Industry Analysis - Page 57 of 130

The Green Climate Fund (GCF) and IFC team up to invest in increasing energy grid resilience in Barbados
October 27, 2023
The Green Climate Fund (GCF) has approved the provision of up to $41 million in blended concessional financing to support IFC’s proposed investment in RenewStable Barbados, a 50 MW solar generation facility with green hydrogen and lithium-ion battery storage that will provide clean and stable electricity to the Barbadian grid. Source: Pressroom IFC
Brazil’s Ceara signs MoU with GoVerde Energia for the production of solar energy and green ammonia
October 27, 2023
Brazil’s Ceara state government signed an MoU with GoVerde Energia to collaborate on the production of solar energy and green ammonia at the port of Pecem. The project has an expected investment of US$597.6 million. Source: Renewables Now
Argentine cement and energy group PCR SA connects three new wind farms totaling 198 MW
October 27, 2023
Argentine cement and energy group PCR SA connected three wind projects, the 112.5-MW San Luis Norte farm in the San Luis Province, the 49.5-MW Vivorata project, and the 36-MW Mataco III project, both in the Buenos Aires Province. Source: Renewables Now
Canada’s Innergex Renewable Energy Inc inaugurates BESS alongside its 68-MW solar farm in Chile
October 27, 2023
Canada’s Innergex Renewable Energy Inc inaugurated a battery energy storage system (BESS) located alongside its 68-MW Salvador solar farm in Chile. The project required an investment of US$75 million. Source: Renewables Now
The Brazilian Senate’s Environment Committee (CMA) drafts bill to regulate the use of hydrogen
October 27, 2023
The Brazilian Senate’s Environment Committee (CMA) approved a draft bill to regulate the use of hydrogen and green hydrogen as an energy source. Source: Renewables Now
TotalEnergies to invest US$98.8 billion in Brazil
October 27, 2023
TotalEnergies will invest US$98.8 billion in Brazil, including the development of offshore wind projects. Source: Renewables Now
Jamaica Public Service (JPS) plans to shut down two fossil fuel-fired power plants and replace them with RE
October 27, 2023
Jamaica Public Service (JPS is expected to shut down two fossil fuel-fired power plants at Rockfort and Hunt’s Bay in Kingston. JPS will invest US$500 million to replace the power plants with renewable energy. Source: Jamaica Observer
Biden administration set to announce US$7 billion in highly anticipated hydrogen hub grants
October 12, 2023
The Biden administration is expected to announce US$7 billion in federal grants to expand and develop regional hydrogen hubs. Source: Reuters
RMI and Saba Electric Company NV (SEC) to partner on 3rd phase of its Renewable Energy Project
October 12, 2023
Saba Electric Company NV (SEC) and RMI are moving forward with a partnership which will see the island producing nearly 90% of its energy needs with local, renewable, and resilient sources. The project will consist of solar energy, battery storage, and wind energy generation, which will be located on the east side of the island […]