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
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 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