LAC Renewable Energy - Page 7 of 88

Brazil proposes power sector reform with expanded social tariffs and market access
April 25, 2025
Brazil’s Ministry of Mines and Energy has introduced a legislative proposal to reform the electricity sector, focusing on fairer tariffs, expanded consumer choice, and cost rebalancing. A key feature includes a new Social Tariff that would eliminate electricity bills for around 4.5 million low-income families using up to 80 kWh monthly, benefiting up to 17 […]
MPC Capital sells stake in Jamaica’s largest solar plant to InterEnergy Group
April 25, 2025
MPC Capital has completed the sale of its 34.4% stake in Paradise Park, Jamaica’s largest solar photovoltaic plant (51 MWp), to InterEnergy Group for $5.9 million. Developed in partnership with Neoen and financed by European development banks, Paradise Park is one of the Caribbean’s most significant renewable energy projects. Source: PV Magazine LATAM
Canadian Solar to supply 228 MW battery storage system for Chilean project
April 25, 2025
Canadian Solar has signed a contract with Chilean energy company Colbún to deliver a 228 MW/912 MWh battery energy storage system (BESS) for the Diego de Almagro Sur project in the Atacama region. Source: PV Magazine LATAM
Guatemala launches US$5 billion energy tender to secure 1,400 MW by 2030
April 25, 2025
Guatemala has launched its largest-ever energy tender, PEG-05-2025, aiming to contract up to 1,400 MW of guaranteed power starting in 2030 through new renewable and low-emission projects. Overseen by the Ministry of Energy and Mines and the CNEE, the plan could attract $US3–$US5 billion in investment for generation and transmission. Source: PV Magazine LATAM
Repsol starts power generation at Chile’s largest wind farm
April 25, 2025
Repsol has started producing electricity at the 364 MW Antofagasta Phase 1 wind farm in northern Chile, the country’s largest wind facility. Completed in 19 months with a nearly US$454 million investment, the project will generate 750 GWh annually—enough to power around 220,000 households. Source: Renewables Now
Atlas Renewable Energy secures US$510 million for Chilean solar-plus-storage project
April 25, 2025
Atlas Renewable Energy has secured US$510 million in financing from a consortium of international banks to develop the Estepa hybrid project in Chile. The initiative includes a 215-MW solar plant paired with two battery energy storage systems totaling 418 MW of four-hour capacity. Source: Renewables Now
Wärtsilä signs performance-based decarbonization deal with Curaçao utility Aqualectra
April 25, 2025
Wärtsilä has signed a five-year decarbonization services agreement with Curaçao’s utility Aqualectra, tying its payments to outcomes like reduced CO₂ emissions, improved energy reliability, and increased renewable energy use. The deal supports Curaçao’s goal to raise its renewable capacity from 30% to 70% by 2027 and includes the installation of a 38.4 MW grid balancing […]
World Bank launches regional facility to boost renewable energy in Eastern Caribbean
April 25, 2025
The World Bank has approved the Caribbean Resilient Renewable Energy Infrastructure Investment Facility to support Grenada, Saint Lucia, and Saint Vincent and the Grenadines adopt cleaner, more resilient energy systems. Source: CBS42
Honduras considers debt-for-nature swaps and bond strategies to meet 2025 budget needs
April 10, 2025
Honduras is exploring new debt strategies for its 2025 budget, including debt-for-nature swaps, inspired by similar deals in Costa Rica, Ecuador, and El Salvador. Finance Minister Christian Duarte noted the government is prioritizing agreements with multilateral agencies but is also considering repackaging domestic bonds into international ones to diversify financing options. Source: Latin Finance