Latin America & the Caribbean
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Mexico’s renewables market had been described by some industry professionals as at “rock bottom” but with a change at the political top the market is bracing for a rebound.
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Peru’s ProInversión has prequalified 3 bidders in an upcoming auction that will see the agency award 5 transmission projects totalling $441 million.
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Renewables developer Sphera Energy is planning to develop a pair of standalone battery energy storage projects in Chile.
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Generac Power Systems has been awarded a grant of up to $200 million from the US Department of Energy for residential solar and battery storage systems in Puerto Rico.
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Herbert Longoni, former director at Crédit Agricole CIB, has joined BBVA as the executive director of project finance for the US and Canada.
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The US Department of Energy’s Loan Programs Office (LPO) has agreed to a loan guarantee of up to $861.3 million to finance solar and storage projects in Puerto Rico.
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Renewable developer RZK Energia has raised R$165 million ($30m) in debentures for a portfolio of distributed solar generation projects in Brazil.
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Fortescue is moving forward with its $6 billion green hydrogen plant in Brazil as the company’s board of directors made an early investment decision.
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Atiaia Renováveis is planning to issue R$215 million ($39m) in debentures for a hydroelectric project the company is developing in Brazil.
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Orizon has signed a sale and purchase agreement with Edge Comercialização for the supply of biomethane in Brazil.
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Brazilian power generator Eneva has agreed to acquire a portfolio of thermal power plants from BTG Pactual.
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Copec and Transelec have signed an agreement to partner on the implementation of a battery energy storage system in Chile.
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The Superintendency for the Development of the Northeast (Sudene) has provided financing for 4 renewables projects in Brazil.
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YPF Energía Eléctrica (YPF Luz) is planning to develop a solar project in Argentina, the company’s second project in the country.
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Mining company Codelco has launched a renewables power procurement process in Chile.
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AES Andes is adding a 764MW solar-plus-storage project to its development pipeline in Chile.
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Oil and gas company Acelen is partnering with investment manager Perfin Infra and Illian Energias Renováveis on a solar project in Brazil.
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Renewables developer Auren Energia has concluded its acquisition of energy trading company Esfera Energia.
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Renewables developer Helexia has raised R$240 million ($44m) in debentures for distributed solar generation in Brazil.
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The state of Bahia has signed a memorandum of understanding (MoU) with German company Si&Mex Solutions for the implementation of a $2 billion solar panel manufacturing facility in the state.
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Brookfield-backed renewable developer Elera Renováveis has signed a solar power purchase agreement with Brazilian water sanitation company BRK Ambiental.
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Grenergy has reached financial close for the first 2 phases of its Oasis de Atacama solar-plus-storage project in Chile.
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Aslan Energy Capital has signed a memorandum of understanding (MoU) for the acquisition of land in Mexico for the development of a mammoth ammonia project.
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CDPQ, through its power transmission platform Verene Energia, has agreed to acquire a 124km transmission project from Equatorial Energia.
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Chile’s Ministry of National Assets has awarded public lands to 6 battery energy storage system projects totalling more than 11GWh of capacity.
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Power generation company Celepsa has landed a $100 million sustainability-linked loan to support the development of renewable energy in Peru.
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South African developer Phelan Green Energy is planning to develop a $2.3 billion green hydrogen project in Peru.
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AES Andes is planning to develop a $635 million solar-plus-storage project in Chile.
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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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Swiss fund manager SUSI Partners is expanding the company’s partnership with Chilean developer BIWO Renovables adding two projects to their shared portfolio.
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Chilean utility Colbún is partnering with UK cleantech firm RheEnergise to develop an energy storage facility.
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Online retail giant Amazon is expanding the company’s renewable energy portfolio with the company's first wind project in South America.
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Energyquil has signed a concession agreement for the installation, operation and maintenance of a gas-fired power plant in Ecuador.
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Austin, Texas-based developer Cielo Wind has landed approval for a wind project the company is working on in Chile.
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Renewables developer Genneia is issuing a $15 million green bond, with a capacity to grow to $30 million, for a pair of solar and wind projects in Argentina.
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Colombian energy company Grupo Energía Bogotá (GEB) has issued a $400 million green bond, the first such bond issued by a Colombian company on the international market.
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Argentina’s Secretariat of Energy is seeking expressions of interest to develop energy storage system projects in the country.
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Sunnova Energy has secured a $244 million securitization for its Hestia I solar project, which includes the development of 587MW of distributed generation energy resources (DERs) and associated software in Puerto Rico.
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French energy company Engie is issuing R$2.5 billion ($507 million) in debentures to refinance assets in Brazil.
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Renewable natural gas and biofuel producer São Martinho has signed an agreement to sell its biomethane to Compass Comercialização in Brazil.
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Sunnova Energy International is expanding its virtual power plant (VPP) platform to Puerto Rico, as well as installing more rooftop solar and batteries, after receiving funding from the Department of Energy (DOE)'s DOE Grid Deployment Office.
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Investment firm Denham Capital is launching a renewable energy platform following the sale of the firm’s Rio Energy assets to Equinor.
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Electricity utility Eletrobras and Brazilian development bank BNDES have agreed on a restructuring of the debts of hydro firm Santo Antônio Energia (SAESA) – an indirect subsidiary of Eletrobras.
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New Fortress Energy has secured financing for its 630MW Barcarena power plant in Brazil.
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Brazilian developer Órigo Energia has landed financing for a portfolio of small distributed solar generation assets.
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Norway’s Equinor has concluded the acquisition of renewables company Rio Energy from investment firm Denham Capital in Brazil.
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Brazilian power generator Eneva has received financing for one of its Parnaíba gas-fired power plants located in the state of Maranhão.
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Altius Renewable Royalties Corporation (ARR)'s co-owned subsidiary, Great Bay Renewables, has secured a $274 million senior credit financing. ARR owns Great Bay with funds managed by affiliates of Apollo Global Management.
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Chilean sponsor Blue Light Energy is planning a solar-plus-storage project in the region of Los Lagos, Chile.
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French bank Crédit Agricole has promoted one of its managing directors to the position of head of project finance for Latin America.
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EDP Brasil has agreed to offload a duo of operational transmission projects to Edify Empreendimentos e Participações.
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Brazil’s Equatorial Energia is parting ways with its transmission business Integração Transmissora de Energia (Intesa).
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France's Engie has signed an agreement that will see the energy company acquire four wind projects in Peru.
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Spanish developer Opdenergy has inked a long-term power purchase agreement for a solar project in Chile.
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Spanish developer Grenergy has appointed Fabian Videla as chief financial officer for the Americas based in Santiago, Chile.
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French power generator Engie has agreed to acquire all the shares in a portfolio of solar assets totaling close to 550MW in Brazil.
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Peru’s investment promotion agency ProInversión has awarded a duo of transmission projects totaling $800 million in investments.
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EDP and ArcelorMittal have signed a memorandum of understanding (MoU) that will see the two cooperate on the development of green hydrogen in Brazil.
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IDB Invest has proposed a $50 million loan to develop a solar energy project in the Dominican Republic.
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Chilean developer Sphera Energy is planning to develop a utility-scale solar project in the region of Ñuble, Chile.
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French construction company Vinci has won two contracts to carry out engineering, procurement, and construction (EPC) services for transmission projects in Brazil.
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French developer Engie has secured approval to move ahead with its Libelula solar project in Chile.
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Enel has concluded the sale of a solar subsidiary in Chile to UK-based energy producer Sonnedix.
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French developer Voltalia has started commercial operations of its Canudos 1 and 2 wind farms in Brazil.
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French renewable developer CVE is expanding the company’s Chilean pipeline with a duo of solar projects.
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Eneva has signed an agreement with steel products manufacturer Vallourec for solar output in Brazil.
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German developer Soventix is planning a utility-scale project in the metropolitan region of Santiago, Chile.
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Central Puerto has acquired a solar project in Argentina, adding 117MW of solar capacity to the company’s renewable portfolio.
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Brazilian power company Energisa is issuing bonds for up to R$1.837 billion ($364 million) to finance energy infrastructure projects across Brazil.
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Oil and gas company Petroquímica Comodoro Rivadavia (PCR) has brought online a trio of wind farms in Argentina.
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Australia’s Fortescue has secured rights to develop a wind farm in the Rio Negro province of Argentina.
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French solar developer GreenYellow is partnering with Exata Energia to develop distributed generation assets in Brazil.
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Argentina’s Ministry of Energy and the Bank of the Argentine Nation (BNA) have finalized a line of credit for the implementation of distributed generation of renewable energy.
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Vector Renewables has agreed to take over the management of assets of OBTON’s first photovoltaic solar plants in Chile.
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Green Energy Park and the State of Piauí, Brazil, have signed a Letter of Intent for the production and export of an initial one million tons of ammonia from renewable energy sources.
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Mexican solar distributed generation developer Energía Real has landed financing from Banco Sabadell.
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Enel Americas is looking to sell its Peruvian power generation businesses, Enel Generación Perú, Enel Generación Piura and Compañía Energética Veracruz.
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Renewables developer oEnergy is planning a $60 million project that will see that company add a solar-plus-storage facility to its Chilean portfolio.
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Companhia Energética de Minas Gerais (Cemig) has concluded the sale of its shares in a hydroelectric power plant in Brazil.
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France’s Engie and Spain’s Opdenergy are planning to develop wind and solar projects in Chile.
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French renewable company Voltalia has agreed to sell a 420MW solar project in Brazil to Newave Energia for an undisclosed amount.
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E-fuel producer HIF Global is planning a $830 million large-scale e-fuel project in Chile.
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Power producer MSU Energy is issuing green bonds for a 137MW portfolio of solar projects the company is developing in Argentina.
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EDF Renewables has pulled the plug on the development of a 50MW solar project in Colombia, due to delays in permitting and environmental licenses from local entities.
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French utility EDF Renewables is planning a 144MW wind project in the region of Bío Bío in Chile.
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Brazil’s Petrobras and mining company Vale are partnering to develop low-carbon solutions including sustainable fuel opportunities.
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Renewable energy company BayWa r.e., through its subsidiary BayWa r.e. Solar Trade, has opened a solar distribution center in Medellín, Colombia.
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Neoenergia has completed the sale a 50% stake in the company’s transmission assets to a fund of Singaporean institutional investor GIC.
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AES Brasil has started commercial operations of its Tucano wind farm located in the state of Bahia.
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Peru’s investment promotion agency ProInversión is planning to award a duo of transmission projects totaling $800 million in investments on October 27, 2023.
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Brazilian renewables developer Omega Energia has signed a bidding share exchange agreement with EDF Renewables to swap stakes in renewable assets they co-own.
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The Asian Infrastructure Investment Bank (AIIB) has agreed to finance a wind project in the province of Tierra del Fuego, Argentina.
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New Fortress Energy (NFE) has placed a 200MW+ power plant into service in San Juan, Puerto Rico, following the 150MW facility that became operational in June (2023).
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Colombian power producer Isagen has landed financing to support the development of the company’s Sabanalarga solar project.
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Atlas Renewable Energy has brought online its Lar do Sol and Casablanca solar projects, adding 600MW to the Brazilian grid.
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YPF and renewable subsidiary YPF Luz have signed a memorandum of understanding (MoU) with Korean steel producer Posco for green hydrogen developments in Argentina.
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Power producer MSU Energy has signed a power purchase agreement to supply chemical manufacturer Dow in Argentina.
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Neoenergia, the Brazilian energy distributor owned by Iberdrola, has entered a joint venture with renewables company Comerc Energia to develop distributed generation in Brazil.
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Infrastructure investment manager SUSI Partners has landed financing for a 107MW portfolio of solar assets in Chile.
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Engie Energía Chile has received the greenlight to proceed with a $645 million wind and storage project in Chile.
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AES Corporation has agreed to sell minority stakes in its Dominican and Panamanian businesses, adding a new partner in the company’s shareholders.
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Spain’s Uriel Renovables is planning a 100MW asset to be constructed in the region of Valparaíso in Chile.
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Cubico Sustainable Investments has acquired a trio of operational renewable projects totaling 121MW in Uruguay.
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Renewables developer Casa dos Ventos has received financing for a pair of wind farms the company operates in Brazil.
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Atlas Renewable Energy has promoted Luis Pita as chief commercial officer, based out of Miami.
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EDP, through its subsidiary EDP Brasil, has signed a sale and purchase agreement to sell a coal-fired power plant in Brazil.
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Energy Head is planning to develop a solar-plus-storage facility in the region of Valparaíso, Chile.
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Inverter and energy storage supplier Sungrow has signed a contract with investment fund WEG-4 to supply a liquid cooled energy storage system (ESS) solution.
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Spanish renewables developer Ecoener has started commercial operations of two solar projects in the Dominican Republic.
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Finnish investor Korkia is partnering with Chilean developer Ciudad Luz to develop renewable projects in Chile.
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A pair of Spanish sponsors are expanding their renewable operations in Chile, adding solar projects to their respective pipelines in Chile.
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Casa dos Ventos Holding, Petrobras and TotalEnergies have signed a memorandum of understanding (MoU) that will see the trio collaborate on renewables in Brazil.
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The Development Bank of Latin America (CAF) has approved $850 million in loans to Panama and Brazil to support the energy transition in both countries.
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Petrobras is planning to develop 23GW of offshore wind projects along the Brazilian coastline.
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Brazilian utility Companhia Energética de Minas Gerais (Cemig) is parting with a portfolio of small hydro assets, offloading them to Mang Participações e Agropecuária.
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Colbún has inked a power purchase agreement (PPA) with a mining company in Chile.
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UK-based energy producer Sonnedix is planning a wind project in the region of Coquimbo, Chile.
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Ocean Winds has signed a memorandum of understanding (MoU) with transportation and energy conglomerate Prumo Logística to collaborate on offshore wind generation in Brazil.
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Quintero GNL has submitted for review on its Green Hydrogen Bahía Quintero project the company is planning in Chile. The sponsor first submitted the project in 2021 but retracted the plan.
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The National Energy Commission (CNE) has granted a permanent concession to AES Dominicana for a renewable project in the Dominican Republic.
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I Squared Capital has sold its electric distribution business the firm owns in Guatemala to Threelands Energy.
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Spanish developer Grenergy has signed a power purchase agreement (PPA) for its Matarani solar project in Peru.
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Brazilian utility Eletrobras is offloading the company’s last coal-fired asset it operates in the country.
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A consortium of European financial institutions and multilateral organizations have launched the Global Green Bond Initiative (GGBI) to promote green bond markets in Latin America and the Caribbean and cooperate on technical assistance.
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A Chilean sponsor is planning a utility-scale solar-plus-storage project located in the region of Atacama, Chile.
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The Port of Santos, Brazil’s largest port and one of the busiest in Latin America, is planning to add a green hydrogen production plant to its facilities.
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EDF Renewables has started construction on the company’s third wind farm in the state of Bahia.
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Brazilian utility Copel is in the process of selling the company’s stake in the Araucária power plant located in the state of Paraná.
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AES Brasil has signed a power purchase agreement (PPA) to supply Microsoft. Under the 15-year agreement, the energy company will supply renewable output from the Cajuína wind complex to the tech company starting July 2024.
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EDF Renewables has started commercial operations of Phase 1 of its Serra do Seridó wind farm in Brazil.
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Brazil’s National Electric Energy Agency (ANEEL) is preparing for the first transmission auction to be held in 2024.
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Norway’s Statkraft Energías Renováveis has agreed to purchase a duo of operational wind farms totaling 260MW in Brazil.
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Rialma Administração e Participações is set to win an additional transmission lot in Brazil’s June auction after the original winner was disqualified.
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Acciona Energía, the Spanish energy company, has signed a Memorandum of Understanding (MOU) with the Government of Aruba to develop green hydrogen on the island.
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BayWa r.e. has signed an agreement to acquire a solar distribution company, marking the company’s entry into the Brazilian renewable market.
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Enel Green Power has started commercial operations on a utility-scale wind project in Chile.
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Peru's ProInversión has granted transmission projects totaling $118 million in investments.
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Brazilian development bank BNDES, in collaboration with the Ministry of the Environment and Climate Change, is launching a R$10 billion ($2 billion) Climate Fund.
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AES Andes is planning to retire another unit of the Ventanas coal-fired power plant in Chile two years ahead of schedule.
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ISA CTEEP (Companhia de Transmissão de Energia Elétrica Paulista) is being considered for one of the unawarded lots in Brazil’s June transmission auction.
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Companhia Energética de Minas Gerais (Cemig) has signed a power purchase agreement (PPA) with a lithium mining company in Brazil.
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Brazilian development bank BNDES and the China Development Bank have signed a $500 million loan agreement to finance projects across Brazil.
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Brazil’s Ministry of Mines and Energy is planning to invest R$75 billion ($15.4 billion) in the renewable sector under the newly launched Novo Pac, the third edition of the Growth Acceleration Program.
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Spanish renewable developer Grenergy is planning to develop a utility-scale solar project located in the region of Maule in Chile.
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Celsia has agreed to acquire a wind project in Peru, marking the company’s entry in the Peruvian renewable market.
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The Superintendency for the Development of the Northeast (Sudene) has provided financing for several projects, including renewable generation and transmission, in Brazil.
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EDF Renewables is the latest international renewable energy company to join the green hydrogen developments in the state of Ceará.
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Peruvian investment promotion agency ProInversión is tendering five transmission projects in Peru.
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Pampa Energía has completed swapping one of the company’s wind farms for stakes in an oil and gas concession.
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Milbank has promoted Jaime Ramirez to co-head the firm’s Latin America practice, based out of New York.
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Santiago-based developer Andes Solar is planning a utility-scale solar asset in the O'Higgins region of Chile.
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Solar developer Helexia has signed an agreement to supply the Prime Energy group with distributed solar generation assets in Brazil.
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IDB Invest will provide financing that will help alleviate stress on energy companies due to deferred payments with the creation of a transitional electricity price stabilization mechanism in Chile.
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Wilson Ferreira Junior has resigned from his position as chief executive of Eletrobras after a year in the role.
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Brazilian utility Companhia Energética de Minas Gerais (Cemig) has found a winning bid for hydroelectric assets the company is auctioning.
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Engie Energía Chile has submitted the Loma Verde wind project for environmental review in Chile for a second time.
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GE Vernova’s Grid Solutions will install a connection bay at the Santa Luzia substation as part of its contract with Brazilian renewable energy company Casa dos Ventos.
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Walmart Chile has started commercial operations on one of the first industrial green hydrogen plants in Latin America.
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Guatemala's National Electric Energy Commission (CNEE) has revealed the full list of 16 awardees from the PEG-4 reverse auction, and over 70% (or 191MW) of the auction's 235MW was given to new renewable energy projects.
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The Superintendency for the Development of the Northeast (Sudene), a Brazilian government agency, has provided a BRL$47.7 million to Lightsource BP for its 210MW Milagres solar project in the state of Ceara.
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The Development Bank of Latin America (CAF) has provided an A/B loan to Argentinean oil and gas company YPF totaling $375 million to transition away from high polluting fuels.
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AES Andes has reached commercial operation of Andes Solar IIb, the largest solar battery storage project in Latin America.
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Chile’s Ministry of Energy is partnering with the Japan Bank for International Cooperation (JBIC) to promote the development of green hydrogen as it continues to foster the nascent technology’s advancement.
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Colombian power company Isagen has announced a partnership with Atlas Renewable Energy to develop solar projects.
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Public utility Empresa Generadora de Electricidad Haina (EGE Haina) has completed its 90MW Esperanza Solar Park in the Valverde Province, Dominican Republic.
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The Saudi Fund for Development (SFD) will loan $77 million to the construction of a 60MW Central American solar plant.
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Solar developer Verano Energy is set to build a multi-phase 25GW green hydrogen development in Antofagasta, Chile, with an estimated $2.9 billion cost.
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Brazil’s National Electric Energy Agency (Aneel) has disqualified one of the winning bidders in a transmission auction held earlier this year citing the winner's incapability to carry out the projects.
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Cox Energy America has been awarded 38.4MW of solar generation in Guatemala's reverse power auction. The renewables developer submitted a bid for 40MW and received 96% of that capacity.
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Mexico’s Comisión Federal de Electricidad (CFE) landed a $333.6 million financing for seven hydroelectric plants.
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Brazil is set to be a beneficiary of EDP’s planned €2.5 billion investment across distributed solar.
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The environmental protection agency of Rio Grande do Sul in Brazil, FEPAM, has issued a preliminary license for a 643.5MW wind project.
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The US International Development Finance Corporation (DFC) has signed a commitment letter to finance a solar project in Ecuador.
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The Department of Energy has granted $453.5 million to finance solar generation and battery storage in Puerto Rico.
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Brazil’s National Electric Energy Agency (Aneel) has approved the draft tender documents for the second transmission auction of 2023.
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Brazilian utility Copel has won a bid to supply energy in the free market to Sanepar, a state-owned water sanitation company operating in Parana.
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Brazilian development bank BNDES is dedicating an additional R$1.5 billion ($313 million) to support the biofuel sector in Brazil.
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Peruvian investment promotion agency ProInversión has awarded the Piura Nueva – Frontera transmission PPP that will interconnect Peru and Ecuador.
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Orion Power is adding a solar-plus-storage asset to the company’s development pipeline in Chile.
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Chile’s national oil company ENAP has signed an agreement with several energy companies to develop a green hydrogen industrial complex.
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Distributed solar company Bright has landed financing to scale its operations in Mexico.
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The government of Ecuador will attempt to procure the Cardenillo and Santiago hydro projects by early next year.
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Solar developer SUNfarming has secured a definitive concession for the development of a 50MW solar project in the Dominican Republic.
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State-owned utility Companhia Paranaense de Energia (Copel) has launched a R$4.3 billion ($912 million) share offering to privatize the company.
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German renewable developer Uka Group is planning a utility-scale solar asset in Chile.
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Acciona Energía has signed a 5-year power purchase agreement with a plastic manufacturer in Mexico.
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Puerto Rico has started the bidding process of the third tranche of its 6-tranche renewable energy procurement process.
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The Puerto Rico Electric Power Authority (PREPA), a public energy utility, has received approval from the Loan Programs Office (LPO) to apply for the Title 17, Energy Infrastructure Reinvestment (EIR) loan program for its renewable energy plan.
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Denham Capital has agreed to sell Rio Energy – an onshore renewables company in Brazil – to Equinor.
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Omega Energia and EDF have signed a memorandum of understanding (MoU) to exchange interests in renewable assets they co-owned in Brazil.
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Brazilian utility Cemig has acquired stakes in four distributed solar generation projects in Brazil from G2 Energia.
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EDPR North America has inked a power purchase agreement with aircraft maintenance provider Lufthansa Technik in Puerto Rico.
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Argentina's Secretariat of Energy has awarded contracts to almost 100 projects in the RenMDI renewable auction.
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Miami-based developer Atlas Renewable Energy is planning a utility-scale solar project in Chile.
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UK-based Atome Energy has secured power purchase agreements to supply its utility-scale green hydrogen and ammonia project in Paraguay.
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EDP is planning to invest around R$530 million ($110 million) in distributed solar generation in the center of Brazil.
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Valia Energía, an Actis-backed power generation company, has completed its acquisition of EVM Energía, adding 850MW of gas-fired assets to its Mexican portfolio.
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Renewables developer Cox Energy is adding a solar project to the company’s Chilean pipeline.
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Sumitomo Mitsui Banking Corporation (SMBC) and financial advisory firm LarrainVial have closed a COP900 billion ($200 million) Colombia-focused debt fund.
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The European Investment Bank (EIB) has signed an agreement to finance the solar sector in Brazil.
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Amid anticipation that green hydrogen would play a significant role in energy transition the Chilean government introduced the Fund for the Development of Green Hydrogen and its derivatives, an inter-ministerial operation that garnered the financial support of development banks in Europe and the US.
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French renewable power company Voltalia has commenced operations of its 260MW solar plant located in the Serra Branca, Brazil.
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The International Finance Corporation has appointed Manuela Adl as senior country manager for Argentina, Chile, Paraguay and Uruguay.
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Enel Chile is offloading a portfolio of solar assets totaling 416MW to Sonnedix.
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The International Development Bank (IDB) has signed an agreement with the International Renewable Energy Agency (IRENA) to support energy transition in the Latin America and the Caribbean region.
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EDP has increased its stakes in EDP Brasil, effectively delisting the company in Brazil.
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Comerc Energia has signed a power purchase agreement (PPA) with French carmaker Renault in Brazil.
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Renewables developer Genneia is issuing green bonds to refinance a trio of assets in Argentina.
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AES Argentina Generación is planning to issue a corporate bond in the local market, scheduled for July 12.
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Spanish infrastructure firm ACS has signed a concession for the construction of the largest wind project in Ecuador.
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Electric-electronic equipment manufacturer WEG has signed a pair of power purchase agreements (PPA) in Brazil.
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AES has appointed Rogério Pereira Jorge as chief executive of the company’s Brazilian operations, based in São Paulo.
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AES Dominicana Renewable Energy is seeking financing from IDB Invest to support the company’s renewable expansion in the Dominican Republic.
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Neoenergia, the Brazilian subsidiary of Iberdrola, has landed a $100 million sustainability-linked loan.
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YPF Luz has signed a power purchase agreement (PPA) to supply renewable energy to a fertilizer producer.
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Spanish renewables developer Grenergy has landed financing for two solar assets in Chile.
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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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The World Bank has approved a series of loans to Argentina, including a $400 financing to expand access to clean energy in the country.
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Spanish renewable developer Grenergy has signed a power purchase agreement (PPA) for the company’s largest solar project in Chile.
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The Government of Ecuador has fulfilled parts of a pre-contractual procedure to obtain credit lines to fund a transmission line cross-border project between Ecuador and Peru.
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Brazilian utility Cemig has signed a power purchase agreement (PPA) to supply a stadium in Belo Horizonte in the state of Minas Gerais.
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Financial details have emerged on Macquarie’s Green Investment Group (GIG) and Hydro Rein’s 456MW Feijão Wind Farm – part of a 586MW combined wind and solar project in northeastern Brazil.
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Engie Energia Chile has secured a $400 million sustainability-linked loan from the IFC to help the company shift from fuel-based power generation to renewable power.
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The Development Bank of Latin America (CAF) has approved a loan to finance distribution networks in Ecuador.
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Orion Power is planning to develop a solar-plus-storage asset in the region of O'Higgins in Chile.
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Pampa Energia is parting with one of the company’s wind farms in Argentina for stakes in an oil and gas concession.
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Itaú Unibanco has acquired a minority stake in a gas-fired power complex from Brazilian power generator Eneva.
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Chilean developer Blue Light Energy is working on a utility-scale solar project in the region of Maule.
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Engie Energía Chile is planning a $230 million wind project in the region of Biobío.
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Power-focused investment manager Newave Capital has reached financial close on its first energy infrastructure fund in Brazil.
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Norwegian renewables firm Norsk Solar has made a final investment decision (FID) on the construction of 3 solar PV plants in Brazil.
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Argentina's Secretariat of Energy has received economic bids from 65 companies for the RenMDI renewable auction.
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Czech renewables developer Solek is entering the renewables market in Colombia with two solar projects.
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Helexia has signed a power purchase agreement (PPA) with Brazilian independent power trader Comerc Energia.
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HIF Global is to develop an eFuels project in Paysandú, Uruguay – expanding its presence in the country.
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The European Investment Bank (EIB) has signed an agreement with Chile’s Ministry of Finance and economic development agency, Corfo, to finance green hydrogen in the country.
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Omega Energia has signed a power purchase agreement (PPA) with the White Martins group, an industrial gas manufacturer in Brazil.
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Iberdrola has signed a binding agreement to sell a large part of its portfolio in the country to the government for $6 billion.
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The Inter-American Development Bank (IDB) has approved a $400 million loan to support the development of green hydrogen in Chile.
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During Chile’s annual Cuenta Publica presidential speech held in Congress on June 1, Gabriel Boric announced that the government was working on a bill to tender 5.4GW of large-scale energy storage systems set to become operational in 2026.
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Itaú Unibanco has acquired interests in the Serra do Assuruá wind complex developed by Engie Brasil Energia.
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Colombian power company Celsia has turned on a 9.9MW solar farm in Valle del Cauca, Buga I, having agreed offtake agreements with agricultural business, Solla, and food processing company, Alianza team.
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The National Energy Commission (CNE) has granted two definitive concessions to the Cotoperí project in the Dominican Republic.
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The US International Development Finance Corporation (DFC) is interested in providing financing for Solarpack’s 200MW El Aromo solar farm in Manabí, Ecuador.
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Spanish infrastructure firm ACS is expected to reach FC on a wind project in Ecuador before the end of 2023, according to a source familiar with the matter.
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AES Andes has signed a sale and purchase agreement to acquire a solar project in Chile.
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Colombian energy distributor Air-e has requested a loan from IDB Invest to support the development of its distribution services.
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Cemig has signed a power purchase agreement to supply renewable energy to a mining company in Brazil.
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Engie Brasil Energia has closed the sale of the company’s last coal-fired power plant in Brazil, making it 100% renewable power generator in the country.
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German developer Blue Elephant Energy continues its expansion in Chile with the acquisition of a portfolio of small-scale solar assets.
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Qualitas Energy, the Spanish renewable energy-focused investment platform, is opening a new office in Chile.
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Brazil’s National Electric Energy Agency (Aneel) has confirmed the first transmission auction of this year to be held on June 30.
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EDF Renewables Brasil has signed a memorandum of understanding (MoU) for the development of green hydrogen with the state government of Rio Grande do Norte.
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InfraCorp, the infrastructure investment platform of Grupo Romero, has closed the acquisition of the Puerto Bravo gas-fired plant in Peru.
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Czech renewables developer Solek has landed financing for a 284MW portfolio of solar assets the company is developing in Chile.
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AES Andes is retiring the company’s Norgener coal-fired power plant in Chile.
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The National Energy Commission (CNE) has granted a total of three definitive concessions for solar projects to be developed on the island.
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Danish wind turbine manufacturer Vestas Wind Systems has secured a 72MW wind project supply order with an undisclosed customer in Argentina.
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Spanish JV partners Repsol and Ibereolica Renovables have commissioned the first phase of their maiden joint solar project plant in Northern Chile.
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Latin America Power is planning a 73MW expansion to the company’s San Juan wind project in Chile.
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Polaris Renewable Energy has inked a power purchase agreement (PPA) for a solar project the company is developing in the Dominican Republic.
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Neoenergia, the Brazilian energy distributor owned by Iberdrola, has landed a green and sustainability-linked loan from the International Finance Corporation (IFC) to support the expansion of its distribution subsidiary.
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Chile’s National Energy Commission (CNE) has revealed details on its 2023 power auction which will be held in December.
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AES Andes has received environmental approval to develop a massive hybrid complex in Chile after submitting the project almost three years ago.
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Omega Energia has entered an agreement with São Paulo-based fund manager Apolo to develop solar generation in Brazil.
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Renewable developer Omega Energia has landed R$415.32 million ($83.6 million) for a wind complex the company is developing in Brazil.
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BlackRock has acquired a portfolio of distributed solar generation assets in Chile.
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YPF Luz has signed a power purchase agreement (PPA) with Petroquímica Río Tercero (PR3) for the supply of solar energy.
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Grupo Energía Bogotá (GEB) has appointed Andrés Baracaldo and Walter Sciutto as country managers for Brazil and Peru, respectively.
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Parque Eolico Arauco (PEA) is partnering with IMPSA on a solar project in the province of La Rioja in Argentina.
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EBCO Energía has submitted a utility-scale solar project for environmental review in Chile.
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MPC Energy Solutions is planning to develop up to 70MWp of renewable energy projects in Panama.
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Neoenergia has signed a financing agreement that will support the expansion of its energy distribution business in Brazil.
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Denham Capital-backed power firm Ceiba Energy has signed an EPC contract with a consortium of Mitsubishi Power Americas and Consag to develop a 1.6GW LNG-to-power plant in northeastern Brazil.
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The National Energy Commission (CNE) has granted a definitive concession to Irradiasol Dominicana for a solar project in the Dominican Republic.
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Chile’s Verano Energy is growing its portfolio in Colombia with the acquisition of a trio of solar projects totaling 296MWp of installed capacity.
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PowerChina has signed a memorandum of understanding with the government of the state of Ceará for the development of a solar project.
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Eneva has inked a power purchase agreement for the company’s Futura I solar complex located in the state of Bahia.
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YPF Luz has signed a memorandum of understanding (MoU) with Cementos Avellaneda to jointly develop a wind project in Argentina.
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Colombia’s Celsia has agreed to sell part of its assets in Central America to a subsidiary of renewable developer EnfraGen.
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AES Brasil has entered a power purchase agreement with an undisclosed offtaker for one of the company’s wind farms.
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Akuo Energy and Atlantica Sustainable Infrastructure have reached financial close and start of construction on a solar PV portfolio in Chile.
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Peruvian investment promotion agency ProInversión and Acciona have signed a concession contract for 2 power transmission lines in Peru.
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Brazilian transmission company Taesa (Transmissora Aliança de Energia Elétrica) has hired Rinaldo Pecchio Jr. as chief financial and investor relations officer.
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Brookfield-backed Quantum has acquired the remaining stake in transmission company Sertaneja.
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Argentina's Secretariat of Energy has received more than 2GW of renewable energy project bids in a tender launched earlier this year.
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Renewable developer Atlas Renewable Energy has signed a 21-year PPA with Brazilian aluminum producer Albras to supply solar power.
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Law firm Holland & Knight is growing the firm’s energy practice in Mexico with the addition of Gerardo Prado Hernández.
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Clifford Chance has promoted energy and infrastructure lawyer Mariana Estévez to partnership, effective May 1.
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Chilean transmission company Transelec has boosted the capacity of a power line running through the Santiago Metropolitan Region to avoid curtailment of renewable energy due to grid constraints and prevent financial losses.
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Pampa Energía is planning to issue green bonds to finance the construction of a wind project the company is developing in Argentina.
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Spanish renewables firm Ecoener will close a deal to finance its Colombian Sunnorte Solar PV Plant in May.
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French solar developer GreenYellow has started construction on five utility-scale solar projects in Colombia.
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Neoenergia has agreed to sell half of its transmission assets to a fund of Singaporean institutional investor GIC.
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Small-scale Chilean developer oEnergy is adding two solar-plus-storage projects to the company’s development pipeline.
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The World Bank’s International Finance Corporation (IFC) will provide up to $175 million to strengthen Guatemala’s power distribution.
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On 4 April 2023, Iberdrola chairman Ignacio Galán sat on a dark green chair embroidered with the Mexican coat of arms, at a large wooden table with Mexican President Andrés Manuel López Obrador and a delegation, to hand over 8.5GW worth of assets — the largest energy deal ever signed in the country.
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The renewable subsidiary of real estate and construction group EBCO Industrial is planning to develop two solar projects in Chile.
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Innergex Renewable Energy has secured a $49.5 million loan to s;upport the construction of the San Andrés battery energy storage project in Chile.
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Spain’s Enerfín has landed a loan to finance the construction of the company’s first solar project in Colombia.
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Pan American Energy (PAE) has signed power purchase agreements for the output of the company’s first project in Brazil.
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The power generation subsidiary of Argentina’s state-owned oil and gas company YPF Luz has inaugurated its first solar park.
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The government of Colombia will tender a 500/230kV transmission substation project, the first such tender in in the country.
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Peru’s Energy and Mines Ministry (MINEM) has granted local electricity company Ecorer a temporary concession for the 100MW Montalvo solar project.
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China’s State Power Investment Corporation (SPIC) has signed a memorandum of understanding to promote green hydrogen production in the state of Rio de Janeiro.
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Luxembourg steel and mining firm ArcelorMittal’s Brazilian subsidiary will form a JV with Casa dos Ventos, one of Brazil’s largest renewables developers.
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Canadian clean energy firm Greenlane Renewables has signed an agreement with Brazil’s ZEG Biogás to develop and sell its most popular biogas upgrading product in Brazil.
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Brazilian construction company BN Engenharia will carry out infrastructure work on China’s State Power Investment Corporation (SPIC) and Canadian Solar’s 738MW solar portfolio.
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Chilean state-owned mining company Codelco has renewed its thermal offtake agreement with Canada’s Innergex Renewable Energy to continue using solar heat to mine copper at its Gabriela Mistral Division site.
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Spanish developer Fotowatio Renewables Ventures (FRV) has begun the permitting process for a utility-scale wind project in Chile.
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Peruvian investment promotion agency ProInversión is looking to award the Piura Nueva – Frontera transmission project in July.
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Small-scale developer oEnergy is adding a solar-plus-storage project to the company’s pipeline in Chile.
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Italian energy company Enel’s LatAm subsidiary has reached an agreement to sell its Peruvian businesses to China Southern Power Grid International (CSGI).
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Copper producer Codelco has extended its power purchase agreement with Innergex Renewable in Chile.
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French energy company Engie has signed a memorandum of understanding (MoU) to support the development of green hydrogen in the state of Paraná in Brazil.
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Ecuador’s Ministry of Energy and Mines has awarded projects in a renewables tender the country launched back in December 2021.
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Offshore wind in Latin America is generating conversation, if not power, as its governments attempt to meet ambitious energy transition goals. According to the World Bank, the region holds 8,000GW of potential technical capacity, with Brazil, Colombia, Chile and Mexico offering some of the best resources for implementation.
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Details have emerged on Spanish utility Solarpack’s acquisition of a concession to develop a 200MW PV solar farm in Manabí, Ecuador.
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Brazilian utility Cia Energetica de Minas Gerais (Cemig) will hold an auction on 10 August 2023 to sell off 41.2MW of operational small hydro power projects.
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Paraguay’s state-owned power utility ANDE has signed an agreement with Swedish-based engineering company AFRY and Argentinian firm Latinoconsult to rehabilitate and modernize the 200MW Acaray hydropower plant.
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Grupo Energisa has landed financing to support the development of distributed generation solar projects in Brazil.
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Argentine renewable developer Genneia has signed a power purchase agreement (PPA) with oil and gas company Vista Energy.
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Iberdrola has agreed to sell more than 8.5GW of assets it operates in Mexico, in a transaction valued at around $6 billion.
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Brazilian developer Casa dos Ventos has landed a loan from BNDES to support the construction of the Umari wind complex.
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Dominican public utility Empresa Generadora de Electricidad Haina (EGE Haina) has secured a definitive concession for a solar project on the island.
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Electricity distributor and hydro developer Luz del Sur has agreed to acquire a pair of solar projects in Peru.
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Danish wind turbine manufacturer Vestas will supply turbines to the 162MW La Eltiba wind farm in the province of Buenos Aires in Argentina, owned by local renewable energy producer Genneia.
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Casa dos Ventos has signed a power purchase agreement with Brazilian petrochemical company Braskem.
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Danish wind turbine manufacturer Vestas has signed an agreement with Brazilian developer Casa dos Ventos to supply wind turbines to two mega wind farms.
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Chile’s national energy commission is calling for an international public tender to award the construction, execution and operation of 15 transmission works, with a combined value of $414 million.
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Equatorial Energia has signed an investment agreement with Itaú Unibanco in the amount of R$2.1 billion ($403 million).
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Brazil’s power sector regulator Aneel has approved the remaining 100MW worth of solar projects from the A-5 tender held on 14 October 2022.
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Enel, through its business Enel Trading, has signed a power purchase agreement with gold mining company Equinox Gold in Brazil.
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Engie has received the greenlight to turn on the first unit of its Santo Agostinho wind project in Brazil.
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Mexico’s government will develop renewable energy projects to power the 300km Tehuantepec isthmus rail corridor between ports in Oaxaca and Veracruz states.
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Chinese wind turbine manufacturer Xinjiang Goldwind Science & Tech will invest R$150 million ($29m) to create a production base in Brazil’s Bahia state.
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Netherlands-based renewables company MPC Energy Solutions announced the completion of construction and grid connection for its Parque Solar Los Girasoles.
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Mexico’s renewable energy sector might be on the road to recovery, with elections to be held in July 2024. Following a run of lean years, sponsors and lenders alike were enthusiastic for the future while discussing the renewable landscape at REFF Latam 2023 last week.
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The Canada Pension Plan Investment Board (CPP Investments) has teamed up with Brazilian investment business Votorantim to launch a company in Brazil focused on investing in the energy transition globally.
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Norwegian renewables provider Scatec has made its first drawdown under a $240 million non-recourse loan facility to partly finance the 531MW Mendubim solar project.
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French renewable developer GreenYellow is entering the utility-scale solar generation market in Brazil.
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Neoenergia has brought online the entire Neoenergia Renewable Complex, Brazil’s first operational hybrid complex.
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The Argentine province of Santa Fe’s energy distributor EPE will issue a regional tender for renewable energy after several months’ delay.
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Brazil’s Eletrobras has acquired an additional 22.9% interest in the holding company of the Santo Antonio hydro plant, bringing the company's total ownership to over 95%.
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New Fortress Energy has entered into an agreement with Weston Solution for the installation and operation of 150MW of additional power generation at the Palo Seco Power Plant in Puerto Rico and the supply of natural gas.
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YPF Luz has announced its intention to purchase all the shares in the thermal generation plant Central Dock Sud from Enel Americas.
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AES Andes is planning an addition to its renewable pipeline in Chile with a new solar-plus-storage project.
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Paraguay’s National Electricity Administration (ANDE) and the Plata Basin Financial Development Fund (Fonplata) have agreed to terms for a loan to develop a transmission line project.
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Brazil’s National Electric Energy Agency (Aneel) is preparing its second transmission auction of the year, the largest in terms of investments ever held in the country.
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Brazilian chemical company Unigel has formally signed an agreement with German electrolyzer manufacturer Thyssenkrupp Nucera to develop the second phase of a green hydrogen ammonia project in the state of Bahia.
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Brazilian development bank BNDES has approved financing for French electricity producer Helexia, part of the Voltalia Group, to install solar projects across Brazil.
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Engie Energía Perú was granted a definitive concession for the development of a solar project in Peru after submitting a request last July.
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The local subsidiary of AES Corp is planning to develop a new utility-scale solar project in El Salvador.
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Danish wind turbine manufacturer Vestas has signed two turbine supply contracts with utilities in Argentina and the US for a total capacity of 151MW.
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Mexico-based solar power producer Cox Energy America has secured 45MW worth of solar PV capacity in a grid allocation tender held by Colombia.
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Argentina’s federal transmission trust fund has launched a tender for a project in Catamarca province as part of the country’s regional electricity improvement plan.
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Grupo Ibereólica is planning a hybrid solar and wind complex in Chile.
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The Puerto Rican Public Private Partnerships Authority has issued a request for qualifications (RFQ) for the development of a LNG-to-hydrogen plant on the island.
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Enel Green Power has started construction on the El Manzano solar project in Chile.
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Norwegian oil & gas group Equinor and Brazilian state-run oil & gas firm Petrobras have announced a collaborative initiative to study the potential for over 14GW of offshore wind projects in Brazil.
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Colombia's Mines and Energy Planning Unit (UPME) has granted permits to connect close to 7.5GW of renewable energy to the national grid.
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Brazilian development bank BNDES has approved financing for two biofuel plants through the bank’s RenovaBio initiative.
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French energy company Voltalia has signed a memorandum of understanding (MoU) for the development of green hydrogen in Brazil.
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Santiago-based developer Orion Power is planning a utility-scale solar project in Chile.
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Chilean renewables developer Latin America Power (LAP) has named a new chief executive, based in Santiago.
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The Peruvian Ministry of Energy and Mines has granted three concessions (two of them definitive) for the development of power generation projects in the country.
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Data center provider Odata has acquired a minority stake in a wind project in Brazil for an undisclosed amount.
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360 Energy is planning to issue bonds for up to $80 million to finance a solar project the company is developing in Argentina.
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Grupo Ibereólica has received environmental approval to develop a massive wind project after waiting for more than two years.
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Brazilian solar developer GDSun has acquired a pair of distributed solar generation projects in Brazil.
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Spanish renewables firm Ecoener has signed two PPAs with the Dominican Republic’s state-owned power producer Empresa Generadora de Electricidad Haina (EGE Haina).
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Ontario-based developer Canadian Solar is looking to develop a new solar-plus-storage project in Chile.
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YPF Luz and Pampetrol have entered an agreement to jointly develop solar generation projects in Argentina.
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AES Andes is planning to develop and build a hybrid project, the company's first in Chile.
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Power generation company Genneia has secured financing for three renewable projects it is developing in Argentina.
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Enel Américas – a subsidiary of Enel SpA – has agreed to sell its stake in two Argentinian thermal generation plants to power generation firm Central Puerto.
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Spanish renewables firm Grenergy has sold three PV solar farms in Chile for €41.3 million ($44.2m).
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Netherlands-based renewables provider MPC Energy Solutions said on 20 February 2023 that it has signed a long-term PPA with a subsidiary of IMSA Group, a Guatemalan producer and exporter of sugar, alcohol and energy.
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Chile-based renewables company Verano Energy (formerly Verano Capital) has secured several permits needed for construction of a 100MW solar power project in Peru.
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French-based renewables producer Total Eren will construct its first project in Honduras, a 122MW wind farm.
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Spanish joint venture partners Repsol and Ibereolica Renovables have officially turned on their 165.3MW Atacama wind farm.
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Omega Energia has signed a power purchase agreement for one of the company’s wind projects in Brazil.
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German renewables developer Sowitec will sell three solar development projects in Mexico.
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Argentine energy company Pampa Energía is adding a new wind project to its development pipeline.
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Brazil's EDP Renewables' (EDPR) 580MW wind farm complex in Rio Grande do Norte state has been inaugurated.
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Chinese PV systems provider Antaisolar will supply 187MW worth of solar tracking systems solutions to Brazilian utility Cia Energetica de Minas Gerais, also known as Cemig.
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Casa dos Ventos and Comerc Eficiência (an energy efficiency company of Comerc Energia Group) have signed a partnership with TransHydrogen Alliance (THA) for the production and export of ammonia.
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Puerto Rico has launched the third tranche of its six-tranche renewable energy procurement process.
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Utility Enel Chile has secured approval to start commercial operations on its 204MW solar farm in the Atacama Desert, the company said on 7 February.
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The investment arm of the Inter-American Development Bank, IDB Invest, will finance an 80MW thermal power plant (TPP) in Brazil, the multilateral announced on 6 February 2023.
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The Chilean National Commission of Energy is launching a request for proposals (RFP) for transmission projects in the country.
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YPF Energia Electrica is set to issue bonds to finance a new solar project the company is developing in Argentina.
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MPC Energy Solutions has started operations for its Santa Rosa and Villa Sol solar PV plants in El Salvador, which have a combined installed capacity of 21.3MW.
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Genneia is issuing green bonds for up to $80 million to finance a pair of renewable projects the company is developing in Argentina.
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Chilean small-scale developer oEnergy is growing its portfolio with a solar-plus-storage project.
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Spanish renewables firm Grenergy will develop three PV solar plants in Colombia.
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YPF’s power generation arm YPF Luz is set to start construction on the company’s fourth wind project in Argentina.
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Bioenergy developer Brasil BioFuels (BBF) has issued debentures to finance power plants in Northern Brazil.
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UK-based Atome Energy has inked a partnership agreement with Cavendish, the renewable energy arm of Grupo Purdy SA, in Costa Rica.
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Solar developer Erco Energia has landed $30 million to support the development of solar projects in Colombia.
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Peruvian investment promotion agency ProInversión has awarded two electricity transmission PPPs to Spain-based infrastructure company Acciona Concesiones.
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Chilean utility company Colbún and Japanese multinational Sumitomo will ally to study the feasibility of green hydrogen-to-ammonia projects in Chile.
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Norsk Solar has secured additional financing for a 18MW solar project the company is developing in Brazil.
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EDP Renováveis has concluded the sale of two operating wind farms in Brazil.
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Brazilian distributed generation company Órigo Energia has landed a R$250 million ($49 million) equity injection.
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Enel Green Power has brought the São Gonçalo III solar project in Brazil online.
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Norwegian energy company Statkraft has acquired the company’s first solar and wind projects in Peru.
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The National Electric Coordinator has released its plans for a $279 million expansion of the transmission system in Chile.
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Grupo Equatorial is issuing debentures for its recently acquired distribution subsidiary Celg-D.
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EDF and environmental services company Refocosta are partnering on the development of a biomass power plant in Colombia.
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Norwegian energy company Statkraft will abandon the building of a dam-toe hydroelectric plant in Chile out of respect for local indigenous communities, which consider the project site sacred ground.
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Enel Green Power has turned on the company’s first renewable distributed generation project located in the metropolitan region of Santiago.
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Brazilian solar energy provider Sun Mobi will set up a 5MW solar PV plant in São Paulo state.
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Celepsa has acquired the company's first gas-fired power plant in Peru.
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Cemig has signed a power purchase agreement (PPA) to supply renewable energy to an automotive parts manufacturer in Brazil.
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Spain’s Acciona Energia is planning to develop a 92MW solar project in Chile.
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Unigel is planning a R$7.8 billion ($1.5 billion) investment in a green hydrogen complex the company is developing in Brazil.
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Cubico Sustainable Investments has agreed to purchase a 1GW solar project in Brazil.
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Spanish law firm Cuatrecasas has appointed Iván Libenson as managing partner of its Mexico City office.
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Spanish renewables firm Grenergy’s 240MW Gran Teno solar farm in Chile will start operations “soon”, the company said on Friday (13 January 2023).
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State-owned hydro and utility company Urrá’s Aquasol solar complex is close to completion, the firm announced on Friday (13 January 2023).
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Colombia’s state-owned petroleum firm Ecopetrol has selected French-based energy producer Total Eren to build a 100MWp solar farm at its Rubiales oilfield.
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Chinese PV module manufacturer YuanTech Solar has obtained the Brazilian INMETRO certification which gives the company the opportunity to operate in the country’s renewable energy market.
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British geoscience company Getech and Canadian geothermal firm Eavor Technologies have signed a Strategic Collaboration Agreement to jointly locate and de-risk geothermal projects across Latin America.
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Chilean state-owned mining company Codelco has signed a contract with local electricity utility AES Andes to replace coal supply at 2 mines with renewables.
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EnfraGen, a joint venture between Glenfarne Group and Partners Group, has announced the signing of an EPC contract with Chilean renewables firm Verano Energy to develop 8 PV projects in Chile.
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EDP Renováveis (EDPR) has secured financing to support the construction of 2 wind farms that the company is developing in Brazil.
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The interest rate rose with the Pink Tide this year, leaving many in the renewable project finance market stranded in Latin America. While Latin America shouldn’t be treated as a monolith – the continent comprises 33 countries including the Caribbean – the impact of political uncertainty, the reemergence of leftist governments, known as the Pink Tide, and rising interest rates were felt across jurisdictions.
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Emerald Solar Energy, a subsidiary of Polaris Renewable Energy, has landed a definitive concession in the Dominican Republic for a solar project.
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Brazilian development bank BNDES has agreed to finance the development of 1.5GW of renewable energy in Brazil.
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EDF Renewables has won long-term power purchase agreements in a renewable energy auction in Colombia.
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