Decarbonization - New Energy Events

Brazil tops global ranking for industrial decarbonization funding under CIF program
May 29, 2025
Brazil ranked first among 26 countries in the selection process for the Climate Investment Funds (CIF) Industry Decarbonization Program, affirming its leadership in advancing industrial decarbonization. Brazil’s proposal, submitted to access CIF financing, focuses on reducing emissions in high-impact sectors such as steel, cement, aluminum, and chemicals. Source: PV Magazine LATAM
M4S builds Latin America’s highest-altitude solar plant to replace diesel use
May 29, 2025
Peruvian company M4S is constructing Latin America’s highest-altitude on-grid solar plant. With a capacity of 603 kWp, the plant will help displace over 265,000 liters of diesel annually. Source: PV Magazine LATAM
EDP Brasil finalizes exit from Pecém Coal Plant to focus on renewables and green hydrogen
May 29, 2025
EDP Brasil has completed its full divestment from the Pecém coal-fired power plant in Ceará, Brazil, by selling its remaining 20% stake to local investors. This move aligns with EDP’s broader strategy to exit coal-based energy generation and focus on renewable energy projects, including green hydrogen initiatives Source: Renewables Now
Brazil’s Bahia to develop solar PV park with green methanol and ammonia production
May 15, 2025
Brazil’s Bahia state is advancing the development of a solar photovoltaic (PV) park combined with green methanol and ammonia production facilities. This project is being led by GoVerde, a Brazilian clean energy company, in collaboration with the state government. Source: Renewables Now
BNDES approves US$26 million for biogas plants at Grupo Piracanjuba to cut emissions
March 13, 2025
BNDES has approved US$26 million in financing for four industrial effluent treatment plants with biogas production at Grupo Piracanjuba’s facilities. The funding will also support the replacement of fossil fuel-based boilers at two factories. Once operational, the plants will produce up to 11.7 million cubic meters of biogas annually, offsetting approximately 152,700 tonnes of CO2 […]
Ecuador unveils US$2.43 billion energy expansion plan with 1.47 GW of renewables
February 28, 2025
Ecuador has unveiled its 2025-2030 electric power expansion plan, targeting 1,471 MW of new hydro, solar, wind, and geothermal capacity, along with proposed nuclear energy investments. The US$2.43 billion initiative includes 23 projects in partnership with private companies, with solar energy leading at 963 MW and US$913 million in investment. Source: BNAmericas
Brazil launches US$17.1M initiative for zero energy public sector projects
February 6, 2025
Brazil’s Ministry of Mines and Energy (MME) and ENBPar have launched a US$17.1 million public call for Zero Energy projects in the public sector under the Procel program. The initiative aims to improve energy efficiency in government buildings through renovations and distributed renewable generation, prioritizing administrative, education, and health facilities. Source: PV Magazine LATAM
Brazil launches energy transition program to boost renewables and sustainability
February 6, 2025
The Brazilian government has established the Energy Transition Acceleration Program (Paten) to promote sustainability and renewable energy adoption. The program includes a Green Fund, managed by BNDES, allowing companies to use federal receivables as collateral to finance low-carbon projects. Paten also supports energy infrastructure modernization, carbon capture research, and workforce training, positioning Brazil as a […]
Uruguay seeks consulting bids for green hydrogen environmental strategy
January 23, 2025
Uruguay’s energy ministry is accepting bids until January 27 for consulting services to support the development of a strategic environmental evaluation process for green hydrogen projects. This initiative aims to guide the country’s efforts in advancing its green hydrogen strategy. Source: BNAmericas