Industry Analysis - New Energy Events

Colombia unveils a US$40 billion financing plan to transition to a low-carbon economy
October 10, 2024
Colombia has unveiled a US$40 billion financing plan aimed at reducing its reliance on fossil fuels and promoting a low-carbon economy. This initiative includes projects focused on sustainable tourism, low-carbon industries, and the electrification of transportation, marking a significant step toward decarbonization. Source: Energy News
Vale and Green Energy Park (GEP) collaborate on green hydrogen facility to produce low-carbon steel products in Brazil
October 10, 2024
Brazil’s Vale and Green Energy Park (GEP) are collaborating to establish a green hydrogen production facility aimed at creating low-carbon steel products. The initiative will develop a “Mega Hub” industrial complex for international steel manufacturers to source and produce hot-briquetted iron (HBI). Source: MSN
Brazil invests US$1.09 billion in clean hydrogen hubs
October 10, 2024
Brazil is investing approximately US$1.09 billion to establish clean hydrogen hubs aimed at decarbonizing hard-to-abate industries. This initiative is part of a collaboration with the Climate Investment Funds (CIF) involving 15 industrialized nations. Source: Fuel Cells Works
Enap and EDF collaborate to explore the export of green ammonia
October 10, 2024
Enap and EDF have signed a collaboration agreement to study the use of Enap’s Cabo Negro industrial complex for exporting up to 400,000 tons of green ammonia annually. Source: Reporte Minero
HIF Global launches first Brazilian project for 800,000 tons of e-methanol production from green hydrogen
October 10, 2024
HIF Global has announced its inaugural project in Brazil, aiming to produce up to 800,000 tons of e-methanol annually from green hydrogen. The project will require about 160,000 tons of renewable hydrogen generated from approximately 1.6 GW of electrolysers and 1.12 million tons of captured CO2. Source: Hydrogen Insight
Brazil enacts ‘Fuel of the Future’ law to boost sustainable fuel usage and reduce emissions
October 10, 2024
Brazilian President Luiz Inácio de Silva has enacted the “Fuel of the Future” law, enhancing the blending requirements for ethanol and biodiesel while mandating sustainable aviation fuel (SAF) use starting in 2027. The legislation aims for a 10% emissions reduction from airlines by 2037 and focuses on promoting low-carbon fuels and advancing vehicle technology for […]
Copenhagen Infrastructure Partners advances the Arena Project, one of Chile’s first large-scale energy storage systems
October 10, 2024
Copenhagen Infrastructure Partners (CIP) has committed to moving forward with the development of the Arena Project, a 220 MW Battery Energy Storage System (BESS) in northern Chile’s Antofagasta region. As one of the first large-scale standalone energy storage projects in the country to enter commercial operations, it aims to shift excess solar energy for nighttime […]
Colombia plans a geothermal energy bidding round
October 10, 2024
Colombia is preparing a bidding round for geothermal energy licenses as part of its efforts to transition from fossil fuels. The process, led. by the Ministry of Mines and Energy, is expected to start by the end of this year. Colombia is also organizing an offshore wind auction and has resumed seven suspended oil and […]
Dominica is set to complete its first geothermal power plant by December 2025
October 10, 2024
Dominica is on track to complete its first geothermal power plant by December 2025, backed by a US$38.9 million contract with India’s Kalpataru Projects. Source: Caribbean National Weekly