Latin America - New Energy Events

According to the IDB, Latin America and the Caribbean can gain an additional US$78 billion in annual exports though nearshoring
June 29, 2022
According to the Inter-American Development Bank Latin America and the Caribbean could add US$78 billion annually in additional exports of goods and services by using nearshoring. Source: Breaking Belize News
GEAPP and RELAC launch collaborative initiative to increase renewable energy penetration in the Caribbean by 2030
June 29, 2022
The Global Energy Alliance for People and Planet (GEAPP) and Renewable Energy for Latin America and Caribbean (RELAC) GEAPP team up to launch an initiative that supports RELAC’s goal of increasing renewable energy proportions in the Caribbean to 70% by 2030. Source: Renews Biz
The World Bank approves a US$250 million loan to the Panamanian Government
June 29, 2022
The World Bank granted the Panamanian government a US$250 million loan to help fund healthcare, education, and social services programs. Source: Latin Finance
Chile takes steps to adopt green hydrogen as fuel for operations at Santiago International Airport
June 15, 2022
Chile took the first steps in adopting green hydrogen as a fuel for operations at the Merino Benítez International Airport (Santiago International Airport). Air Liquide is working with the airport operator, Nuevo Pudahuel, on the study’s development. Source: Airport Technology
Argentinian agribusiness, Cresud will sell at least US$20 million in 33-month dollar-denominated bonds in the local market
June 15, 2022
Cresud, a leading agriculture business in Argentina, will sell at least US$20 million in 33-month dollar-denominated bonds in the local market. Source: Latin Finance
The World Bank to lend US$400 million to Argentina for agricultural infrastructure investments
June 15, 2022
Argentina will borrow US$400 million from The World Bank for agricultural infrastructure investments to encourage farm output in the north, boost the incomes of small farmers, and improve food security across the nation. The government will also provide US$100 million in credit, and the private sector will give US$50 million. Source: Latin Finance
Chile rejects Mitsui and Shell’s plans for a US$650 million power plant in the Atacama desert
June 15, 2022
Chile’s government rejected plans from Mitsui and Shell to build a US$650 million power plant that would run on liquefied natural gas in the Atacama desert. Construction on the project would have started this year. However, after reviewing fifteen objections, a group of Ministers rejected the project on fears that it would threaten the local […]
Chile seeks low-cost policy options to decarbonize its power sectors
June 15, 2022
Chile’s government promises to close all the coal-fired power plants in the region by 2025. They are also seeking additional low-cost policy options to decarbonize the power sectors. Source: Clean Energy News
CABEI and other regional multilaterals commit to US$50 billion to support climate change action across LAC.
June 15, 2022
At the Summit of the Americas, CABEI and other regional multilateral organizations like the IDB, CAF, and CDB announced they will invest US$50 billion to support climate change action in the LAC region over the next five years. Source: BCIE