The Brazilian development bank (BNDES) will focus on infrastructure projects but seeks smaller stakes in each to distribute capital to more projects. They are also trying to attract private sector banks to this non-recourse project finance model. Source: BNAmericas
ReVolve Renewable Power has signed an agreement with private Mexican landowners for an additional 26,000 acres to expand its existing 400 MW Presa Nueva wind development project. ReVolve is adding up to 300 MW of new wind capacity. Source: SeeTao
The Institute for Environmental Analytics announced an MoU with the Suriname Energy Chamber (SEC), in collaboration with the Caribbean Climate-Smart Accelerator (CCSA), to conduct a pilot study in Suriname using its EnergyMetric renewable generation modeling software. Source: Ace Media
Embraer SA, the Brazilian aerospace company, signed a PPA guaranteeing that 100% of the electricity the company needs in Brazil will come from renewable sources. Source: Renewables Now
Portugal’s GALP is looking to Brazil to expand its renewables portfolio. The company doubled its global clean energy investments after purchasing a 4.8 GW project pipeline. Source: Clean Energy News
Spain’s Cobra has committed to investing over US$181 million in a 110 MW wind project in Ecuador. The project is set to be the largest wind farm in the country. Source: Renewables Now
The Coalition for Climate Resilient Investment released new technology in Jamaica called the Systemic Risk Assessment Tool. The system was developed to help identify “hotspots” across the major infrastructure networks in the country, such as energy, water, and transport, to determine the most vulnerable to climate risk. Source: Reinsurance News
