Mexico and the US may soon be connected by more than just a border, as the US Energy Secretary met with Mexican Energy Department to start building a framework for a cross-border electricity market. Ernest Moniz was in Mexico over the weekend to sign a framework agreement on principles aimed at recreating a similar electricity […]
The Brazilian Development Bank (BNDES) has signed a 20 year term loan agreement worth about $115m with The Enel Group to finance industrial projects and large-scale infrastructure in Brazil. Enel Global Renewable Energies head Francesco Venturini said: “We are extremely pleased with the outcome of this transaction, which is testament to the solidity of our […]
In a portfolio totaling $600 billion, energy entrepreneurs have identified ten renewable energy projects – including geothermal, hydroelectric, wind, solar and biomass, the chairman of the House Energy of Nicaragua (CEN), César Zamora said yesterday. According to Zamora, energy entrepreneurs will meet with government officials in the first half of February to analyze the expansion plan in energy and […]
A financing package for the $300 million Old Harbour Bay power station project in St Catherine, Jamaica, approved by the National Environment and Planning Agency in March, is understood to be taking shape, IJGlobal exclusively shared last month. A syndicate of four banks is said to be participating in a financing led by local bank National […]
The EU will invest 4m EUR in Colombia to promote renewable energy projects, after a CAF study evaluated the use of new energy sources to mitigate the effects of climate change. According to an official statement by the Colombian government, alternative energy options that release fewer greenhouse gases have a big potential to reduce the […]
Arawak Port Development is seeking to install a 5MW solar array at the Nassau Container Port in the Bahamas, IJGlobal has exclusively learned. The project is still in the planning phase, but IJGlobal was told that financing is being sought from development banks active in the region to match with Arawak equity. It was said […]
A workshop on geothermal development in Chile was held in Santiago, Chile on 22 December.The event was to foster discussions about the geothermal potential in Chile and the real opportunities for geothermal development, with a focus on electricity generation and their possible impact on interconnected electricity systems in the country. Attended by representatives of the […]
Argentina continues to bring new companies to the Latin American renewables growth market, with Germany’s Nordex Group the latest to announce their entry. With the award of two contracts for the construction of wind farms with a combined capacity of 148 MW, the Nordex Group has successfully entered the new growth market Argentina in December. […]
The record-setting 8.5 cents/kWh PPA for the 37 MW Jamaican solar farm has lined up financing through the USAID, and the project remains on track to begin construction this year. The U.S. Agency for International Development (USAID) has awarded the first grant through the Clean Energy Finance Facility for the Caribbean and Central America (CEFF-CCA), […]