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Decarbonization

  • Green Climate Fund approves US$50M for ATOME’s Villeta green fertiliser project in Paraguay

    July 9, 2025

    ATOME Energy has secured US$50 million in concessional financing from the Green Climate Fund (GCF) for its US$630 million Villeta green fertiliser project in Paraguay, marking a major step toward final investment decision. The funding, provided through the International Finance Corporation (IFC), will reduce capital costs, enhance project bankability, and support the decarbonization of fertiliser […]

  • HIF Global begins assembling DAC unit at Haru Oni, the first e-fuels plant outside Europe to integrate the technology

    July 9, 2025

    HIF Global has begun assembling a direct air capture (DAC) unit at its Haru Oni e-fuels facility in southern Chile, in partnership with Porsche. The unit will remove 600 tonnes of CO₂ annually from the atmosphere to combine with green hydrogen for synthetic fuel production. Once operational, Haru Oni will be the first e-fuels plant […]

  • Chile to propose 2025 bill to advance coal phase-out target to 2035

    June 13, 2025

    Chilean President Gabriel Boric announced plans to introduce a bill in the second half of 2025 to accelerate the country’s coal phase-out, aiming to move the target from 2040 to 2035 or earlier. Source: Renewables Now

  • 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

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