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Energy Finance & Investment News in Central and South America

IPPToday #281: EPM to sell US$1 billion assets to fund 2.4 GW hydropower project

IPPToday #281: EPM to sell US$1 billion assets to fund 2.4 GW hydropower project

🕔Sep 10, 2018

Empresas Publicas de Medellin E.S.P (EPM) has announced an asset divestment programme expected to raise between COP3.5 trillion and COP4 trillion (US$1.13 billion and US$1.29 billion) to fund the completion of the 2.4 GW Ituango hydropower project.

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IPPToday #278: Brazil awards contracts to 835 MW projects in latest energy auction

IPPToday #278: Brazil awards contracts to 835 MW projects in latest energy auction

🕔Sep 4, 2018

Brazil's Câmara de Comercialização de Energia Elétrica (CCEE - Chamber of Electric Energy Commercialisation) has awarded power purchase agreements for projects with 835 MW total generation capacity in its latest energy auction. The contracts awarded represent BRL23.6 billion (US$575.7 million).

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IPPToday #276: Acciona to power LATAM Airlines in Chile with renewable energy

IPPToday #276: Acciona to power LATAM Airlines in Chile with renewable energy

🕔Aug 31, 2018

Acciona has signed a contract to supply 100% renewable electricity to the two main facilities of LATAM Airlines Group, the biggest airline group in Latin America, from September this year.

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Dominican Republic to replace PPAs with concessions for renewable projects

Dominican Republic to replace PPAs with concessions for renewable projects

🕔Jul 16, 2018

The Dominican Republic's Minister of Energy and Mines has announced that it is changing the way that renewable projects are developed in the country. Instead of awarding PPAs to projects proposed by developers, the Ministry will tender concession contracts for projects that it has designed. 

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Genneia secures for US$132 million for 78 MW wind projects in Argentina

Genneia secures for US$132 million for 78 MW wind projects in Argentina

🕔Jul 11, 2018

Argentinian energy company Genneia has signed long-term credit agreements for US$132 million debt financing, which will support the construction of two wind farms: 50 MW Villalonga, to be located in the province of Buenos Aires, and 28 MW Chubut Norte I, located in Puerto Madryn, Chubut province.

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Enel offers US$1.5 billion to win bidding war to acquire Brazil's Eletropaulo

Enel offers US$1.5 billion to win bidding war to acquire Brazil's Eletropaulo

🕔Jun 6, 2018

Enel has announced that its subsidiary Enel Brasil Investimentos Sudeste, S.A. has received confirmation of the successful completion of its voluntary offer for the purchase of the entire share capital of Eletropaulo Metropolitana Eletricidade de São Paulo S.A., marking its success in the bidding war for the acquisition, which lasted over six weeks.

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Financial close for 51 MW solar project in Jamaica

Financial close for 51 MW solar project in Jamaica

🕔Jun 5, 2018

Neoen has announced the signing of financing for Paradise Park, a 51 MWp solar photovoltaic project located in Jamaica. The company is a majority shareholder alongside MPC Caribbean Clean Energy Fund and Rekamniar Frontier Ventures.

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Innergex acquires 250 MW hydropower projects in Canada and Chile

Innergex acquires 250 MW hydropower projects in Canada and Chile

🕔May 21, 2018

Innergex Renewable Energy Inc. has announced that it has acquired Ledcor Power Group Ltd.’s 33.3% interest in Creek Power Inc., a company that indirectly owns the 7.5 MW Fitzsimmons Creek, 25.3 MW Boulder Creek and 81.4 MW Upper Lillooet River hydropower projects located in British Columbia, Canada, as well as a portfolio of prospective projects.

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IPPToday #215: US$758 million financing secured for first CSP-PV project in Latin America

IPPToday #215: US$758 million financing secured for first CSP-PV project in Latin America

🕔May 21, 2018

Cerro Dominador, a project company owned by funds managed by EIG Global Energy Partners (EIG), has announced that it has signed financing agreements for its 210 MW solar project in Chile, securing US$758 million from a group of both local and international financiers.

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Brazil to auction transmission projects spanning 2,600km

Brazil to auction transmission projects spanning 2,600km

🕔May 18, 2018

The Brazilian government has announced that the National Electricity Energy Agency (ANEEL) will auction concessions for the construction, operation and maintenance of approximately 2,600 km of transmission lines on 28 June 2018.

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Seabased to develop 40 MW wave energy project in the Caribbean

Seabased to develop 40 MW wave energy project in the Caribbean

🕔May 16, 2018

Seabased AB of Lysekil, Sweden, has announced that it is developing two 20 MW wave energy parks in the Caribbean, which will be owned by Bermuda General Agency Ltd.

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IPPToday #208: AES and Strabag agree new contract for US$3 billion hydropower project in Chile

IPPToday #208: AES and Strabag agree new contract for US$3 billion hydropower project in Chile

🕔May 9, 2018

AES Gener has announced that it has completed a restructuring of the Alto Maipo hydropower project in Chile. The project involves the development of two run-of-the-river hydroelectric power plants on the upper Maipo River, approximately 50km south-east of Santiago: Las Lajas and Alfalfal II, which have generation capacities of 267 MW and 264 MW, respectively.

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IPPToday #200: Acciona to invest US$600 million in renewable projects in Chile

IPPToday #200: Acciona to invest US$600 million in renewable projects in Chile

🕔Apr 26, 2018

ACCIONA Energía has announced that it intends to build two new photovoltaic plants and two wind farms in Chile over three years, with a total capacity of around 400 MW and an investment of approximately US$600 million.

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FMO and DEG finance solar project in the Dominican Republic

FMO and DEG finance solar project in the Dominican Republic

🕔Apr 26, 2018

Neo Solar Power Corporation (NSP) has announced that its subsidiary, General Energy Solutions Inc. (GES), has secured a 16-year US$38 million long-term financing from the Netherlands' Development Finance Company (FMO) and the German Investment and Development Corporation (DEG) for a solar project in the Dominican Republic.

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IPPToday #198: US$1.5 billion raised for LNG-to-power project in Brazil

IPPToday #198: US$1.5 billion raised for LNG-to-power project in Brazil

🕔Apr 24, 2018

Centrais Elétricas de Sergipe (CELSE), a special purpose vehicle majority-owned by Golar Power, has announced the signing of financing agreements for the Porto de Sergipe I project, which involves the development of a thermal power plant that will process natural gas in electric energy in Barra dos Coqueiros, Sergipe state, north-east Brazil.

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IDB finances 80 MW solar project in Argentina

IDB finances 80 MW solar project in Argentina

🕔Apr 20, 2018

The Inter-American Development Bank (IDB), through member organisation IDB Invest, has approved a financing package for the construction, operation and maintenance of Cordillera Solar I, an 80 MW solar photovoltaic power plant in the province of San Juan, in Argentina.

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Financing secured for expansion of power plant in Chile

Financing secured for expansion of power plant in Chile

🕔Apr 13, 2018

GE Energy Financial Services has announced that it has secured US$150 million project financing to refinance and expand the Los Guindos open-cycle thermoelectric power plant in central Chile, which has been in operation since July 2015 at 139 MW capacity.

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IPPToday #190: Canadian Solar wins 364 MW of 1 GW awarded in A-4 auction in Brazil

IPPToday #190: Canadian Solar wins 364 MW of 1 GW awarded in A-4 auction in Brazil

🕔Apr 11, 2018

Canadian Solar Inc. has announced that it won three solar photovoltaic (PV) projects in Brazil's A-4 auction that was held on 4 April 2018. The projects have with a total installed capacity of 364 MWp.

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MPC Capital announces partnership with Martifer Renewables

MPC Capital announces partnership with Martifer Renewables

🕔Apr 2, 2018

MPC Capital, an international real assets investment manager headquartered in Hamburg, has announced a joint venture with Martifer Renewables, a developer of wind and solar energy projects. The venture will focus on developing and supporting distributed generation and utility-scale solar photovoltaic and wind renewable energy projects throughout Colombia.

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Brazil announces installation of 1,028 MW through Avancar Energia programme

Brazil announces installation of 1,028 MW through Avancar Energia programme

🕔Mar 27, 2018

Brazil's Ministry of Mines and Energy has announced that 44 of the 97 projects awarded in its Avançar Energia programme has been completed, adding 1,028 MW of installed capacity to the National Generator Park (Parque Gerador Nacional).

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