Industry Analysis - New Energy Events

Guyana signs historic agreement to sell US$750 million worth of carbon credits to the Hess Corporation
December 8, 2022
Guyana has signed a multi-year deal with the Hess Corporation to sell the US energy major high-quality carbon credits for US$750 million. A significant portion of the money from the deal will flow to indigenous communities. Source: Guyana Times
Brazil’s Pecem Industry and Port Complex signs contracts to build a green hydrogen and ammonia plant
December 8, 2022
Brazil’s Pecem Industry and Port Complex, and Brazilian developers Casa dos Ventos Energias Renovaveis and Comerc Eficiencia, will begin construction on a green hydrogen and ammonia plant with up to 2.4 GW of electrolysis capacity. Source: EnergyNews.biz
Equinox will start construction on its 531 MW solar project in Brazil
December 8, 2022
Equinox will begin construction on its 531 MW Mendubim solar project in Brazil. The project’s total investment cost is US$430 million. Source: Renews.Biz
Jamaica’s Ministry of Education will implement solar energy projects in 30 institutions beginning in 2023
December 8, 2022
The Ministry of Education in Jamaica will implement pilot solar energy projects in 30 institutions to promote solar energy usage in schools. The projects will begin in 2023. Source: Caribbean National Weekly
The IFC has granted a green loan of US$25 million to the Inter-American Finance Bank of Peru
December 8, 2022
The IFC has granted US$25 million to the Inter-American Finance Bank of Peru for green construction, energy efficiency and climate-smart agribusiness projects. Source: PV Magazine LATAM
The IDB approves loans for a total of US$650 million to Uruguay and Argentina to aid in the low-carbon energy transition
December 8, 2022
The IDB has approved two lines of credit to Uruguay and Argentina, one of US$150 million, and another of US$500 million. The loans will be used to meet the goals of the low-carbon energy transitions in both countries. Source: PV Magazine LATAM
Bolivia launched its first hybrid distributed generation system in San Simón
December 8, 2022
Bolivia launches its first distributed generation system in San Simón. The plant is powered by a hybrid of solar energy, lithium batteries, and a diesel genset. Source: PV Magazine LATAM
The 766 MW Sol do Cerrado solar park, located in Brazil, has started generating power
December 8, 2022
The 766 MW Sol do Cerrado solar park, located in Minas Gerais, started generating power in four of its 17 sub-farms. The solar park, comprised of 1.4 million solar panels, cost a total of US$590 million to develop. Source: Renewables Now
Solarpak recieves loans for US$133.6 million to develop two solar farms in Colombia
December 8, 2022
Solarpack, the Spanish solar power developer, received a loan for US$133.6 million to develop two solar farms in Colombia with a combined capacity of 252 MW. Source: Renewables Now