Energy Finance & Investment News in Central and South America
Sojitz Corporation has concluded a joint venture along with Shikoku Electric Power and Eiffage SA, to participate in the Huatacondo solar independent power producer project (IPP) in Chile.
Argentina’s Federal Energy Council has unanimous given the go-ahead for the development of the stalled 1,310-MW Nestor Kirchner–Jorge Cepernic hydropower complex planned for Santa Cruz River in Argentina.
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.
The Inter-American Investment Corporation (IIC), acting on behalf of the Inter-American Development Bank (IDB) Group, has disbursed a US$120 million financing package to Areaflin, S.A. to support the construction, operation, and maintenance of the Valentines Wind Farm in Uruguay.
The Peruvian Private Investment Promotion Agency (ProInversión) has awarded to the Italian based company Terna Plus the concession contract for the Aguaytía-Pucallpa Transmission project under a PPP basis.
Brazil's renewable power generation company Renova Energia SA has announced it has canceled 188.2 MW of wind projects in Brazil.
The Inter-American Investment Corporation (IIC) continues to support energy generation from renewable sources in Uruguay with the approval of a US$56 million financing package for a 500 Kv transmission line between the cities of Melo and Tacuarembó.
Solarpack has raised a total of USD$104 million for nine PV plants in Chile and India.
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.
ACCIONA has signed a €100 million (US$109 million) "green loan" with BBVA to partially fund its photovoltaic and wind energy projects in Chile.
Aela Generation SA is seeking US$175 million of financial support for a project involving the construction of two wind parks and a transmission line in Chile.
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.
Borealis Infrastructure, the infrastructure investment manager of OMERS, has announced that it has signed an agreement to acquire a 34.6% stake in GNL Quintero S.A., (GNLQ).
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.