Latin America & the Caribbean
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Orizon is issuing green bonds to finance the Ure Barueri waste-to-energy project the company is developing in Brazil.
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Santiago-based utility Transelec has acquired a transmission project located in the Antofagasta region of Chile from TotalEnergies.
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Neoenergia, through its subsidiary Neoenergia Coelba, has signed a commitment to invest R$1.2 billion ($211m) in distribution networks in Bahia.
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Brazilian renewables developer 2W Ecobank has appointed Ricardo Levy as chief executive officer.
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ContourGlobal has completed the sale of a portfolio of wind projects in Brazil to alternative asset manager Patria Investimentos and Invenergy.
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Brazilian utility Copel has appointed Felipe Gutterres as chief financial and investor relations officer.
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Independent power producer Northland Power has closed the sale of its La Lucha solar project in Mexico to Cometa Energía, a subsidiary of Saavi Energía.
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Chilean power company Colbún has agreed to acquire Inversiones Latin America Power (ILAP) following ILAP’s restructuring process completed earlier this year.
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Eletrobras and pulp and paper manufacturer Suzano have signed a memorandum of understanding to develop green hydrogen and synthetic fuels initiatives in Brazil.
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Renewable developer Genneia raised $60 million in green bonds to support the development of renewable projects in Argentina.
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Ethanol and sugar producer Copersucar has signed a memorandum of understanding with Geo bio gas&carbon for the production of sustainable aviation fuel in Brazil.
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Neoenergia has signed a memorandum of understanding (MoU) with the government of Ceará to develop offshore wind generation.
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Solarity and Santander Chile have signed an additional financing line to support the developer’s deployment of distributed generation solar assets in Chile.
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Renewables developer Genneia is planning to issue green bonds for renewable projects in Argentina.
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The National Energy Commission (CNE) has granted a permanent concession to an 83MW solar project in the Dominican Republic.
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Peruvian investment promotion agency ProInversión has awarded a trio of transmission projects totalling $329 million in investments.
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Corporación Interamericana para el Financiamiento de Infraestructura (Cifi) has issued a series of green bonds totalling $10 million to finance renewable projects in Latin America.
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Peruvian investment promotion agency ProInversión is expected to award $329 million in investments to 3 transmission projects this month (June 2024).
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Energy company Pampa Energía has signed a power purchase agreement with beverage company Coca-Cola Andina Argentina.
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Renewables developer RZK Energia landed financing from Banco do Nordeste (BNB) for distributed solar projects in Brazil.
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Equinor, through its renewable platform Rio Energy, is planning to turn its 200MW Serra da Babilônia wind project into a hybrid complex by adding a solar plant on site.
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State-owned power and telecommunications provider Instituto Costarricense de Electricidad (ICE) has signed a letter of interest for financing from the European Investment Bank (EIB).
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Brazilian oil and gas giant Petrobras has signed a memorandum of understanding (MoU) with Rio de Janeiro for the development of offshore wind in the state.
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Omnigen Energy has secured financing for the development of a portfolio of small-scale solar power plants in Brazil.
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Iberdrola has signed a PPA to supply renewable power to food and beverage manufacturer Millfoods in Mexico.
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Actis has launched energy platform Orygen in Peru following the company’s acquisition of Enel’s Peruvian generation business.
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Centrais Elétricas de Santa Catarina (Celesc) has landed financing from Brazilian development bank BNDES.
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Neoenergia is issuing R$1 billion ($185m) in debentures to finance transmission lines in Brazil.
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Brazilian renewables developer Serena Energia (formerly Omega Energia) is issuing R$400 million (74m) in debentures.
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Brazil’s competition regulator CADE has approved the sale of AES’s Brazilian portfolio to renewables developer Auren Energia.
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Grupo Energía Bogotá, through its subsidiary Enlaza, has landed the greenlight to proceed with its Colectora transmission project in Colombia.
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Renewables developer Casa dos Ventos has inked a long-term power purchase agreement for one of the company’s wind projects in Brazil.
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EDF Renewables has issued debentures for the expansion of the Serra do Seridó wind complex in Brazil.
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Oil and gas company Ultragaz has acquired a majority stake in renewable energy services and commercialisation platform Witzler Energia.
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Chilean developer Orion Power is planning to develop a standalone battery energy storage system (BESS) in the region of Atacama.
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Brazilian development bank BNDES has signed agreements with China Development Bank and the Asian Infrastructure Investment Bank (AIIB) to finance sustainable projects in Brazil.
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YPF Luz, the power generation arm of YPF, is planning to issue up to $50 million in bonds in Argentina.
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Renewable developer Genneia is planning to develop a pair of solar projects in the province of Mendoza.
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China’s State Power Investment Corporation (SPIC) is planning to develop a 105MW wind complex in the state of Rio Grande do Norte in Brazil.
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Equatorial Energia has requested 2 loans totalling up to $250 million from the International Finance Corporation (IFC).
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Eletrobras has completed the sale of a portfolio of gas-fired power plants in Brazil to Âmbar Energia.
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State-owned Eletrobras has signed a memorandum of understanding (MoU) with Prumo Logística to support the development of green hydrogen in Brazil.
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Engie is planning to issue up to R$2 billion ($381m) in debentures to finance a wind complex the company is developing in Brazil.
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The Saudi Fund for Development (SFD) has signed an agreement with the government of El Salvador to finance a biogas power plant.
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Brazilian utility Copel has hired Rodolfo Lima to head its energy trading and commercialization business.
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Sindicato Energético (Sinersa) has completed the acquisition of a hydroelectric asset from Glencore-owned mining company Volcan in Peru.
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Renewables developer Auren Energia has agreed to acquire energy trading company Esfera Energia.
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Grupo Energisa has landed financing from the Brazilian development bank BNDES to support its distribution subsidiaries in Brazil.
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Miami-based Atlas Renewable Energy is planning to develop a 304MW wind project in Chile.
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Atlas Renewable Energy has requested a $55 million loan from IDB Invest for its Shangri-La solar project in Colombia.
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Alupar Investimento has landed a pair of transmission projects in an auction held in March by Chile’s National Electrical Coordinator (CEN).
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SIBA Energy Corporation has landed long-term financing for a combined-cycle gas fired power plant in the Dominican Republic.
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Chilean utility Colbún is planning a $1.4 billion energy storage asset in the region of Antofagasta.
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Oil and gas company Petroquímica Comodoro Rivadavia (PCR) is adding a solar project to its San Luis Norte wind farm in Argentina.
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Brazilian utility Copel and Petrobras have concluded the sale of the Araucária gas-fired power plant they co-owned in Brazil.
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Neoenergia is issuing R$1.1 billion ($211m) in debentures to finance transmission lines won in a 2022 auction in Brazil.
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Oil and gas company Petroquímica Comodoro Rivadavia (PCR) has signed a power purchase agreement (PPA) with BBVA in Argentina.
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Chile’s Ministry of Energy and Mines has signed a Memorandum of Understanding (MoU) with the Republic of Korea’s Energy Agency to cooperate on renewable energy.
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Spanish group Uriel Inversiones has received the regulatory greenlight for its Quinquimo solar project in Chile.
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Madrid-based Fotowatio Renewable Ventures (FRV) is planning to develop a standalone battery energy storage system (BESS) project in Chile.
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Brazilian sugar, ethanol and renewable power producer Grupo Zilor has requested financing from the International Finance Corporation (IFC) for the expansion of 1 of its plants.
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MPC Energy Solutions (MPCES) has reached financial close on a solar project the firm is developing in Guatemala.
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Argentine power generator Grupo Albanesi, through its subsidiaries Generación Mediterránea and Central Térmica Roca, is planning to issue bonds in the local market.
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Neoenergia is planning to invest more than R$2.1 billion ($407m) into transmission works between 2024 and 2027 in Brazil.
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Brazilian utility Alupar has signed a power purchase agreement to supply renewable energy to São Paulo-based real estate company JFL Living.
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Enel has concluded the sale of its distribution businesses in Peru to China Southern Power Grid International (CSGI).
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Innergex Renewable Energy has started commercial operations of its San Andrés battery energy storage project in Chile.
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Madrid-based Fotowatio Renewable Ventures (FRV) is planning to develop a 522MW solar project in Chile.
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Spain’s Acciona Energía is partnering with Dominican conglomerate Grupo País on a solar project in the Dominican Republic.
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Solar developer Delta Energia has raised R$250 million ($49m) in a CRI issuance to support the development of distributed generation solar assets in Brazil.
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Power generation company Pacific Hydro has renewed a power purchase agreement (PPA) with mining company Codelco.
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ISA CTEEP (Companhia de Transmissão de Energia Elétrica Paulista) is planning to issue R$1 billion ($198m) in debentures in Brazil.
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Spanish developer ID Energy Group is planning to develop a portfolio of small solar projects in Chile.
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AES has agreed to sell its Brazilian portfolio totalling 5.2GW of capacity to renewables developer Auren Energia.
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Brazil’s National Electric Energy Agency (Aneel) has approved the draft tender documents for the second transmission auction to be held this year (2024).
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Renewables developer Genneia has inked a power purchase agreement with PVC and polymers producer Grupo Princz-IPASA in Argentina.
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State-owned Eletrobras has signed a pair of memoranda of understanding (MoU) to support the development of green hydrogen in Brazil.
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Brazilian renewable developer 2W Ecobank is evaluating a proposal to sell a controlling stake in the company.
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Engie has requested permission to cease operations of its remaining coal-fired power plants in Chile.
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Brazilian utility Copel is planning to divest from a portfolio of small generation assets the company owns through its subsidiary Copel Geração e Transmissão.
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The National Energy Commission (CNE) has granted a permanent concession to phase 2 of the Montecristi solar project in the Dominican Republic.
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State-owned utility ENEE (Empresa Nacional de Energía Eléctrica) has launched an international auction for the construction of a $132.5 million transmission project in Honduras.
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Bitcoin mining company Genesis Digital Assets has signed a power purchase agreement with YPF Luz in Argentina.
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Renewable developer AXS Energia has landed financing for a portfolio of solar DG assets in Brazil from Corporación Interamericana para el Financiamiento de Infraestructura (Cifi).
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Mexico’s Comisión Federal de Electricidad (CFE) has secured a €150 million ($161m) line of credit for the implementation of a floating solar project.
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Renewable developer Recurrent Energy is planning to develop a 250MW solar project in Chile.
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State-owned oil and gas giant Petrobras has signed a memorandum of intent (MoI) with power generation company Karpowership to partner in the natural gas and power sectors.
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Telecom Argentina has signed 2 power purchase agreements (PPA) to supply its operations and Pacheco datacenter with renewable power.
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Brazil is already the leader in the energy transition. The country’s power matrix stands out in its composition with close to 90% coming from renewable sources including hydroelectricity. Yet, growth opportunities remain vast in the renewable sector and beyond. According to the Brazilian Association of Infrastructure and Base Industries (ABDIB), Brazil is looking to bridge a $50 billion a year gap in infrastructure investments.
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Renewables developer Auren Energia has raised R$400 million ($79m) to refinance assets in Brazil.
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Santiago-based renewable developer Biwo Renovables is adding a duo of standalone battery energy storage system (BESS) projects to its development pipeline in Chile.
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Renewable developer Grupo Río Alto Energias Renováveis has requested financing from the Northeast Development Fund (FDNE) for a solar complex in Brazil.
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Independent power producer Atlas Renewable Energy has hired Carlos Freitas as chief financial officer, based in Miami, US.
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Brazilian developer 2W Ecobank has reached financial close on phase 2 of its Kairos wind project located in the state of Ceará.
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AES Brasil has raised R$900 million ($176m) in debentures for projects belonging to the company’s Cajuína wind complex.
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Norwegian power company Statkraft will invest R$926 million ($178m) to transform 2 wind projects into hybrid complexes.
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Eletrobras has signed a memorandum of understanding (MoU) with the state of Maranhão for the development of green hydrogen.
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The National Energy Commission (CNE) has granted a permanent concession to Santa Clara Energy Group for a solar project in the Dominican Republic.
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Enel has confirmed Giuseppe Turchiarelli as chief executive for its Chilean operations, effective 1 May 2024.
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Green Energy Park has raised $30 million in series A funding that will help support the company’s Piauí green hydrogen project in Brazil.
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Petrobras has signed a memorandum of understanding (MoU) with the government of the state of Rio Grande do Norte in Brazil for offshore wind generation.
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Santiago-based developer Sagittar SpA is planning a 150MW solar project in Chile.
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Banco Votorantim (Banco BV) has requested a loan from the International Finance Corporation (IFC) to support on-lending for solar distributed generation in Brazil.
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Enel Brasil is planning to invest R$18 billion ($3.5 billion) for the period 2024-2026 in order to better its services in the country.
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YPF Energía Eléctrica (YPF Luz) is planning to develop the company’s fifth wind project in Argentina.
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Santiago-based Plus Energia SpA is planning to develop a $350 million battery energy storage system project in Chile.
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Solar developer Usinas Brasil Solar (BRS) and investment firm Grupo 4M are partnering on a portfolio of distributed solar assets.
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Naturgy’s subsidiary Global Power Generation (GPG) is planning a solar project in the region of Atacama in Chile.
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State-owned power and telecommunications provider Instituto Costarricense de Electricidad (ICE) has awarded 5 solar projects in Costa Rica.
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Chilean energy group Copec has agreed to acquire a 123MW solar project from Solarpack’s subsidiary Maria Elena.
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Norwegian renewable energy provider Scatec and energy company Statkraft have signed a power purchase agreement (PPA) for a solar plant in Brazil.
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Norwegian energy company Statkraft has received approval to move ahead and start construction of its Parina solar project in Chile.
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Brazil's state-owned oil and gas giant Petrobras is adding solar projects to 3 of the company’s refineries.
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Brazilian conglomerate Brasal is issuing R$170 million ($33 million) in debentures for a hydroelectric project in Brazil.
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H2 GreenMining is partnering with Ohmium International on the development of green hydrogen to decarbonise the mining sector in Chile.
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The Government of São Paulo has sold its shares in Empresa Metropolitana de Águas e Energia (Emae) placing the power company in private ownership.
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Italian sponsor Limes Renewable Energy is adding to its development pipeline in Chile with a solar-plus-storage project.
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Stellantis has agreed to buy into solar developer 360Energy in Argentina.
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Spanish developer Ecoener secured green financing for a solar project the company is developing in Guatemala.
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BP has made significant shifts in its leadership structure as its head of natural gas and low carbon energy, Anja-Isabel Dotzenrath, steps down.
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Power generation company Engie Energía Chile has issued $500 million in green bonds on international markets.
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Infinigen Renewables is partnering with FlexGen on a battery storage project in the Yabucoa municipality in Puerto Rico.
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Peru’s ProInversión has prequalified 5 bidders in an upcoming auction that will see the agency award 3 transmission projects.
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Octopus Energy has signed an agreement with Brazilian utility Grupo Energisa to support renewable generation development in the country.
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IDB Invest and the US International Development Finance Corporation (DFC) are partnering to finance projects across renewables and infrastructure sectors in Latin America.
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Brazilian power generator Eneva will issue R$2.5 billion ($475 million) in debentures to refinance assets.
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Santiago-based renewable developer Biwo Renovables is adding another standalone battery energy storage system (BESS) project to its development pipeline in Chile.
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YPF Luz, the power generation arm of oil and gas company YPF, has appointed Pedro Kearney as chief financing officer, based in Buenos Aires.
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US-based Recurrent Energy has secured R$343 million ($70 million) in non-recourse project financing for a solar project in Brazil.
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Engie Chile, a subsidiary of the French electric utility Engie, will install a standalone battery energy storage system (BESS) to replace the disconnected coal-fired and fuel oil-based units at the Tocopilla thermal power plant complex (CTT) in Antofagasta.
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Peru’s Ministry of Energy and Mines (MINEM) is readying 26 renewable energy projects to be built in the coming years.
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Denmark's Investment Fund for Developing Countries (IFU) is providing an additional €7 million ($7.6m) to the 94MW Ouro Branco and Quatro Ventos wind complex in Brazil, due to an expansion of the project and unexpected delays.
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The state of Ceará has signed a pre-contract with Voltalia do Brasil, a subsidiary of the French renewable power producer Voltalia, to implement a project to produce green hydrogen and ammonia at the state's Pecém industrial and port complex.
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Engie Energía Chile has commenced a cash tender offer for any outstanding 4.5% notes due in 2025, totalling $350 million.
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Colombian oil company Ecopetrol has made 3 changes to its senior management team.
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Brazil's Superintendency for the Development of the Northeast (Sudene) has approved a R$26.6 million ($5.3m) loan for the 212MWp Milagres solar project, developed by Lightsource BP.
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Lader Energy's Puertos de Santander solar park has obtained an environmental permit from Colombia's national authority of environmental licences (ANLA).
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The International Finance Corporation (IFC) has committed up to R$250 million ($49.4m) to a Brazilian fund financing the acquisition and installation of distributed solar generation assets.
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Brazil has introduced a bill to incentivize in the use of renewable energy by offering tax benefits on the investment in equipment for generating electrical energy from renewable sources.
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Eletrobras has approved its fifth issuance of non-convertible unsecured debentures, aiming to raise up to R$3.5 billion ($696.4m).
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Spanish infrastructure builder and operator Elecnor won approval to build a 284MW wind farm and associated infrastructure in the Chilean region of Los Lagos.
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Chinese multinational State Grid (SGCC) plans to invest R$200 billion ($39.4bn) in the Brazilian electricity sector following its victory in Brazil's largest power transmission auction.
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EDF Renewables Brasil and Serena Geração have completed the share swap of their stakes in the Pirapora Solar Complex and the Ventos da Bahia wind farm.
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French renewables company GreenYellow has secured financing of 172 billion pesos ($44.7m) with Banco de Bogotá for its 85MWp solar power generation portfolio in Colombia.
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Brazilian development bank BNDES and the French Development Agency (AFD) have signed an agreement to raise around R$1 billion ($200m) for green and sustainable infrastructure projects in the legal Amazon, North and Northeast regions of Brazil.
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Brazil’s National Electric Energy Agency (Aneel) has awarded projects in the first transmission auction of the year.
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Brazilian utility Cemig is selling its 45% share in power generation company Aliança Energia to mining company Vale, making Vale the sole owner of Aliança.
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Brazilian developer 2W Ecobank has secured long-term financing for the second phase of its Kairós wind complex located in the state of Ceará.
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Neoenergia has signed a memorandum of understanding (MoU) with the government of Rio de Janeiro to support the development of offshore wind projects.
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Brookfield-backed renewable developer IVI Energia has acquired a portfolio of distributed generation solar assets in Brazil.
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The National Energy Commission (CNE) has granted a permanent concession to Empresa Generadora de Electricidad Haina for a solar project in the Dominican Republic.
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Elawan Energy landed financing from the Northeast Development Fund (FDNE) for a wind project the company is developing in Brazil.
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Renewable developer EBCO Energia is planning to develop a $160 million project in Chile.
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Spanish developer Grenergy has completed the sale of wind assets in Peru to Engie Energía Perú.
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The European Investment Bank (EIB) has signed a $125 million loan to support transmission development in Ecuador.
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Equatorial Energia has completed the sale of its transmission business Integração Transmissora de Energia (Intesa) in Brazil.
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Green hydrogen promises to be a game changer in global energy transition with the possibility it presents in decarbonising industries. Latin America has positioned itself as a frontrunner in the emerging space with mega projects being lined up by developers across the continent.
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Latin American asset manager Patria Investments is launching an energy trading and commercialisation platform in Brazil.
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Spanish developer Solarpack has landed a $176.6 million senior financing package for the company’s San Martín solar plant in Peru.
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Atlas Renewable Energy signs a power purchase agreement (PPA) for a battery energy storage system (BESS) the company operates in Chile.
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Chilean developer Viento Verde is planning to expand an existing wind project that was approved in 2015.
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State-owned oil and gas giant Petrobras has signed a memorandum of understanding (MoU) with Mistui & Co to explore low-carbon solutions in Brazil.
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New Fortress Energy (NFE) has completed the acquisition and transfer of a 1.6GW capacity reserve contract from Ceiba Energy, a company of Denham Capital.
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IDB Invest has issued 2 sustainable bonds in local currency to support renewable energy and infrastructure projects in Latin America.
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Renewable developer Genneia has inked a power purchase agreement (PPA) with Shell in Argentina.
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Santiago-based renewable developer Biwo Renovables is planning a standalone battery energy storage system (BESS) project in Chile.
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Renewable developer Serena Energia (formerly Omega Energia) is planning a secondary share offering in Brazil.
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New Fortress Energy has sold a pair of emergency gas-fired power plants the company built last year on behalf of US Army Corps of Engineers.
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Baker Botts has hired a partner to join its energy, projects, and transactions practice of the firm’s global projects department.
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The energy transition encompasses an array of technologies that will need to be developed and scaled. This includes carbon capture and sequestration (CCS), green hydrogen and its derivatives, SAF, and more. Getting projects to bankability in Latin America has been a challenge however as offtake demand is just to appear at a scale for developers to land the the capital needed to deploy their technologies, according to panelists at IJLatam 2024 in Miami.
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French energy company Engie has received the approval to move ahead and start construction of its Pemuco wind project in Chile.
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Power producer SCC Power has completed the expansion and conversion to combined cycle of the San Pedro power plant in Buenos Aires province.
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Sempra Infrastructure has reached a final investment decision (FID) for the $550 million Cimarron wind project the company is developing in Baja California, Mexico.
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Brazilian utility Cemig has signed a power purchase agreement (PPA) under a self-production model to supply wholesale company Mart Minas.
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Spanish renewable developer Solarpack has appointed José Luis García Pérez as chief executive for Latin America, based in Santiago, Chile.
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Enel Americas and Enel Perú have landed approval for the $1.4 billion sale of their Peruvian generation assets to Actis-owned Niagara Energy.
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Inter-American Development Bank's (IDB) has made a $400 million dollar loan for the development of the green hydrogen and derivative projects in Chile.
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Eletrobras and engineering and industrial manufacturing group Paul Wurth have signed a memorandum of understanding (MoU) to develop green hydrogen in Brazil.
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In little under a year Iberdrola closed the government-backed Mexico Infrastructure Partners’ (MIP) $6.2 billion acquisition of a majority stake in the Spanish company’s Mexican portfolio, ending years on tension between Iberdrola and the government.
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Renewable M&A activity in Latin America has slowed down in the last year, a phenomenon not endemic to the region with lower anticipated returns, high interest rates, and other factors including low energy prices hindering the space across jurisdictions.
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Financing greenfield projects across Latin America had been tough over the past few years as inflation and high interest rates continued challenge the region’s renewable energy sector.
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Brazilian project financing is rebounding with capital markets registering a record high of issuances again this year. Yet, large-scale projects are having difficulties accessing foreign capital in Brazil, a local currency market, panelists at IJLatam 2024 in Miami said.
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The Development Bank of Latin America and the Caribbean (CAF) has obtained a $100 million credit line extension co-financed by the Japan Bank for International Cooperation (JBIC).
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Delays on the development and licensing of transmission projects across Latin America is driving away investor interest, panelists at IJLatam 2024 in Miami said.
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Celsia Panama, an Argos group energy business, entered an agreement with Chevron of Panama to install and operate a 4.03MW solar plant to power the Bahía Las Minas, Colón fuel terminal.
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The Dominican Republic municipal organisation Grupo Puntacana and Caribbean-based developer Eurelius have signed an agreement to develop a large-scale solar project in Punta Cana, which will provide power for at least 50% of the city.
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Already one of the cleanest energy mixes in the world, Latin American policy makers continue to push for ambitious net-zero targets. Renewables already generate 60% of the region’s electricity, twice the global average, with no shortage of sponsors looking to take advantage of some of the globe’s best renewables resources.
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Miami-based financial advisory firm Atlantico Capital Partners has hired Juan Francisco Toro as managing director and Juan Pablo Hernández as vice president of its Mexico City office.
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Engie Brazil Energia has acquired 5 Atlas Renewable Energy solar projects in Brazil, totalling 545MW of installed capacity, for R$3.24 billion ($643 million).
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Brazilian development bank BNDES and the Asian Infrastructure Bank (AIIB) have signed an MoU to deepen cooperation on providing sustainable finance in Brazil.
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Mining company SolGold has signed a memorandum of understanding (MoU) with renewables developers to construct a 200MW hydro-solar project to power its Cascabel Project in Northern Ecuador.
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Canadian power producer Northland Power has agreed to sell its La Lucha solar project in Mexico to Saavi Energía subsidiary Cometa Energía.
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Renewable energy company Ormat Technologies has inked a geothermal power purchase agreement (PPA) in Guadeloupe.
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Renewables developer Genneia is planning to issue green bonds for a duo of solar and wind projects in Argentina.
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Peruvian investment promotion agency ProInversión has called a tender for 3 transmission projects valued at a total of $100.8 million.
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Mining company Codelco has awarded several long-term power purchase agreements (PPA) in Chile.
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Mammoth Energy Services has received $50.6 million from the Puerto Rico Electric Power Authority (PREPA) clearing the company's debt to the SPCP Group.
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Enel Chile has appointed Giuseppe Turchiarelli as interim chief executive following the resignation of Fabrizio Barderi, effective 1 March 2024.
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New Fortress Energy (NFE) has inaugurated its Barcarena LNG terminal – part of a thermoelectric complex project in Barcarena, Pará state.
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Renewables developer Helexia – a subsidiary of France’s Voltalia – is closing a short-term financing for 27 distributed generation solar plants in Brazil on Thursday (29 February 2024).
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Renewables developer Casa dos Ventos has contracted an offtaker for the operational Rio do Vento wind complex in Brazil.
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Renewables developer Recurrent Energy has closed a $51 million non-recourse financing for a solar project the company owns in Mexico.
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The government of Mexico and Iberdrola have formally closed government-backed Mexico Infrastructure Partners’ (MIP) $6.2 billion acquisition of a majority stake in the Spanish company’s Mexican portfolio.
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Colombia power company Celsia is considering selling a duo of wind projects located in the department La Guajira, Colombia.
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Chilean sponsor MAE Energy is planning to develop a $2.5 billion green hydrogen and ammonia production plant in Chile.
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Renewable developer Atiaia Renováveis has signed a contract to supply pharmaceutical company Aché Laboratórios with solar power in Brazil.
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The power generation arm of YPF, YPF Luz, is planning to issue up to $60 million in bonds in Argentina.
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The Federal Economic Competition Commission (Cofece) has conditionally approved the acquisition of a majority stake in Iberdrola's Mexican portfolio by government-backed Mexico Infrastructure Partners (MIP).
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Darby International Capital has landed a more than $100 million commitment from several development banks for its DIC Latin American Fund IV (Darby IV).
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Actis has today (21 February) launched a Brazilian transmission platform with the acquisition of an operational transmission asset.
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Renewable developer Verano Energy is planning to develop a 140MW solar project in Chile.
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Argentine power generator MSU Energy has signed a power purchase agreement (PPA) to supply solar power to Volkswagen.
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Brazil’s National Electric Energy Agency (Aneel) is preparing its second transmission auction to be held this year (2024).
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Renewables developer Verano Energy is planning to develop a $380 million solar project in Chile.
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Argentine renewable developer Genneia has inked a renewables power purchase agreement (PPA) with agribusiness company Bunge.
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Brazilian developer Faro Energy has raised R$320 million ($64.4 million) in bonds for distributed solar generation projects in Brazil.
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Cemig-D, the Brazilian utility’s distribution business, is planning to issue R$2 billion ($402 million) in bonds on 15 February 2024.
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MPC Energy Solutions (MPCES) is set to reach financial close (FC) on a solar project the firm is developing in Guatemala in early March.
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ISA CTEEP has committed to invest a total of R$5 billion ($1 billion) in Brazilian transmission by 2029.
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Italy’s Enel Green Power has started commercial operations of its La Loma solar project in Colombia.
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Spanish developer Solarig is planning a $45 million solar-plus-storage asset in the region of Valparaíso, Chile.
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Exus Management Partners and Glencore are teaming up to develop renewable projects through their joint venture GenuX in Mexico and Colombia.
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IDB Invest will provide UK-based Atome Energy with a $125 million loan to develop a green hydrogen project in Villeta, Paraguay.
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Spanish construction group Grupo ACS, through its subsidiary Dragados, has landed financing for 3 transmission lines in Peru.
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Jamaica Public Service Company (JPS) has landed a $100 million financing package from development finance institution IDB Invest.
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EDP Brasil is extending its existing power purchase agreement (PPA) with Banco do Brasil for an additional 5 years after winning the contract in a December 2023 auction.
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Enel has landed conditional approval for the sale of its distribution businesses in Peru to China Southern Power Grid International (CSGI).
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Renewable energy technology company Heliogen has entered the renewables market in Mexico with the development of a concentrating solar power (CSP) project to be sited in Sonora.
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Argentine power generator Albanesi Energía is planning to issue bonds in the local market, scheduled for 14 February 2024.
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Santiago-based renewables developer Eactiva is planning to develop a pair of solar-plus-storage projects in Chile.
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Peru’s investment promotion agency ProInversión is launching a tender for 4 transmission P3 projects, totalling $137 million in investments.
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Brazilian energy and sugar company Raizen has signed a memorandum of understanding (MoU) with e-mobility company BYD.
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Serena - formerly Omega Energia - has received financing from Sudene’s Northeast Development Fund (FDNE) for its Assuruá 5 wind project in Brazil.
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Water treatment company GS Inima has entered the renewable energy market in Chile following the acquisition of a solar project.
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Energía de Colombia SAS ESP has requested a loan from IDB Invest for a transmission project the company is refinancing in Colombia.
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UK-based Cubico Sustainable Investments has added 1.6GW to its renewables development portfolio in Mexico through the acquisition of Renantis Mexico and the signing of a strategic agreement with Grupo Sowitec.
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Chilean utility Colbún has secured approval to move ahead and start construction of its Celda Solar project in the region of Arica y Parinacota, Chile.
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Chilean utility Colbún has inked a power purchase agreement (PPA) with mining company Antofagasta Minerals’s subsidiary Minera Centinela.
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Spanish renewable developer Grenergy is offloading 174MW of wind and solar assets the company owns in Peru.
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Chile’s National Electric Coordinator (CEN) has released its 2024 plan to expand the transmission system in the country.
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Chilean developer Celtic Solar Group is planning to develop a second solar project in the region of Antofagasta for Greek metals and energy company Mytilineos.
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Enel Chile’s chief executive officer Fabrizio Barderi has resigned from his position, officially leaving the company on 29 February 2024.
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Potengi Holdings, a joint venture between AES Brasil and food processing company BRF, is planning to issue bonds for wind projects in Brazil.
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German energy giant RWE is planning to develop a 257MW solar project in Chile.
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Chile’s national oil company ENAP has signed a memorandum of understanding (MoU) with TEG Chile for the development of green hydrogen in Chile.
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Spanish renewable developer Grenergy has signed a hybrid power purchase agreement (PPA) for its Oasis storage project in Chile.
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Actis-backed power generation company Valia Energía has issued $530 million in project bonds in Mexico.
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Chilean utility Colbún is planning to add a 360MW wind project to its development pipeline in Chile.
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MPC Caribbean Clean Energy Fund has reached financial close on the Monte Plata solar project the fund owns in the Dominican Republic.
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Power company Grupo Energisa has launched a R$2 billion ($405 million) share offering in Brazil.
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Solar company Verano Energy has submitted an environmental impact assessment (EIA) for a hydrogen and green ammonia project in the Arequipa region in southern Peru.
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Renewable developer Atlas Renewable Energy has appointed Iván Jara Carrasco chief operating officer (COO).
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Chile’s Inversiones Latin America Power (ILAP) has successfully completed its Chapter 11 restructuring process.
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Power company Grupo Energisa is preparing a potential R$2 billion ($405 million) share offering in Brazil.
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EnfraGen’s Chilean subsidiary Prime Energía is planning a solar-plus-storage project in the region of Valparaíso, Chile.
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Chilean utility Colbún has inked a power purchase agreement (PPA) with port terminal Puerto Angamos and subsidiary Terminal Graneles Norte (TGN) located in the Antofagasta region.
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The Government of Ceará has signed a memorandum of understanding (MoU) with oil and gas giant BP to support the development of green hydrogen in the state.
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The renewable energy sector in Chile continued to feel market disruptions in 2023 forcing many financial reorganizations and restructurings throughout the year.
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Distributed generation (DG) has grown exponentially in the past few years in Brazil and 2023 saw many players entering at every level of the market, while existing ones consolidated their pipelines.
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Argentine renewables developer Hychico has submitted a wind project for environmental review in Chile.
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Renewable developer EnfraGen has established its regional headquarters for Central America in Panama City, Panama.
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Casa dos Ventos and ArcelorMittal have landed financing from development bank BNDES for a wind complex they are co-developing in Brazil.
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Atlas Renewable Energy has signed a self-production power purchase agreement (PPA) with cement company Votorantim Cimentos in Brazil.
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Colombian oil and gas company Ecopetrol has raised $1.85 billion in bonds that will be used to mainly refinance existing notes.
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Chilean utility Colbún has inked a power purchase agreement (PPA) with commercial real estate company Grupo Marina.
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Santiago-based developer Verano Energy has sold a greenfield solar project in Argentina to an undisclosed large local buyer.
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Cubico Sustainable Investments has hired Ramon Salcedo as head of origination and execution for Latin America, based in Mexico City.
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Renewables company BayWa r.e. has appointed the former executive vice president of Soligent, Ken Lima, as its new chief executive officer of the company's US solar distribution business.
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Greek metals and energy company Mytilineos has reached financial close for a 588MW portfolio of assets in Chile.
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Brazilian renewable developer Echoenergia has appointed Liu Aquino as chief executive, based in Sao Paulo.
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Santiago-based developer Andes Solar is planning a 234MW solar-plus-storage project in Chile.
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Hydrogène de France (HDF) and Rubis have requested a loan from IDB Invest for a green hydrogen project the pair is developing in Barbados.
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Investment firm Fibra Orión has acquired a wind project located in Mexico, marking the firm’s first energy investment.
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I Squared Capital has agreed to acquire 49% of distributed generation company Órigo Energia in Brazil.
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Brookfield-backed renewables developer Elera Renováveis is expanding its Janaúba solar complex in Brazil.
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Miami-based Atlas Renewable Energy is adding a wind project to its renewable development pipeline in Chile.
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Pan American Energy (PAE) has secured a R$1.1 billion ($224 million) long-term debt package for the company’s Novo Horizonte wind complex in Brazil.
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The government of Mexico will order state-owned oil firm Pemex to take over a hydrogen plant at its Tula refinery currently operated by French gas company Air Liquide.
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Australian renewable energy generator Pacific Hydro is planning to develop a solar project in Chile.
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Brazil’s Eletrobras has closed the sale of the last coal-fired power plant the company owns in the country.
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India’s Sterlite Power has landed financing from Sudene’s Northeast Development Fund (FDNE) for a transmission project in Brazil.
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New Fortress Energy (NFE) has entered a definitive agreement to acquire a 1.6GW capacity reserve contract — PortoCem PPA — from Denham Capital-backed Ceiba Energy.
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Spanish renewable developer Solarpack and French asset manager Ardian have split their renewable joint venture (JV) of solar portfolios in Chile and Peru.
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Eneva has landed more than R$1 billion ($206 million) in financing for a gas-fired power plant the company is developing in Brazil.
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Global Infrastructure Partners (GIP) has agreed to expand its partnership with AES Andes, growing their shared portfolio from 730MW to more than 1,400MW in Chile.
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Spain’s Acciona Energia has landed a loan for the company Cotoperí solar complex in the Dominican Republic.
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Renewable developer Auren Energia landed financing from the Northeast Development Fund (FDNE) for a solar project the company is developing in Brazil.
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Chilean renewable developer Susterra is planning a green hydrogen project to support the decarbonization of the mining sector in Chile.
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Spanish independent power producer Ecoener has signed power purchase agreements with the government of Ecuador, marking the firm’s entry into the Ecuadorian market.
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Norwegian energy company Statkraft is expanding its pipeline with two solar-plus-storage projects to be sited by wind complexes the company is building in Brazil.
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Australian mining firm Allkem has secured a long-term financing package of up to $50 million from IDB Invest to develop its greenfield Sal de Vida lithium project located in the province of Catamarca.
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Electricity distributor and hydro developer Luz del Sur has agreed to acquire a pair of operational wind projects in Peru.
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Spain’s Grenergy and Germany’s Energy Kitchen are growing their renewable capacity in Chile by adding solar and wind projects to their respective pipelines.
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Ardian has acquired full ownership of the Peruvian subsidiary of Latin America Power from funds managed by BTG Pactual, Patria Investments and GMR Holding.
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Brazilian utility Copel and Petrobras have agreed to sell the Araucária gas-fired power plant they co-owned in Brazil.
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Brazil’s National Electric Energy Agency (Aneel) has awarded projects in the second transmission auction of the year.
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HIF Global is seeking environmental approval for the Faro del Sur wind project again having previously withdrawn its initial submission.
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IDB Invest has agreed to provide long-term financing to Air-e to support the company’s distribution services in Colombia.
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French renewable developer Voltalia has agreed to sell a wind site in its Serra Branca complex in Brazil to Japanese conglomerate TODA.
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YPF Luz has signed a power purchase agreement (PPA) to supply renewable energy from its latest wind project in Argentina.
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Canadian investment manager Brookfield is investing R$1.2 billion ($242 million) into solar distributed generation in Brazil.
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Zuma Energia has completed the acquisition of a majority stake in Jaguar Solar from InfraRed and INVEX Infraestructura (INVEX).
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IDB Invest is preparing an up to $333.5 million debt package to support YPF Luz’s renewable expansion in Argentina.
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Chile’s national oil company ENAP has signed a memorandum of understanding (MoU) with HIF Global for the commercialization of biofuels in Chile.
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Renewable energy company Ormat Technologies has entered a 25-year power purchase agreement (PPA) with Dominica Electricity Services to develop a 10MW binary geothermal power plant.
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Brazilian utility Alupar won a transmission project in an auction launched in August by Colombia's Mines and Energy Planning Unit (UPME).
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Transition Industries has signed a joint project development agreement (JPDA) with the IFC to develop a methanol production plant in Mexico.
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Spanish developer Enerfin has landed a R$114 million ($23.2 million) loan from Sudene through its Northeast Development Fund (FDNE) for a solar project.
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Brazilian development bank BNDES has signed an agreement with the New Development Bank (NDB) , formerly the BRICS Development Bank, that will see the pair invest $1.7 billion into the nation's energy transition.
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Brazilian development bank BNDES has agreed to two loans to finance biogas assets located in the state of Sao Paulo in Brazil.
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Norwegian energy company Statkraft is planning to develop a hybrid solar and wind project, adding 440MW to its renewable pipeline in Chile.
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Denmark’s Copenhagen Infrastructure Partners (CIP) will invest $10 billion into a green hydrogen project in Mexico.
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Brazilian oil and gas giant Petrobras has signed a preliminary agreement with the state government of Rio de Janeiro for the development of a carbon capture hub.
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London-based electricity generation company ContourGlobal has agreed to offload a portfolio of wind farms in Brazil.
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Renewable power producer Qair has received a loan from Sudene’s Northeast Development Fund (FNDE) for two solar projects in Brazil.
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The Inter-American Development Bank (IDB) has launched IDB Clima, a financial initiative to support successful green initiatives across Latin America.
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Brazilian development bank BNDES has signed a memorandum of understanding (MoU) with the World Bank to support low-carbon hydrogen initiatives in Brazil.
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Chile’s Inversiones Latin America Power (ILAP) filed for Chapter 11 in the Southern District of New York on November 30 2023 in a voluntary restructuring process.
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Enel is planning to invest $5.7 billion across its core markets in Latin America for the period 2024-2026.
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Spanish law firm Cuatrecasas has hired Michel Diban to join its M&A and corporate practice in the Santiago, Chile office.
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AES Andes has secured environmental approval to move forward with its project to repurpose a coal-fired facility for energy storage in Chile.
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Atlas Renewable Energy has landed a $448 million (R$2.18 billion) financing from development bank BNDES for a solar complex in Brazil.
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French renewables developer CVE is adding a small-scale solar project to its pipeline in Chile.
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Enel has appointed Antônio Scala as chief executive of the Brazilian branch, based in São Paulo, Brazil.
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AES Dominicana Renewable Energy (ADRE) has secured a $368 million financial package to for the DBFOM of 3 renewable energy projects and to refinance short-term debts.
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Brazilian development bank BNDES has approved a R$157 million ($32m) loan package to Bioo Holding for the development of a biomethane plant in Triunfo, Rio Grande do Sul state.
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Colbún has inked power purchase agreements (PPAs) with water treatment company Aguas Pacífico in Chile.
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Spanish company Jepri Group signed a Memorandum of Understanding (MoU) with the Government of Ceará for a €3.3 billion green hydrogen plant in the Brazilian state.
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Enel Americas and Enel Perú have signed an agreement with Actis-owned Niagara Energy to sell their Peruvian power generation businesses.
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Recurrent Energy has secured a R$490 million ($100 million) financing for a 300MW solar asset the company is developing in Brazil.
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Brazil’s National Electric Energy Agency (Aneel) has approved the draft tender documents for the first transmission auction to be held in 2024.
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Spanish developer Grenergy is planning to invest €2.6 billion ($2.8 billion) until 2026 into renewables, particularly storage, across Latin America, the US and Europe.
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Santiago-based renewable developer Blue Light Energy has started the permitting process for a solar-plus-storage asset in Chile.
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Mainstream Renewable Power has completed the restructuring of its Chilean subsidiaries, Condor Energía and Huemul Energía following a months-long process.
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Innergex has taken complete control of the Pampa Elvira Solar thermal project, following an acquisition from IFU on Friday (17 November).
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Spanish developer Grenergy has signed the company’s first 'non-solar-hours' power purchase agreement (PPA) to supply the Chilean company EMOAC.
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Chilean renewables developer Eactiva is planning to develop a duo of solar projects, adding 28MW to its development pipeline.
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Colombian infrastructure company Interconexión Eléctrica SA (ISA) has secured an up to COP$500 million ($124 million) loan.
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EnfraGen has completed the acquisition of six renewable projects in Central America, with a combined capacity of 188MW, from Celsia.
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The Saudi Fund for Development (SFD) has signed a memorandum of understanding (MoU) with the government of Saint Kitts and Nevis for the financing of a power plant on the islands.
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