Latin America

El Salvador industrial park to add 8 MW of solar PV with $8m IDB Invest loan

IDB Invest, a member of the Inter-American Development Bank (IDB) Group, will support the expansion and installation of 8 MW solar rooftop at an industrial park in El Salvador with an $8m loan. The financing has an 11-year tenor and will allow American Industrial Park SA de CV (AIP) to build more space, improve logistics […]

Laguna Colorada geothermal project faces Covid-19 delays

Bolivia’s state power company Ende has suspended its consultancy procurement call for the 100 MW Laguna Colorada geothermal project, due to ongoing quarantine due to the coronavirus crisis, which runs through May 10. Expressions of interest for the consultancy contract, which includes preparing bidding documents to select contractors, were due by May 18. Source

Mexico to add 200 MW solar PV in 2021

EDP Renovaveis S.A. (EDPR), the renewable energy arm of Portuguese power utility EDP, has secured a 15-year power purchase agreement with Mexican electricity trader Ammper Energia S.A.P.I. de C.V. The offtaker will buy power from the 200 MW Los Cuervos solar power plant that EDPR is building in the Mexican state of Aguascalientes. The installation […]

US$500 million approved for AES Gener renewable projects

Shareholders of Chilean developer AES Gener approved the proposed raising of US$500 million for the installation of 1.6GW of solar and wind projects in Chile and Colombia.   The total US$1.8 billion in funding will come from a combination of the US$500-million capital increase, cash and third-party partnerships. This includes US$335 million from top shareholder AES […]

Energy giant Enel says Covid-19 won’t affect plan for renewables portfolio in Latin America

In its latest financial announcement, Italian energy company Enel said the pandemic currently poses “no material disruption” to its renewable project supply chain, and that it expects to meet its 2020 energy targets. The company intends to move forward with plans to add an additional 14.1GW of renewables by 2022, which includes projects in Chile […]

Pandemic, oil price collapse to take its toll on LAC energy markets

The recent oil price collapse, combined with the economic contraction resulting from measures to fight the global Covid-19 pandemic, will have extensive and largely unforetold impacts for Latin American energy markets and beyond. These implications include cuts to investment and delays to ongoing projects in both oil & gas and renewable energy, fiscal and broader […]

COVID-19 will cause delays for wind energy projects across Latin America

While it may be too soon to have a clear picture on the level of disruption, the wind industry will face a supply chain disruption due to COVID-19. With wind component factories closing down in Spain, and the UK, major suppliers will face delays in distributing necessary parts to reach the anticipated 4.36 GW of […]

Auctions have driven 80% of current renewable energy capacity in LAC

On the occasion of Mexico WindPower 2020, the Latin American Energy Organization (OLADE) and the Global Wind Energy Council (GWEC) have published a joint report Competitive Processes for Financing Renewable Energy Projects which found that over 80 percent of current renewable energy capacity in Latin America and the Caribbean has been driven by public tenders […]

Chile aims for 100% electric public transportation by 2040

Chile will underscore its commitment to sustainable energy ahead of Expo 2020, with the announcement by the country’s government they will decarbonise the electric sector and implement 100% electric public transport by 2040 and achieve carbon neutrality by 2050. Source