Grenergy has secured US$324 million in financing for the fourth phase of its Oasis de Atacama solar-plus-storage project in Chile, set to include 269MW of solar PV capacity and 1.1GWh of battery storage. The financing consortium includes BNP Paribas, Natixis, Société Générale, the Bank of Nova Scotia, and SMBC.. Source: Energy Storage News
YamnaCo has secured a land reservation agreement with the Port of Açu for a major green ammonia project in Brazil, which aims to produce up to one million tonnes of green ammonia per year. Located in the Port of Açu’s industrial complex, the project will require 1.8GW of electrolysers and is a key step in […]
The Nevis Island Administration (NIA) has connected a solar-powered desalination plant to the water grid, providing up to 60,000 gallons of treated water daily to residents between Butlers and Potworks. The project, supported by the UAE Caribbean Renewable Energy Fund, aims to improve water security. While not solving all water issues, the initiative marks a […]
IFC has committed a US$40 million loan to Origo Energia for a portfolio of 22 small-scale, ground-mounted distributed generation (DG) solar projects in Brazil with a total capacity of 90 MWp. The financing includes concessional funding from the Clean Technology Fund and is structured as a green loan to support renewable energy development. This marks […]
Grenada has launched the “Build Back Better” project in Petite Martinique to rebuild homes with storm-resistant structures, following the devastation caused by Hurricane Beryl in July. The initiative aims to offer long-term security for affected residents, with the government already constructing three new homes and planning additional projects to support those unable to afford repairs. […]
The UK has reaffirmed its support for sustainable development in Latin America and the Caribbean by announcing a US$100 million capittal increase in the Inter-American Development Bank (IDB). This includes backing the IDB’s “Originate to Share” business model and plans for a potential fivefold increase in the UK’s capital share in the institution. Source: Jamaica […]
A lithium-ion battery energy storage project (BESS) with 333 MW power and 1,480 MWh capacity has been approved for environmental processing in Buin, Chile. With a US$225 million investment, the project includes a 220/33 kV substation and a transmission line. Source: PV Magazine LATAM
Construction of three hybrid solar power plants in Suriname is underway to supply 25 villages with electricity. The plants, located in Daume, Cajana, and Galibi, will combine solar panels, battery storage, and backup diesel generators, providing 360 kWh per cluster. This initiative is part of Phase II of the Suriname Village Solar Microgrid Project, implemented […]
Chile has unveiled its first hydrogen-powered bus, developed through a public-private collaboration led by Corfo, Colbún, Anglo American, and Reborn Electric Motors. The 8.5-meter bus, with a range of up to 600 km, will begin testing in 2025. It is designed for both urban and rural environments and is intended for use in public transport, […]