Energy Finance & Investment News in Brazil
EDF Energies Nouvelles has acquired an 80% interest in the Pirapora II photovoltaic project from Canadian Solar Inc., which is retaining a 20% stake and manufacturing the photovoltaic panels at its local plant.
Brazil's renewable power generation company Renova Energia SA has announced it has canceled 188.2 MW of wind projects in Brazil.
Actis has announced that its wind platform Echoenergia has acquired 100% of two operating wind farms in the North East of Brazil, from Brazilian premier wind developer Casa dos Ventos. The two wind farms, with contracted 20-year PPAs, total 346MW.
Brazil's National Bank for Economic and Social Development (BNDES) has approved BRL529 million (USD 167.8 million) funding for the implementation of the Pirapora Solar Complex in Minas Gerais.
Brazil's latest energy transmission auction attracted BRL12.7 billion (US$4 billion) in investments according to the country's power sector regulator company Aneel.
Atlantic Energias Renováveis SA has signed a financing agreement with Banco Regional de Desenvolvimento do Extremo Sul (BRDE), in the amount of BRL230 million (US$73 million), for a total investment of BRL1.2 billion (US$380 million) for the implementation of the Santa Vitória do Palmar Wind Complex in the extreme south of Rio Grande do Sul.
Later this year, concession rights for five hydropower projects will be auctioned by Brazil's Ministry of Mines and Energy
AES Tiete Energia SA has entered into an agreement with Renova Energia S.A. for the purchase of the totality shares of the 386-MW Alto Sertao II wind power complex in Bahia (Brazil).
Engie Brasil Energia SA has announced the commissioning its 97.2 MW wind complex in Ceara State, Brazil.
The Brazilian Development Bank (BNDES) through its investment subsidiary BNDESPAR has selected Vinci Partners to manage its BRL-500 million (US$162.9 million) sustainable energy fund.
A federal court suspended the operating license for Brazil's 11.2 GW Belo Monte hydroelectric plant following allegations that the project's owners did not meet environmental requirements.
Rio Energy, a developer, owner and operator of renewable energy projects in Brazil, formed by energy-focused global private equity firm Denham Capital, has signed financing agreements with the National Bank for Economic and Social Development (BNDES) in Brazil, in the amount of BRL848 million (US$272 million), for the construction of eight wind farms in the Serra da Babilônia Complex.
Solatio Energia has plans to invest approximately R$3.4 billion (US$859.1 million) in foru photovoltaic solar project in Brazil.
Canadian Solar Inc. has announced that it has received US$20 million unsecured funding from the China and Portuguese-speaking Countries Cooperation and Development Fund (CPDFund) to support the development of eligible projects in Brazil, including the 191 MWp Pirapora I Project in the state of Minas Gerais.
The National Bank for Economic and Social Development (BNDES) has approved a total of BRL1.065 billion (US$342 million) in financing for the construction of eight wind farms in the state of Bahia, and four wind farms, located in Ceara state.
The Inter-American Investment Corporation (IIC), a member of the Inter-American Development Bank (IDB) is considering financing two wind projects in Brazil.
Governments of Latin America to discuss investment opportunities for energy projects – Washington, D.C March 2017
Latin American public and private sector leaders will address countries’ policies and strategies to engage investors and stimulate open discussions. 250 energy developers, financiers and public sector stakeholders are expected to attend the meeting from North America and countries across Latin America.
ABB has won an order worth around US$75 million to supply advanced converter transformers for the Belo Monte 800 kV ultra-high-voltage direct current transmission link.
The Enel Group and the Brazilian Development Bank (BNDES), the main financing agency for development in Brazil, have signed a 20-year term loan agreement worth around BRL373 million (US$115 million) that will cover part of the investment required to build the 102 MW Apiacas hydropower cluster, which is located in the state of Mato Grosso in Brazil’s Central-West Region.