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.
Energy Finance & Investment News in Central and South America
IFC, a member of the World Bank Group, and the IFC Global Infrastructure Fund (GIF), a fund managed by the IFC Asset Management Company (AMC), have invested a combined US$100 million in Orazul Energy Partners LLC, an affiliate of Orazul Energy Holdings LLC, an energy platform in Latin America owned by I Squared Capital.
Fotowatio Renewable Ventures, a global utility-scale solar developer, has signed an agreement with Invenergy, a privately-held company that develops, owns and operates utility-scale renewable energy projects and storage facilities, for the sale of the 65 MW La Jacinta solar plant in Uruguay, one of the largest photovoltaic projects in Latin America.
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.
To achieve the target of 20 percent of energy consumption originating from renewable energy in Argentina by 2025, the World Bank Board of Directors has approved a US$480 million guarantee to promote private investment in the sector.
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) has signed a US$78 million financing package with Hidronormandia S.A. to support the construction and operation of a run-of-the-river hydropower plant and transmission line in Ecuador.
ProInversión, through its Committee on hydrocarbons and Energy Projects Pro Connectivity announces the call for its tender of Comprehensive Projects for awarding concession of the Guaranteed Transmission System (GTS)’s projects 500 kV Mantaro-Nueva Yanango-Carapongo Connection and Associated Sub-stations, 500 kV Nueva Yanango – Nueva Huánuco, 220 kV Tintaya-Azángaro Connection and Associated Sub-stations.
The Inter-American Investment Corporation (IIC), a member of the Inter-American Development Bank (IDB) is considering financing two wind projects in Brazil.
Spanish firm Generación Solar AR plans to undertake the developmet of a 145 MW photovoltaic project located in the Catamarca Province of Argentina.
Chile’s Environmental Assessment Service has approved Mainstream Renewable Power’s 245 MW Escondido Solar PV facility, making it one of the largest approved projects in the Atacama region.
The Government of Peru has cancelled Odebrecht contract to develop the Southern Gas Pipeline (GSP) after the consortium failed to meet its financing deadline.
Chile has announced 4.2 GW renewables tender in order to supply the energy needs of the regulated customers of the Interconnected Systems (SIC and SING) from January 1, 2023, for 20 years.
Saeta Yield SA, a spanish renewable energy plants owner, has announced it will acquire the Carape I and II wind farms in Uruguay that have a combined capacity of 95 MW.
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.
Argentina's Ministry of Mines and Energy has signed the contracts with seven developers, for 315 MW of the 1,142 MW awarded in the first round of its renewable energy auction, RenovAr 1.
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.
El Savador National Energy Council has awarded about 170 MW of solar and wind power supply contracts with a 20-year term.
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.
Red Eléctrica Chile, a subsidiary of Red Eléctrica Internacional, and Engie Energia Chile, a subsidiary of ENGIE, have announced that they had secured financing to build an energy transmission line.