Ecuador - Page 2 of 3 - New Energy Events

Banco International in Ecuador plans to issue a blue bond with support of the IFC
October 19, 2022
Banco International in Ecuador is planning to issue a blue bond following a subscription agreement for up to US$40 million from the IFC. If approved, it will be the first bond of its kind issued by the private sector in LAC. Source: El Universo
Solarpack signs concession agreement with Ecuador’s power and mining ministry for a 200 MW solar farm
September 21, 2022
Solarpack, the Spanish solar power developer, signed a 20-year concession agreement with Ecuador’s power and mining ministry for the 200 MW El Aromo solar farm project. The total investment for the development of project is around US$145 million. Source: Renewables Now
Cobra to invest US$181 million into the largest wind project in Ecuador
May 18, 2022
Spain’s Cobra has committed to investing over US$181 million in a 110 MW wind project in Ecuador. The project is set to be the largest wind farm in the country. Source: Renewables Now
COP26: Colombia, Costa Rica, Ecuador and Panama announce new protections for “Ocean Highway”
November 11, 2021
Drawing attention to the critical yet overlooked role oceans play in keeping the planet cool—in addition to safeguarding species and supporting food security—the leaders of Colombia, Costa Rica, Ecuador and Panama launched a new marine protected area to be called the Eastern Tropical Pacific Marine Corridor (CMAR), National Geographic reported. Source
Latin American countries make calls for public bids in renewable energy
January 6, 2021
Several Latin American countries including Argentina, Ecuador and Chile have begun 2021 with calls for public bids in renewable energy. Source
Drilling starts for Ecuador’s first geothermal energy plant
October 8, 2019
Ecuador’s first geothermal energy plant has started its first phase of construction, with drilling started on the Imbabura site a few days ago. The project is financed by the Japanese government through the Japan International Cooperation Agency. The investment for the construction of the geothermal plant was of USD 250 million. The Electric Corporation of […]
Feasibility study planned for geothermal project in Ecuador
December 20, 2018
A feasibility study for a geothermal project has been undertaken in Ecuador. The CELEC power utility is planning further drilling, with financing from the Japanese Government. The site Chachimbiro is surrounded by a volcano and hot springs, a natural environment apt for geothermal energy development. This energy source would be consistent throughout the year. In the […]
Ecuador’s geothermal sector poised for growth
August 20, 2018
The General Manager of the Ecuadorian Electric Corporation (CELEC EP) along with Japanese Parliamentarians, recently reviewed the advances at the Chachimbiro Geothermal Project, located in the province of Imaburura. This geothermal project is Ecuador’s first, and results thus far are encouraging. Drilling has reached a depth of 2,000 meters and the downhole temperature is […]
Ecuador to improve electricity sector with $220m funding from IDB and JICA
November 2, 2017
Funding totalling $220 million will support Ecuador’s expansion and strengthening of electricity infrastructure and reducing fossil fuels. The Inter-American Development Bank (IDB) has approved a $150m loan for Ecuador to help the country expand, strengthen and improve the operational efficiency of its power sector. The 25-year loan includes a 7.5-year grace period, LIBOR-based interest rate, […]