LAC Renewable Energy - Page 26 of 84

Barbados advances renewable energy goals with the Energy Supply Bill
October 10, 2024
The Mia Mottley administration has made significant progress toward its renewable energy goals with the passage of the Energy Supply Bill, which aims to transform Barbados’ energy sector. The legislation addresses deficiencies in the Electric Light and Power Act, fostering a sustainable and competitive market while supporting the target of 100% renewable energy by 2030. […]
IDB Invest structures US$2.4 billion facility to support Chile’s power generation sector, marking record mobilization of private resources
October 10, 2024
IDB Invest had structured a US$2.4 billion facility to support Chile’s power generation sector. This initiative represents the largest mobilization of private resources in IDB Invest’s history and aims to ensure financial stability for power companies and a controlled transition to market prices, benefiting vulnerable consumers. Source: IDB Invest
USAID launches five-year program to protect marine biodiversity in 13 Caribbean nations
October 10, 2024
USAID launched a five-year program aimed at reducing threats to marine biodiversity in 13 Caribbean countries. The project, known as the USAID Caribbean Sustainable Ecosystems Activity, is based in Santo Domingo and focuses on managing marine protected areas, improving solid waste management, and enhancing the sustainability of fisheries. The initiative works with local communities and […]
Ecuador and Japan sign US$43 million loan agreement for a geothermal project
October 10, 2024
Ecuador and Japan signed a US$43 million loan agreement for the Chachimbiro geothermal project in Imbabura, Ecuador, which aims to achieve 50 MW of installed capacity. Source: ThinkGeoEnergy
Mexico aims for 45% renewable energy generation by 2030
October 10, 2024
Mexico plans to achieve 45% renewable energy generation by 2030 and will limit crude oil production, prioritizing domestic consumption. The government aims to enhance access to solar PV technology and strengthen refineries to boost national production of petrochemicals and fertilizers Source: Enerdata
Costa Rica’s ICE plans to develop largest solar farm in the country
October 10, 2024
Costa Rica’s Instituto Costarricense de Electricidad (ICE) has announced plans to build a 66 MW solar farm in Guanacaste, the country’s largest. An investment of around US$80 million has been allocated for the feasibility study of the solar project, which is expected to generate approximately 139.49 GWh annually. Source: Renewables Now
EU and Uruguay sign US$2.2 million agreement to advance green hydrogen roadmap
October 10, 2024
The EU and the Government of Uruguay have signed a declaration of intent for a US$2.2 million non-reimbursable contribution to strengthen Uruguay’s green hydrogen roadmap. The funding will enhance capacity building for green hydrogen production, adapt the regulatory framework, and implement a public awareness plan. Source: Renewables Now
BNDES approves US$110.7 million loan for 422 MWp solar complex
October 10, 2024
The Brazilian Development Bank (BNDES) has approved a US$110.7 million loan for the construction of the 422-MWp Irapuru Solar Complex, part of the Janauba Solar Complex in Minas Gerais. Source: Renewables Now
Brazil’s Sudene approves US$27.6 million loan for solar projects by EDP Renovaveis Brasil
September 26, 2024
Brazil’s Superintendency for the Development of the Northeast (Sudene) has approved a US$27.6 million loan for two solar projects developed by EDP Renovaveis Brasil, with a combined capacity of 98 MW. Source: Renewables Now