Latin American ESG

Enel to invest US$40 billion in grid and renewable energy over next three years

November 21, 2024

Enel SpA, Italy’s utility giant, plans to invest US$40.05 billion in its grid and renewables energy businesses between 2025 and 2027, focusing on core activities and regulated assets with predictable returns. About 75% of the total investment will be directed toward Enel’s European operations, while the remaining 25% will go to its Latin and North […]

BRDE supports renewable energy projects in Brazil’s Parana State with a US$3.8 million credit line

February 15, 2024

Brazil’s Regional Bank for the Development of the Far South, or BRDE has approved a US$3.8 million credit line to bolster renewable energy initiatives in the Cornelio Procopio municipality, Parana state. Initially, the funds will be allocated to installing solar panels on public buildings, aiming to slash electricity costs. Source: Renewables Now

CIF approves a US$70 million plan to support grid flexibility for clean energy integration in Brazil

July 6, 2023

Climate Investment Funds (CIF) approved a US$70 million plan to improve the flexibility of Brazil’s electricity grid, which will make it easier to integrate more renewable energy into the system. The plan will also help to reduce emissions from the electricity sector. Source: Renewables Now