Neoenergia is investing approximately US$5.4 million in a research and development project to establish a green hydrogen plant in Brasília, set to open next year. Source: PV Magazine LATAM
Peru’s Minister of Energy and Mines, Rómulo Mucho, announced that companies are eyeing investments exceeding US$12.5 billion to establish green hydrogen plants in the Andean country. He highlighted South African company Phelan Green Energy’s plan to invest US$2.5 billion in Arequipa, with discussions ongoing for governmental and local support. Source: AmericaEconomia
The Senate of Chile has approved a new proposal to simplify regulations for shallow geothermal energy projects. This proposal aims to exempt projects using geothermal resources less than 400 meters deep and at temperatures below 90°C from the current concession system. This change recognizes the distinct nature of shallow geothermal systems, which differ significantly from […]
Peru’s energy and mines ministry is reviewing environmental impact studies for three proposed renewable energy projects totaling 508 MW. The largest project is Fenix Power Peru’s 251 MW Algarrobal solar park in Moquegua. Source: BN Americas
The World Bank, through its IBRD arm, has tasked HSBC with structuring a US$200 million principal-protected bond focused on reforestation in the Brazilian Amazon. Source: The World Bank
The World Bank has approved a US$250 million project to support Chile’s Just Water Transition program. This initiative, managed by the Ministry of Public Works in collaboration with the Ministry of Environment, aims to enhance sustainable and equitable water resource management. Source: The World Bank
BNDES has approved a US$39.7 million loan to support the construction of 29 MW of solar and hydropower capacity in Santa Catarina. Source: Renewables Now
Dublin based company, Seabased, has entered into an MoU with the Barbados Investment and Development Corporation (BIDC) to develop a wave power park in Barbados. Initially starting with a 2 MW pilot and expanding to at least 10 MW, this project supports Barbados’ efforts in advancing green hydrogen research and development. Source: Renewables Now
Argentine power company Genneia invested US$250 million into building two solar farms in Mendoza. The two farms will have a combined capacity of 273 MW. Source: Renewables Now