Amazon announced plans to develop a 49.5 MW wind park in the Rio Grande do Norte state of Brazil. The project will be part of a larger wind complex developed by Brazilian renewable energy company Elera Renovaveis. Source: Renewables Now
Climate Investment Funds (CIF) allocated an initial US$45 million to Costa Rica’s US$70 million plan to modernize its electrical grid to enable the expansion of renewable energy sources. Source: Renewables Now
Spanish renewables developer-operator, Grenergy Renovables SA secured a loan for US$157 million loan from Banco Santander SA to fund renewable energy and battery storage projects in Latin America. Source: Renewables Now
Gold Fields Limited, a South Africa-based gold mining company, secured environmental approval to develop a 7.3 MW solar farm in its open pit mine in Chile. Source: Renewables Now
The Electric Energy Trading Chamber (CCEE) issued the first renewable hydrogen certifications in Brazil ensuring that the input produced by the energy companies, EDP and Furnas, was sustainably manufactured in accordance with international standards Source: CCEE
The European Union announced their support and pledged funding for a 10 GW green hydrogen and ammonia complex in the Brazilian state of Piaui. Source: Hydrogen Insight
Barbados will receive around US$295 million from the sale of sustainability-linked debt in a debt-for-climate deal with the European Investment Bank (EIB) and the Inter-American Development Bank (IDB). The EIB is set to provide US$150 million and the IDB will provide the rest. Source: Latin Finance
IDB Invest placed a COP 82 billion (US$20M) sustainability bond in the international market. The bond will fund green and social projects in Colombia. Source: IDB Invest
The energy ministry of Uruguay published a definitive green hydrogen roadmap. Within the draft, officials estimated that a hydrogen and derivatives industry could generate around US$2 billion in revenue by 2040. Source: BN Americas