The European Union is mulling signing a €18 million (US$ 21 million) financing agreement to support renewable energy in Cuba.
Energy Finance & Investment News in Central and South America
The president of the Brazilian Development Bank (BNDES), Paulo Rabello de Castro, and the vice-president for Countries of the Inter-American Development Bank (IDB), Alexandre Meira da Rosa, have signed an agreement of a conditional credit line worth USD 2.4 billion to fund infrastructure and sustainable energy projects and productive projects of small and medium companies.
The Ministry of Energy and Mining, under a Resolution of the Ministry of Electric Power No. 926/2017, has awarded nine projects for a total of 1,304 MW.
The Brazilian Bank will provide funding for three solar photovoltaic facilities totaling 350 MW of Enel, and a 132 MW project under development by Norwegian companies Scatec Solar and a Statoil.
The Ministry of Energy and Mining has opened the tender for Round 2 of the RenovAr Program in order to promote fulfillment of the targets imposed to achieve 8% participation of renewable energy sources in the electricity grid for December 2017, and 20% for 2025.
The Inter-American Investment Corporation (IIC), acting on behalf of the IDB Group, has signed a US$104 million financing package for Greenwind S.A., an affiliate of Pampa Energía S.A. and Castlelake L.P., to construct, operate and maintain the 100 MW Corti Wind Farm in Bahía Blanca, province of Buenos Aires, Argentina.
Latin America Power Ltda (LAP) has issued US$412 million (€347.7 million) in bonds to refinance two wind farm projects located in Chile, the 184.8 MW San Juan and the 46 MW Totoral wind facilities.
Andes Green Energy, the South Korean energy company, is planning a 1GW solar complex in northern Chile, that will combine conventional PV panels and thermal technology that to produce power after sundown.
Enel S.p.A., acting through its renewables subsidiary Enel Green Power S.p.A., has signed agreements with the Canadian institutional investor Caisse de dépot et placement du Québec (CDPQ) and the investment vehicle of the leading Mexican pension funds CKD Infraestructura México S.A. de C.V. for the sale of 80% of the share capital of a newly formed Mexican holding company, owner of the entire capital of eight special purpose vehicles (SPVs).
The Brazilian government has sold operating licenses for four hydroelectric dams with a total value of nearly US$4 billion.
Statkraft and Norfund have closed an agreement to swap shares in their jointly owned international hydropower assets.
IPPToday #58: Argentina's province of Jujuy launches green bond for largest PV complex in the country
The Argentina's province of Jujuy has launched a US$210 million green bond aimed to co-finance the development of the 300 MW Cauchari solar project, which was selected in the first round of Argentina's renewable energy auction, RenovAr 1.
Connor, Clark & Lunn Infrastructure (CC&L Infrastructure) has announced that it has entered into binding agreements to acquire 15 construction-stage, ground mount solar projects in Chile aggregating approximately 65 MW of capacity.
Renova Energia S.A. has signed an agreement to sell its rights and obligations related to the 605-MW Umburanas wind farm complex project in Brazil’s Bahia state to Engie Brasil Energia S.A.
The Government of Argentina has launched the RenovAr Ronda 2 national auction, comprising 1,200 MW of renewable energy capacity.
Brazil's Companhia Hidro Elétrica do São Francisco (Chesf) has completed all the electric power transmission works required to lease the production of the wind farms operating in the Northeast of the country.
The Inter-American Investment Corporation (IIC), the private sector arm of the Inter-American Development Bank Group, has closed a US$135 million project finance loan to Aela Energía for the construction, operation and maintenance of three wind projects located in the Atacama, Los Lagos and Bio-Bio regions of Chile.