magazine LATAM

HNH Energy proposes US$11 billion green ammonia and hydrogen plant in Chile

August 1, 2024

HNH Energy has proposed an US$11 billion green ammonia and hydrogen plant, marking the largest project ever submitted for environmental assessment in Chile’s SEIA. The project includes a range of components: a green ammonia production plant, a seawater desalination facility, a wind farm, a multipurpose port with a maritime terminal, underground power transmission and transport […]

Negratín completes 100 MW Bosques Solares de Bolívar solar complex in Colombia

August 1, 2024

Spanish company Negratín has completed the construction of the Bosques Solares de Bolívar Photovoltaic Solar Complex in Colombia. The complex consists of five photovoltaic plants generating up to 100 MW. Source: PV Magazine LATAM

Bolivia invests US$10 Million to expand solar energy access in Pando

August 1, 2024

Bolivia’s Ministry of Hydrocarbons and Energy has partnered with the Department of Pando’s government to enhance electricity coverage in the region. This US$10 million initiative will expand electrical networks, establish mini-grids, and install individual solar powered systems across Pando’s 15 municipalities in the northern Amazon Source: PV Magazine LATAM

Enel Chile launches largest hybrid renewable complex in the country

August 1, 2024

Enel Chile announced that its 205 MW Las Salinas solar power complex has started commercial operations. This solar facility, in conjunction with the 112 MW Sierra Gorda Este wind farm, now forms the largest industrial-scale hybrid renewable generation center in Chile. Source: Renewables Now

Equatorial Energia’s 350 MW solar plant in Brazil begins full operation

August 1, 2024

Brazilian energy company Equatorial Energia SA announced that its 350 MW Barreiras I Photovoltaic (PV) plant in northeast Brazil achieved full commercial operation. Source: Renewables Now

DOE loan guarantee to finance Puerto Rico’s largest solar and battery storage project

August 1, 2024

The U.S. Department of Energy has announced an US$861 million loan guarantee to finance 200 MW of solar and 285 MW of grid storage in Puerto Rico. This initiative will support the construction of two solar farms and two stand-alone battery storage systems on the island’s southern coast. The project is led by Flexible Energy […]