Renewables

IDB Invest strengthens Uruguay’s national power system with renewable energy production

September 14, 2021

IDB Invest, a member of the IDB Group, has provided a $67 million financial package for Tealov S.R.L (Tealov), a Uruguayan special purpose company (SPV) sponsored by Invenergy Renewables Global LLC (Invenergy) to develop the Cardal Transmission Project in Uruguay. The financial package includes a $11.5 million loan and a $55.5 million B-bond, acquired in […]

U.S. Ambassador hails U.S.-Antiguan partnership on new power plant project

July 30, 2021

The United States Ambassador to Antigua and Barbuda and the Eastern Caribbean, Linda Taglialatela hailed the collaboration of American company Eagle LNG and Antiguan companies Antigua Power Company (APC) and the Antigua Public Utilities Authority (APUA) in what will be the island’s first power plant integrating natural gas infrastructure and power generation. Source

NG Energy International: Fueling Colombia’s clean energy transition

July 30, 2021

Natural gas has become an essential source of power generation, particularly on the Caribbean coast.  In an IHS Markit report released in March 2021, it revealed that the Andean countries (Colombia, Ecuador, Peru and Venezuela) would see an increase in gas demand from 54 million cubic meters per day in 2020 to 177 million cubic […]

ECLAC: Caribbean has right conditions to become renewable energy hub

July 5, 2021

The Economic Commission for Latin America and the Caribbean (ECLAC) says the region has all the right conditions to become a renewable energy hub with great potential in green hydrogen. “Several countries in Latin America and the Caribbean have advantages for entering this market because their electricity matrices are relatively clean or are in the […]

Colombia to launch road map to develop hydrogen as fuel

July 2, 2021

Colombia will launch plans in September to develop the production and use of hydrogen as a long-term clean energy source, the Minister of Mines and Energy said on Tuesday, while voicing hope this year’s oil and gas auction will be successful.   Source

NeoEnergia and Brazil’s Pernambuco state government enter into MOU for the production of green hydrogen

June 15, 2021

Neoenergia and Brazil’s Pernambuco State Government signed today (6/10) a Memorandum of Understanding (MOU) to build cooperation for the development of a pilot project for green hydrogen production at the Suape Port – Complexo Industrial Portuário Governador Eraldo Gueiros. The initiative expects to find opportunities to enable demand for the product and prepare Suape Port […]

Brazil’s Elera to invest US$790M in renewables

June 9, 2021

 Elera Renováveis plans to invest almost 4bn reais (US$790mn) in Brazilian hydro, solar and wind power projects in 2021-22, a company spokesperson announced.   Source

Chile inaugurates Latin America’s first thermosolar plant

June 9, 2021

Chile on Tuesday inaugurated Latin America’s first-ever thermosolar energy plant, a vast complex dubbed Cerro Dominador in the Atacama desert that gives a boost to the country’s quest for carbon-neutrality by 2050. Source

MPC Energy Solutions invests in cogeneration in Puerto Rico

June 8, 2021

MPC Energy Solutions N.V. has signed the acquisition of a 3.4 MW Combined Heat and Power (CHP) project in Puerto Rico. The project will sell the produced heat and power under a 12-year USD-denominated energy service agreement to an unnamed pharmaceutical company. Source