Latin America & Caribbean - Page 50 of 84

Jamaica Inn takes step towards carbon neutrality with new solar power addition
February 1, 2024
Jamaica Inn in Ocho Rios, St Ann, is making strides towards achieving carbon neutrality by 2026 by adding a 53-kilowatt photovoltaic solar panel plant to its environmental initiatives. The resort’s commitment to sustainable practices is part of its broader ESG program. Source: Jamaican Gleaner
CDF and U.S. announce plans for climate-resilient fund in the Caribbean
February 1, 2024
The CARICOM Development Fund (CDF) and the United States announced plans for a CARICOM Resilience Fund. The new blended finance initiative, with a target of US$100 million, and technical assistance from the U.S. Agency for International Development, will be dedicated to supporting initiatives that enhance growth and resilience in the Caribbean region in the face […]
IFC backs Banco Santander Mexico with US$93 million credit guarantee for SME financing
February 1, 2024
The IFC announced a credit guarantee of US$93 million for Banco Santander Mexico, facilitating increased resources for financing small and medium-sized businesses (SMEs) in the country. Source: IFC
Panama launches groundbreaking 500 MW tender auction for renewables and energy storage
February 1, 2024
Panama has initiated a groundbreaking 500 MW tender auction encompassing renewables and energy storage, marking the first such auction in Central America to include storage. The national secretary of energy and state-owned electricity transmission company, Empresa de Transmisión Eléctrica SA (ETESA), will conduct the bidding process in the second quarter of 2024, with application publication […]
Colbun inaugurates Peru’s first green hydrogen production system at Fenix power plant
February 1, 2024
Chilean utility, Colbun, has launched the operation of a green hydrogen production system at its Fenix gas-fired power plant in Peru. The first of its kind in Peru, the green hydrogen setup incorporates a solar photovoltaic farm, an electrolyser, and the utilization of demineralized water. Source: Renewables Now
Auren Energy commences commissioning of 100.6 MW segment in Brazil’s Sol de Jaiba solar park
February 1, 2024
Brazilian energy firm Auren Energy has initiated the commissioning process for a 100.6 MWp segment of the 629.9 MWp Sol de Jaiba solar park, situated in Jaiba, Minas Gerais. Representing one of Brazil’s largest photovoltaic plants, the Jaiba project is expected to require investment of around US$407 million. The project is slated for commercial operation […]
RWE proposes 257 MW solar farm with 255.4 MW battery storage in Chile
February 1, 2024
RWE AG, the German energy group, has submitted a project proposal for a 257 MWp solar farm along with a 255.4 MW battery energy storage system (BESS) in Chile. The project, Los Durmientes, has been accepted for environmental evaluation by the environmental authority of the Antofagasta region. RWE plans to invest approximately US$300 million for […]
Grenergy Renovables secures 15-Year PPA for 260 MW solar-plus-storage in Chile’s Oasis de Atacama
February 1, 2024
Grenergy Renovables has secured a 15-year power purchase agreement (PPA) for the fourth phase of its Oasis de Atacama solar-plus-storage project in Chile.The entire Oasis de Atacama complex will encompass nearly 1 GW of solar capacity and 4.1 GWh in battery energy storage systems, with the fourth phase featuring 260 MW of solar and 220 […]
Verano Energy proposes gigawatt-scale green hydrogen project in Peru
February 1, 2024
Verano Energy submitted an environmental impact assessment for the Horizonte de Verano project in Peru. This giga-scale clean energy initiative, which includes a 5,850-MWp solar generation complex, aims to develop green hydrogen and ammonia production facilities, with an eventual annual output target of 1.65 million tonnes of green ammonia. Source: Renewables Now