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  • IDB Invest and GCF launch Caribbean Net-Zero and Resilient Private Sector Program with US$118.9 million funding

    August 1, 2024

    IDB Invest, in partnership with the Green Climate Fund (GCF), is launching the Caribbean Net-Zero and Resilient Private Sector Program to promote greenhouse gas emission reductions and climate-resilient investments in the Caribbean. The GCF has approved up to US$118.9 million in funding for this initiative. The program aims to boost private sector investment in climate […]

  • Guyana signs US$8.6 million contract for National Control Centre of Gas-to-Energy Project

    August 1, 2024

    The Guyanese government has signed an US$8.6 million contract with Power China to build the National Control Centre for the Gas-to-Energy (GtE) project. The building will be crucial for managing the GtE project and is expected to be completed within 13 months. The project aims to reduce electricity costs by 50% by 2025. Source: Oil […]

  • Barbados to launch BESS procurement to address grid capacity issues and advance solar projects

    August 1, 2024

    The Barbados Ministry of Energy and Business is hosting a three-day workshop to finalize plans for acquiring Battery Energy Storage Systems (BESS). This is a key step to resolve grid capacity issues and advance stalled solar projects. Source: Business Barbados

  • Acciona Energía Perú secures concession for 155.7 MW solar project

    August 1, 2024

    The Ministry of Energy and Mines of Peru has granted Acciona Energía Perú the definitive concession to develop the San José photovoltaic project, which will have an installed capacity of 155.7 MW. Source: PV Magazine LATAM

  • Asunción to introduce first 30 electric buses by end of 2024

    August 1, 2024

    Asunción’s public transport network will see the introduction of its first 30 electric buses by the end of 2024. This initiative is part of a larger plan which is targeting 1,000 electric buses. Source: BNAmericas

  • Codelco secures US$532 million in climate financing to support full decarbonization by 2030

    August 1, 2024

    Chile’s state-owned copper company, Codelco, has secured US$532 million in climate financing from Crédit Agricole CIB, with a guarantee from the Multilateral Investment Guarantee Agency (MIGA) of the World Bank Group. The funds will support Codelco’s plan to fully decarbonize its energy matrix by 2030, which includes transitioning to renewable energy sources. Source: America Economia

  • IDB announces US$300 million loan to support Pará State’s goal of net-zero emissions by 2050

    August 1, 2024

    The Inter-American Development Bank has announced a US$300 million public policy-based loan (PBL) to support the Brazilian state of Pará’s initiative to cut greenhouse gas emissions. The program aims to help Pará achieve net-zero emissions by 2050 through public policy reforms. Source: BNAmericas

  • Chile’s first hydrogen bus nears completion, set to operate early next year

    August 1, 2024

    The construction of Chile’s first hydrogen bus is advancing, with expectations to have the vehicle operational by early next year. The project aims to develop and manufacture the bus entirely in Chile. Source: PV Magazine LATAM

  • HNH Energy proposes US$11 billion green ammonia and hydrogen plant in Chile

    August 1, 2024

    HNH Energy has proposed an US$11 billion green ammonia and hydrogen plant, marking the largest project ever submitted for environmental assessment in Chile’s SEIA. The project includes a range of components: a green ammonia production plant, a seawater desalination facility, a wind farm, a multipurpose port with a maritime terminal, underground power transmission and transport […]

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