The World Bank approved the Third Disaster Risk Management Development Policy Loan with a Cat DDO III, a US $300 million loan to aid in strengthening Colombia’s resilience to natural hazards, climate change and health emergencies. The Ministry of Finance and Public Credit and the National Planning Department, Colombia will be responsible for coordinating the […]
Corfo, a Chilean development agency has approved six hydrogen projects with a cumulative electrolyzer capacity of 396MW for development, financed by US$50 million in public subsidies. These projects are expected to increase the production of green hydrogen to more than 45,000 tons per year and attract new investments of US$1 billion. Their goal is to […]
The Inter-American Development Bank (IDB) and its private-sector arm, IDB Invest predict they will end 2021 with $19.5 billion in new investments for Latin America and the Caribbean. The financing is the second-highest annual total in the history of the organizations. The investments have helped countries start to recover from the pandemic and shift towards […]
The Inter-American Development Bank is set to finance a study awarded to KBR with the objectives to establish a green hydrogen market in Trinidad and Tobago. The aim of the study is to identify development opportunities in a low carbon economy with the creation of a plan to get to Net Zero through technological innovation. […]
Engie’s 434MW Santo Agostinho wind farm complex in the Brazilian region of Rio Grande do Norte gains the support of Brazil’s National Bank for Economic and Social Development (BNDES). They will provide Engie with 64% of the project’s total investment. The development includes 14 wind farms and construction will employ 900 local workers. The finances […]
EDF Renewables have been awarded the tender for a microgrid in Iquitos, Peru and plans to develop and operate around 100 MW of photovoltaic capacities, and more than 100 MW of battery energy storage. The agreement includes a 20 year PPA with the state-owned electricity distribution company, Electro Oriente aiming to provide electricity at a […]
Two 849.9 MW of wind and solar photovoltaic (PV) projects were approved by the state council on the environment of the Brazilian state of Ceara (Coema). One being the 439.9-MW Complexo Fenix wind power complex proposed by local company Rio Energy Desenvolvimento de Renovaveis SA and the second, a 410-MW Serra Dantas PV complex, from […]
As efforts towards the transition to renewable energy increase the role of hydrogen energy has escalated in importance. With the aim to strengthen transparency for the commodity, S&P Global Platts created a suite of Carbon Neutral Hydrogen (CNH) price assessments by reviewing the carbon neutral value of hydrogen as it leaves production hubs in key regions. […]
The Government of Ceará signed a memoranda of understanding (MoU) with Total Eren to implement a green hydrogen project within the Pecem industrial and port complex in the northeast of Brazil. This is the 13th MoU signed by the government with other companies interested in producing similar projects. Source: Focus.jor