Brazil - Page 20 of 22 - New Energy Events

New Fortress Energy to acquire Hygo Energy Transition Ltd. and Golar LNG Partners LP in a $5 Billion transaction
January 13, 2021
New Fortress Energy announced that it has entered into definitive agreements to acquire Hygo Energy Transition Ltd. in Brazil for a combined $5 billion. NFE will become the leading gas-to-power company in Brazil, adding 2700MW of power generation operational or in development and robust customer pipeline in the South American country’s rapidly growing natural gas and […]
Latin American Countries Cooperate In Innovative Plan To Tackle Climate Change In Arid Regions
October 10, 2020
Brazil launched the Dryland Adaptation Knowledge Initiative in the Gran Chaco Americano, which is shared by Argentina, Bolivia and Paraguay, to identify, evaluate and document the design of policies that promote climate change-resilient agriculture in the three ecoregions, which are home to 37 million people. Source
Latin American development banks sharpen their sustainability focus
August 20, 2020
Various development banks in Latin America are increasing their focus on financing linked to an environmental-friendly approach. Among the most exciting is Minas Gerais’ BDMG which will soon become Brazil’s first state-run bank to issue sustainability bonds in line with the UN’s Sustainable Development Goals with support from the IDB. Source
Energy giant Enel says Covid-19 won’t affect plan for renewables portfolio in Latin America
April 9, 2020
In its latest financial announcement, Italian energy company Enel said the pandemic currently poses “no material disruption” to its renewable project supply chain, and that it expects to meet its 2020 energy targets. The company intends to move forward with plans to add an additional 14.1GW of renewables by 2022, which includes projects in Chile […]
Report: Brazil has 700 GW in offshore wind potential
January 27, 2020
Brazil has 700 GW in offshore wind potential, a new study shows. The report, Roadmap Eolica Offshore Brasil, indicates that the country would need to adjust for offshore energy projects, including appropriate environmental licensing and vessels. Currently, Brazil has six offshore wind farms in the licensing phase with a combined capacity of 9,715 MW. Source
Climate mitigation, smart cities see influx of finance
November 18, 2019
Finance is flowing toward climate mitigation projects at record levels, according to a Climate Policy Initiative report. Among recent multilateral investments: the approval of US$800 million from the New Development Bank for renewable energy projects in India and Brazil, and more than US$100 million in financing from the European Investment Bank (EIB) for renewable energy […]
New credit line to support renewable energy projects in Brazil
October 24, 2018
The Japan Bank for International Cooperation (JBIC) has signed a loan agreement with BNDES, Brazilian Development Bank, to set up a credit line totalling up to USD 1 billion for environment-related project focusing on clean energy in Brazil. The financing, which establishes the fifth credit line from JBIC to BNDES, is part of JBIC’s renewable […]
Brazil approves resolution to create $750m renewables financing program
July 20, 2017
The Brazilian Senate has approved on Thursday a draft resolution (PRS 25/2017) that authorizes an external credit of $750 million for the financing of the country’s incentive program for renewables, Programa de Financiamento para Energia Sustentável. The additional funds, which will be provided by the Brazilian Development Bank (BNDES) and the Inter-AmericanDevelopment Bank (IDB), will be […]
Brazilian Development Bank loans to first renewable project
May 15, 2017
The Brazilian Development Bank (BNDES) has approved $168.4 million financing for the construction of the Pirapora solar plant, completion date anticipated August 2018. It is the first loan approved by the BNDES in the frame of its program to support solar and renewables. The BNDES said that the 150 MW (AC) project, which is currently […]