LAC Renewables - Page 38 of 92

Corio Generation and EBR collaborate to explore 2,400 MW offshore wind deployment in Brazil
August 15, 2024
Corio Generation and Estaleiros do Brasil (EBR) have signed an agreement to explore using EBR’s infrastructure to deploy 2,400 MW of offshore wind in Rio Grande do Sul. Corio plans to develop two offshore wind parks, Casino and Rio Grande, each with over 1,200 MW capacity. Source: Renewables Now
Fuella AS plans major green hydrogen project in Brazil, backed by Allianz Capital Partners
August 15, 2024
Norwegian renewable energy company, Fuella AS, supported by Allianz Capital Partners, is planning a green hydrogen project in Brazil. The company has secured land at the Port of Acu in Rio de Janeiro and plans to make a final investment decision within four years on a 400,000-ton-per-year green ammonia plant. Source: Bloomberg
IDB Invest and GCF launch Caribbean Net-Zero and Resilient Private Sector Program with US$118.9 million funding
August 1, 2024
IDB Invest, in partnership with the Green Climate Fund (GCF), is launching the Caribbean Net-Zero and Resilient Private Sector Program to promote greenhouse gas emission reductions and climate-resilient investments in the Caribbean. The GCF has approved up to US$118.9 million in funding for this initiative. The program aims to boost private sector investment in climate […]
Guyana signs US$8.6 million contract for National Control Centre of Gas-to-Energy Project
August 1, 2024
The Guyanese government has signed an US$8.6 million contract with Power China to build the National Control Centre for the Gas-to-Energy (GtE) project. The building will be crucial for managing the GtE project and is expected to be completed within 13 months. The project aims to reduce electricity costs by 50% by 2025. Source: Oil […]
Barbados to launch BESS procurement to address grid capacity issues and advance solar projects
August 1, 2024
The Barbados Ministry of Energy and Business is hosting a three-day workshop to finalize plans for acquiring Battery Energy Storage Systems (BESS). This is a key step to resolve grid capacity issues and advance stalled solar projects. Source: Business Barbados
Acciona Energía Perú secures concession for 155.7 MW solar project
August 1, 2024
The Ministry of Energy and Mines of Peru has granted Acciona Energía Perú the definitive concession to develop the San José photovoltaic project, which will have an installed capacity of 155.7 MW. Source: PV Magazine LATAM
Asunción to introduce first 30 electric buses by end of 2024
August 1, 2024
Asunción’s public transport network will see the introduction of its first 30 electric buses by the end of 2024. This initiative is part of a larger plan which is targeting 1,000 electric buses. Source: BNAmericas
Codelco secures US$532 million in climate financing to support full decarbonization by 2030
August 1, 2024
Chile’s state-owned copper company, Codelco, has secured US$532 million in climate financing from Crédit Agricole CIB, with a guarantee from the Multilateral Investment Guarantee Agency (MIGA) of the World Bank Group. The funds will support Codelco’s plan to fully decarbonize its energy matrix by 2030, which includes transitioning to renewable energy sources. Source: America Economia
IDB announces US$300 million loan to support Pará State’s goal of net-zero emissions by 2050
August 1, 2024
The Inter-American Development Bank has announced a US$300 million public policy-based loan (PBL) to support the Brazilian state of Pará’s initiative to cut greenhouse gas emissions. The program aims to help Pará achieve net-zero emissions by 2050 through public policy reforms. Source: BNAmericas