The Mexican Geothermal Association (AGM) is advocating for a subsidy to support geothermal exploration, suggesting that funding could be sourced from the country’s oil revenue Source: ThinkGeoEnergy
IDB Invest recently issued two sustainable bonds in local currency. One was valued at 2.5 billion Mexican pesos (about US$150 million) while the other was valued at 40 billion Colombian pesos (around US$10 million). The funds will be directed towards promoting inclusive financing and providing support for essential infrastructure projects in transportation, renewable energy, telecommunications, […]
BBVA Perú has secured a US$250 million loan from the International Finance Corporation (IFC) and the Japan International Cooperation Agency (JICA). The funding will be directed towards supporting sustainable building projects through lending initiatives. Source: Latin Finance
The Bahamas has submitted a request to the International Court of Justice (ICJ) to hold countries accountable for climate change. This submission follows the country’s support for a UN Resolution seeking an advisory opinion on states’ obligations regarding climate change. Source: Tribune242
Grenergy Renovables SA inaugurated a 200 MW solar farm in Chile. The plant consists of 367,200 solar panels and will supply electricity to over 136,000 homes. Source: Renewables Now
Eletrobras has entered into a memorandum of understanding with engineering consulting firm Paul Wurth do Brasil to collaborate on renewable hydrogen initiatives. This partnership includes plans to construct and operate a 10 MW plant for green hydrogen and oxygen production. Source: Renewables Now
Brazilian utility company Neoenergia SA has entered into an agreement with the government of Rio de Janeiro state to explore offshore wind power projects. The MoU outlines plans for conducting studies on offshore wind generation in the state’s coastal region. Source: Renewables Now
Peru has passed a law promoting green hydrogen in the country. The law aims to foster research, development, production, and utilization of green hydrogen as a fuel and an energy source. Source: energiaestrategica
Mexcio’s Ministry of Energy recently published guidelines on hydrogen, including promotion of the market, development, and use cases. Source: Energiaadebate