Colbun SA, the Chilean Utility, has renegotiated a PPA with Codelco, the state owned copper miner, to gradually replace the contracted supply of coal-based electricity with 100% renewables. The contract will last until 2044. Source: Renewables Now
Chile sets Non Conventional Renewable Energy (NCRE) record by exceeding the production of electricity from coal over a 12-month period with solar and wind power generation. Source: BN Americas
Chile successfully placed its first sustainable bonds in pesos. The country issued US$1.02 billion in 12 year notes. Source: Latin Finance
Ways2H Inc, a global supplier of renewable hydrogen systems, and VALECOM, a Caribbean ecological and energy solutions provider, signed a letter of intent to transform up to 9,000 tons of waste from the Caribbean island of Martinique into renewable hydrogen annually. Source: PR Newswire
The government of Panama, along with SGP BioEnergy, announced they will add green hydrogen production to an advanced biorefinery in development. The facility plans to generate 405,000 metric tons of green hydrogen annually. Source: Reuters
IDB Invest is gearing up to grant an A/B loan for up to US$60 million to provide financing for green projects to the Costa Rican lender, Davivienda. Source: Latin Finance
The St. Kitts and Nevis government has announced new plans for a geothermal project that will help push forward the island’s energy security agenda. The geothermal project will add to their renewable energy mix. Source: Caribbean National Weekly
Enel SpA started construction on a 399 MW expansion of the 1 GW Lagoa dos Ventos wind complex in Brazil. Source: Renewables Now
The Brazilian Development Bank (BNDES) will loan local developer, Casa dos Ventos, US$130.2 million to support the construction of 288 MW of wind parks. Source: Renewables Now