Market News - New Energy Events

Dominica advances with first geothermal power plant project
December 6, 2024
Dominica is progressing with its first geothermal power project, with site preparation for the 10 MW plant underway. Construction is expected to begin by early 2025, following the completion of excavation work. The government has signed an agreement with Ormat Technologies Inc. to finance, operate, and maintain the plant, with ownership transferring to the government […]
Unicamp launches largest university microgrid in Latin America
December 6, 2024
The State University of Campinas (Unicamp) has launched the CampusGrid microgrid on its Barão Geraldo campus, the largest university microgrid in Latin America and the Caribbean. This US$7.7 million project integrates a 565 kW solar system with a 1 MW battery energy storage system (BESS) that provides up to two hours of autonomy, along with […]
Chile approves 250 MW “BESS La Isla” project for enhanced grid flexibility and decarbonization goals
December 6, 2024
The Chilean Environmental Impact Assessment System (SEIA) has approved the 250 MW “Battery Energy Storage System – BESS La Isla” project in Llay Llay, Valparaíso, which will use lithium ferrophosphate (LFP) battery technology with a total capacity of 1,250 MWh. The project aims to integrate with the National Electric System to enhance flexibility, security, and […]
Acciona and Kallpa Generación partner to develop a 225 MW PV plant
December 6, 2024
Acciona has partnered with Peruvian company Kallpa Generación to build a 225 MW photovoltaic plant in La Joya, Arequipa. Source: PV Magazine LATAM
Chile, EU, and OLADE launch initiative to strengthen Latin America’s capacity for hydrogen certification and export
December 6, 2024
The Chilean government, the European Union, and OLADE have launched a project aimed at strengthening Latin America’s capacity to meet international standards for certifying low- or zero-emission hydrogen and its derivatives for export. This initiative focuses on boosting the clean energy market in the region by identifying regulatory requirements and standards through workshops and technical […]
Itaipu Binacional launches 2.5 MW solar plant on rehabilitated land in Cascavel, Paraná
December 6, 2024
Itaipu Binacional has inaugurated a 2.5 MW photovoltaic plant in Cascavel, Paraná, built on a former garbage dump, as part of a project to rehabilitate degraded areas. With a total investment of over US$1.9 million, the plant will power part of the local electric bus fleet and provide energy to municipal public buildings, contributing to […]
Ecopetrol to build green hydrogen plant at Cartagena Refinery
December 6, 2024
Ecopetrol is set to build a green hydrogen plant at the Cartagena Refinery with an investment of nearly US$28.5 million. The 5 MW facility is expected to produce 800 tons of green hydrogen annually, with operations slated to begin in the first half of 2026. Source: El Colombiano
Bolivia signs US$1 billion contract for lithium carbonate plants in Uyuni Salt Flats
December 6, 2024
Bolivia has signed a US$1 billion contract with Hong Kong CBC Investment, a subsidiary of CATL, for the construction of two lithium carbonate plants in the Uyuni salt flats. This partnership, led by Bolivia’s Yacimientos de Litio Bolivianos (YLB), aims to boost the country’s lithium production with capacities of 10,000 and 25,000 metric tons of […]
CELIA consortium launches high-capacity submarine cable to enhance Caribbean connectivity
December 6, 2024
The CELIA consortium has launched a new high-capacity submarine fiber optic cable, connecting key Caribbean locations and Florida. Spanning over 3,700 km, the cable will provide an initial estimated capacity of over 170 terabits per second and support increased digital demand in the region. Expected to go live in 2027, CELIA will enhance connectivity, ensuring […]