Australian conglomerate, Kadelco, will install a green hydrogen plant in Costa Rica, generating 50,000 tons of green hydrogen per year. The total investment for the project is $3.3 billion. Source: La Nacion (ES)
Guyana shifts towards a low carbon transportation infrastructure to reduce the demand for imported fossil fuels and plans to install fast-charging stations for electric vehicles in three regions beginning in 2022. Source: Caribbean Loop News
Sacyr and Ormat Technologies announced that the 5 MW geothermal pilot project for the 100 MW Laguna Colorada geothermal plant in Bolivia will be in operation by April. The plant is 4970 meters above sea level, the highest altitude of any geothermal plant. Source: Think Geo Energy
Polaris Infrastructure Inc. secured $110 million in a refinancing package which aligns with its newly extended PPA in Nicaragua to 2039. Source: Think Geo Energy
Dominica signed a $12.5 million contract with the Iceland Drilling Company to drill two new geothermal wells in the country. The majority of funding comes from UK grants. Source: Think Geo Energy
Global renewable energy generator, Atlas Renewable Energy, secured a $76 million loan to construct the Lar do Sol – Casablanca II solar plant in Minas Gerais. The funding came from Brazil’s Northeastern Bank’s Northeastern Constitutional Financing Fund. The plant will have an installed capacity of 239 MWp. Source: Energy Digital
Colombia signed a memorandum with the Port of Rotterdam to supply hydrogen. The Port of Rotterdam also formed green hydrogen agreements with Chile and Brazil, making Colombia the third point of supply. Source: Power Engineering International
The Prime Minister of Barbados, Mia Mottley, proposed the establishment of a regional renewable energy fund to finance the transition towards net zero. Mottley called for at least 10% of net revenues from new energy exporters in the Caribbean region. Source: Stabroek News
The Inter-American Development Bank (IDB) has confirmed that it will co-host the 2022 Hydrogen Congress for Latin America and the Caribbean. The announcement reflects the IDB’s long-term commitment to the development of a regional hydrogen industry, and to decarbonization and net-zero initiatives across Latin America and the Caribbean.