Chile’s next auction in October will see prices continuing to fall, according to the company who set records for lowest solar PPA last year. “There is an enormous amount of competition in this market and none of the fundamentals have changed from the previous auction,” Inigo Malo, Solarpack Corp. Tecnologica’s manager for the Andean region, […]
Cuba’s biomass sector is on the rise – the Ciro Redondo biomass plant is finally under construction thanks to an injection of cash from China – but financing remains an issue for the renewable energy sector. The Ciro Redondo plant is being developed by Havana Energy, led by President Andrew Macdonald. “The most challenging thing we […]
Senior government officials from across Latin America and the Caribbean have confirmed their participation in GEOLAC 2017. Amongst those confirmed are representatives from Mexico, Chile, Guatemala, Dominica, St. Lucia, Ecuador, St. Vincent & Grenadines, Bolivia, Peru and Honduras. Register for GEOLAC today here.
Italian power provider Enel announced it has started construction on the largest PV plant on the American continent, the 754 MW Villanueva project, which is located in the Mexican state of Coahuila. The company is investing €650 million in the project, which is scheduled for completion in the second half of 2018. The project is […]
El Salvador’s power distributors have this week signed contracts for the winning projects in the country’s renewable energy auction, which was held by the government in January. Among the projects are four PV plants with a combined capacity of 119.9 MW. The auction ended with an average price of $51.48/MWh. This is the lowest price […]
The Japan International Cooperation Agency (JICA) has signed a loan agreement with the Government of Bolivia for a US$552m loan for the construction of the Laguna Colorada Geothermal Power Plant. The funding will extend to the construction of a 100-megawatt geothermal power plant, transmission lines and incidental facilities in Sol de Mañana. The director of […]
The Inter-American Investment Corporation (IIC) has signed a US$30 million corporate loan facility with Enel Green Power Chile to finance exploratory works for what could be the first geothermal power project in South America—the Cerro Pabellon geothermal power plant in Chile. The loan will be funded by the Clean Technology Fund Loan (CTF), administered by […]
The Mexican gas and power provider Ienova, a unit of U.S. natural gas utilities holding company Sempra Energy, announced it has signed a 20-year PPA for a 110 MW PV project in Mexico with local steel manufacturer Deacero. According to a press release from the company, the Pima Solar project will require an investment of […]
On Friday, March 24, the Government of Montserrat through the Ministry of Communications, Works and Labour (MCWL) and Montserrat Utilities Limited (MUL) released a Request for Qualifications for interested parties to qualify for the Engineering, Procurement and Construction for a 1 megawatt (MW) solar photovoltaic (PV) and battery storage project. The solar project is part […]