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Market News

  • Creral and Mil Engenharia begin operation at a 1.2 MWp floating solar power plant in Minas Gerais

    March 31, 2023

    The Brazilian cooperative, Creral, and local engineering firm, Mil Engenharia, began operation at the Veredas Sol e Lares plant, a 1.2 MWp floating solar power plant in Minas Gerais. The project was set up on Santa Marta lake hydropower plant. Source: Renewables Now

  • EDP Renovaveis SA plans to build a 123 MW wind park in Brazil

    March 31, 2023

    EDP Renovaveis SA is planning to build a 123 MW wind park in Brazil’s northeastern Paraiba state. The project will cost a total of US$266.2 million and will feature 21 wind turbines. Source: Renewables Now

  • The IMF approves US$1.7 billion in funding for Jamaica under its Precautionary and Liquidity Line (PLL) and Resilience and Sustainability Facility (RSF)

    March 31, 2023

    The IMF approved US$1.7 billion in funding for Jamaica. Under the two year agreement the country will receive funds from the PLL as insurance against inflation, a global slowdown, and new COVID-19 outbreaks. They will also receive money to help strengthen Jamaica’s resilience to climate change, advance decarbonization efforts, and manage transition risks. Source: JIS.gov

  • Pavana Energy Ltd. announces their first operational wind farm in Barbados

    March 31, 2023

    Pavana Energy announced the development of their first operational wind farm in Barbados. The project is expected to produce 2.5 Gwh of energy annually. Source: Pavana Energy

  • Puerto Rico gears up to launch its first community-led microgrid

    March 17, 2023

    Puerto Rico’s community-led Adjuntas microgrid project is ready to launch. The project has become a high-profile example of how Puerto Rican residents are finding their own solutions to the island’s fragile electricity system. Source: Canary Media 

  • Río de Janeiro releases strategic plan for energy transition projects and decarbonization

    March 17, 2023

    The Brazilian State of Río de Janeiro released its strategic plan for energy transition and decarbonization projects. They have committed to the development of energy transition and decarbonization to promote the development in the region. Source: Estrategia

  • Wavepiston will co-develop a wave energy project with YS Energies Marines Developpement to provide clean energy to local communities in Martinique

    March 17, 2023

    Danish ocean energy organization, Wavepiston partners with YS Energies Marines Developpement (YSEMD) to develop a wave energy project in Martinique, which aims to provide clean energy to local communities. Source: Renews.Biz

  • Peru’s Ministry of Energy and Mines grants definitive concession to Engie for the construction of the 300 MW Hanaqpampa solar park

    March 17, 2023

    Peru’s Ministry of Energy and Mines granted a definitive concession to Engie to develop the Central Solar Hanaqpampa project. The company is authorized to deploy an installed capacity of 300MW. Source: PV Magazine LATAM

  • The KFC Ecuador Group launches operation at the first private photovoltaic project in Ecuador

    March 17, 2023

    The KFC Ecuador Group started operation at its 1.5 MW solar plant. The plant is estimated to supply 90% of the energy demand of 13 fast food outlets in Quito. Source: PV Magazine LATAM

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