Latin America - New Energy Events

IDB closes year with nearly US$20 billion in new financing for the Caribbean and Latin America

The Inter-American Development Bank (IDB) and its private-sector arm, IDB Invest predict they will end 2021 with $19.5 billion in new investments for Latin America and the Caribbean. The financing is the second-highest annual total in the history of the organizations. The investments have helped countries start to recover from the pandemic and shift towards […]
Engie secures financing for 434MW wind complex in Brazil

Engie’s 434MW Santo Agostinho wind farm complex in the Brazilian region of Rio Grande do Norte gains the support of Brazil’s National Bank for Economic and Social Development (BNDES). They will provide Engie with 64% of the project’s total investment. The development includes 14 wind farms and construction will employ 900 local workers. The finances […]
EDF Renewables wins a microgrid tender in Peru combining solar power generation and storage, to supply the biggest remote city in the world

EDF Renewables have been awarded the tender for a microgrid in Iquitos, Peru and plans to develop and operate around 100 MW of photovoltaic capacities, and more than 100 MW of battery energy storage. The agreement includes a 20 year PPA with the state-owned electricity distribution company, Electro Oriente aiming to provide electricity at a […]
Brazil’s Ceara okays 850 MW of wind, solar projects

Two 849.9 MW of wind and solar photovoltaic (PV) projects were approved by the state council on the environment of the Brazilian state of Ceara (Coema). One being the 439.9-MW Complexo Fenix wind power complex proposed by local company Rio Energy Desenvolvimento de Renovaveis SA and the second, a 410-MW Serra Dantas PV complex, from […]
Total Eren signs MoU with Brazil’s Ceará to implement a green hydrogen project

The Government of Ceará signed a memoranda of understanding (MoU) with Total Eren to implement a green hydrogen project within the Pecem industrial and port complex in the northeast of Brazil. This is the 13th MoU signed by the government with other companies interested in producing similar projects. Source: Focus.jor
Costa Rica to take advantage of electricity surplus to develop green hydrogen

The Government of Costa Rica plans to tap into into the surplus resources in the National Electric System (SEN) in an effort to move towards the development a green hydrogen economy and decarbonization. One of the key objectives in the initiative is to create a hydrogen promotion plan by establishing guidelines for the development of […]
AES Brasil to invest in a green hydrogen plant in Ceará

The Government of Ceará in Brazil recently signed an MOU with AES Brazil that aims to increase investments in the state’s green hydrogen sector. The MOU was the 14th signed by Ceará in this rapidly emerging market, and will lead to the construction of a green hydrogen production plant in the Pecem industrial and port […]
Panama ranked as one of the most attractive markets in the Americas for energy transition investments

Panama has officially ranked fifth as the most attractive market for investment in the energy transition among the countries in the Americas, according to the Climatescope 2021 report released by Bloomeberg New Energy Finance. The report highlights the transition for transportation policies as one of the three pillars of emerging markets for investors to look […]
CAF to use $7 billion capitalization for recovery, renewables in Latin America

CAF, the Development Bank of Latin America, will use $7 billion in planned equity capitalization to back economic recovery and renewable energy development in the region. CAF president Sergio Diaz-Granados says he wants CAF to be the green bank of the region, stating, “the bank is not just for sustainable reactivation, but is thinking of […]