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.
Energy Finance & Investment News in Central and South America
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).
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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).