LAC Renewables

The IMF approves US$1.7 billion in funding for Jamaica under its Precautionary and Liquidity Line (PLL) and Resilience and Sustainability Facility (RSF)

March 31, 2023

The IMF approved US$1.7 billion in funding for Jamaica. Under the two year agreement the country will receive funds from the PLL as insurance against inflation, a global slowdown, and new COVID-19 outbreaks. They will also receive money to help strengthen Jamaica’s resilience to climate change, advance decarbonization efforts, and manage transition risks. Source: JIS.gov

Pavana Energy Ltd. announces their first operational wind farm in Barbados

March 31, 2023

Pavana Energy announced the development of their first operational wind farm in Barbados. The project is expected to produce 2.5 Gwh of energy annually. Source: Pavana Energy

Puerto Rico gears up to launch its first community-led microgrid

March 17, 2023

Puerto Rico’s community-led Adjuntas microgrid project is ready to launch. The project has become a high-profile example of how Puerto Rican residents are finding their own solutions to the island’s fragile electricity system. Source: Canary Media 

Río de Janeiro releases strategic plan for energy transition projects and decarbonization

March 17, 2023

The Brazilian State of Río de Janeiro released its strategic plan for energy transition and decarbonization projects. They have committed to the development of energy transition and decarbonization to promote the development in the region. Source: Estrategia

Wavepiston will co-develop a wave energy project with YS Energies Marines Developpement to provide clean energy to local communities in Martinique

March 17, 2023

Danish ocean energy organization, Wavepiston partners with YS Energies Marines Developpement (YSEMD) to develop a wave energy project in Martinique, which aims to provide clean energy to local communities. Source: Renews.Biz

Peru’s Ministry of Energy and Mines grants definitive concession to Engie for the construction of the 300 MW Hanaqpampa solar park

March 17, 2023

Peru’s Ministry of Energy and Mines granted a definitive concession to Engie to develop the Central Solar Hanaqpampa project. The company is authorized to deploy an installed capacity of 300MW. Source: PV Magazine LATAM

The KFC Ecuador Group launches operation at the first private photovoltaic project in Ecuador

March 17, 2023

The KFC Ecuador Group started operation at its 1.5 MW solar plant. The plant is estimated to supply 90% of the energy demand of 13 fast food outlets in Quito. Source: PV Magazine LATAM

BNDES approves US$17 million in financing to Helexia to support 19 MW of DG solar powered projects

March 17, 2023

BNDES approved US$17 million in financing to support 19 MW of DG solar powered projects owned by Helexia. The company plans to use the money for the construction of 17 new solar facilities in Parana, Mato Grosso do Sul and Rondonia. Source: Renewables Now

Ecopetrol, Baker Hughes, and Grupo EPM’s Caldas Hydroelectric Power Plant (CHEC) partner to study the feasibility of a geothermal energy project in Colombia

March 17, 2023

Ecopetrol, Baker Hughes, and Grupo EPM’s Caldas Hydroelectric Power Plant (CHEC) signed an MoU to study the potential for a geothermal plant in Nereidas Valley, located in the department of Caldas, Colombia. Source: Portafolio