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Green climate fund approves loan for 143 MW solar project in Chile
July 22, 2016
The South Korea-based Green Climate Fund approved a loan for a large-scale PV project in Northern Chile. The site will have an initial capacity of 143 MW, though future expansion could put total capacity at 250MW. Project implementation will be done by Sonnedix, a US-based company. While Chile’s government has taken measures to attract renewable […]
T&T gov gets $300m loan from CAF
July 21, 2016
As part of a plan to bolster tax revenue and cushion reductions of subsidies, the Development Bank of Latin America or Corporacion Andina de Fomento (CAF) will provide a grant of US$300 million to Trinidad and Tobago. Falling energy prices have had a negative impact on the country’s fiscal balance and the “Support Programme […]
Renewables investment falls after 2015 record
July 20, 2016
A downturn in renewables investment in 2016 may not be viewed negatively, according to Abraham Louw, associate for energy economics at Bloomberg New Energy Finance (BNEF). Investment declined in many regions including China, the Middle East, Africa, and much of the Americas, but record financing in 2015 may have led to a “hangover” in 2016. […]
Cuba eyes India help to kick start sugar mills
July 20, 2016
As sanctions from the former U.S. embargo lift, Cuba has high hopes for trade and information sharing with India. Sugar is one of Cuba’s key commodities and a partnership with India could lead to the modernization of some of the 160 sugar mills that were in operation before the embargo. Indian Prime Minister Narendra Modi will […]
Siemens signs energy cooperation agreement with Cuban utility
July 20, 2016
An ongoing partnership between Siemens AG and the Cuba will grow further with a new plan to modernize the energy infrastructure of the country. A Memorandum of Understanding (MoU) between the German company and the Unión Eléctrica (UNE) gives Siemens the opportunity to work on projects in the field of of power generation, transmission and […]
Bolivia carries out studies for hydro projects
July 20, 2016
Evo Morales, president of Bolivia, has approved a project for final design studies for 3,251 MW and 425 MW hydro projects. The contract, which is schedule to be signed next week, will be carried out by Geodata Engineering, an Italian firm. The design work will cost US$15 million and take 15 months. Once the design studies […]
Latin America on track to deploy 2.7 GW of solar in 2016
July 19, 2016
Latin America continues to be the global leader in renewable energy in 2016. A total of 2.7 GW of solar PV will be installed this year from projects in Chile, Honduras and Mexico. Record-low bid prices in Mexico are attracting the interest of governments and promoting the country to the second largest market in L.A.; […]
Macquarie fund to buy 22.5-MW solar project in Mexico
July 19, 2016
Macquarie Mexican Infrastructure Fund (MMIF) will supply solar power to government and the private sector in Mexico. As the first managed fund in Latin America, it will buy a 22.5 MW solar project in Coahuila for about MXN 758 million (USD 41m). This represents MMIF’s second investment in renewable energy, as it already has a […]
ACCIONA signs its first renewable energy contract under Mexico’s energy reforms
July 17, 2016
Renewable power company ACCIONA Energia will cover an annual supply of 585.7 GWh of electricity, from two wind farms in Mexico. One of the first companies to sign a PPA with Mexico’s Federal Electricity Commission (CFE), ACCIONA was awarded the contract after an auction held in March. The 168 MW wind farm in the state […]