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Energy Finance & Investment News in Central and South America

IPPToday #130: IADB to loan US$1 billion to largest hydropower project in Colombia

IPPToday #130: IADB to loan US$1 billion to largest hydropower project in Colombia

🕔Jan 8, 2018

IDB Invest, the private investment arm of the Inter-American Development Bank, has signed a US$1 billion senior, unsecured A/B loan package to Empresas Públicas de Medellín (EPM) to fund the construction of the 2.4 GW Ituango hydroelectric plant, to be the largest hydropower project in Colombia.

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IPPToday #125: Financing secured for 300 MW wind projects in Chile

IPPToday #125: Financing secured for 300 MW wind projects in Chile

🕔Dec 28, 2017

Aela Energía, a joint venture of Actis (60%) and Mainstream Renewable Power (40%), has secured project financing for the construction of two wind farms to be located in the Atacama and Los Lagos regions of Chile. Together the projects will contribute installed capacity of 299 MW to the Central Power Grid System.

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Financial close for 97.2 MW Viento Los Hercules wind project in Argentina

Financial close for 97.2 MW Viento Los Hercules wind project in Argentina

🕔Dec 27, 2017

Total Eren has announced the successful financing of the 97.2 MW Vientos Los Hercules wind project in southern Argentina. Non-recourse senior debt was structured by KfW IPEX-Bank.

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CPPIB and Votorantim JV Invest in Brazilian Power

CPPIB and Votorantim JV Invest in Brazilian Power

🕔Dec 26, 2017

Canada Pension Plan Investment Board (CPPIB), a professional investment management organization, and Votorantim Energia, the energy subsidiary of Brazil’s Votorantim Group, announced that they have signed agreements to form a new joint venture focusing on investments and developments in the Brazilian power generation sector.

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EIB lends USD 150m to Enel for solar, wind in Peru

EIB lends USD 150m to Enel for solar, wind in Peru

🕔Dec 26, 2017

The European Investment Bank (EIB) will provide US$150 million to the renewable energy production company Enel Green Power Peru, a local subsidiary of the Enel group, for the construction and operation of a wind farm and a photovoltaic solar plant currently under construction in the Andean country.

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IPPToday #121: Enel wins 618 MW of wind capacity in 3.8 GW tender in Brazil

IPPToday #121: Enel wins 618 MW of wind capacity in 3.8 GW tender in Brazil

🕔Dec 21, 2017

The Power Trading Chamber (CCEE) of Brazil has announced that more than 3,841.6 MW of power supply contracts were awarded in the tender that took place yesterday. Around 572,518,389 MWh were awarded for a total BRL108.46 billion (US$32.96 billion), or an average price of BRL189.45 (US$57.5) per MWh.

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I Squared Capital to acquire Inkia Energy for US$1.2 billion

I Squared Capital to acquire Inkia Energy for US$1.2 billion

🕔Dec 20, 2017

ISQ Global Infrastructure Fund II, which is owned by I Squared Capital, an infrastructure private equity firm based in New York, is acquiring the Latin American and Caribbean businesses of Inkia Energy, a wholly-owned subsidiary of IC Power Ltd., for US$1.2 billion.

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 IPPToday #119: US$2.66 billion transmission projects auctioned in Brazil

IPPToday #119: US$2.66 billion transmission projects auctioned in Brazil

🕔Dec 19, 2017

Brazil's Ministry of Mines and Energy has announced that the winning projects in the power transmission line auction that took place on Friday 15 December represent BRL8.75 billion (US$2.66 billion) in investments.

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IPPToday #117: Largest transmission line goes into operation two months in advance

IPPToday #117: Largest transmission line goes into operation two months in advance

🕔Dec 15, 2017

The first Latin America ±800 kV UHVDC (Ultrahigh-Voltage Direct Current) Electricity Transmission Line came into operation on December, 12th 2017 which drains energy generated by the Belo Monte Power Plant in Xingu (Pará, North of Brazil) to the National Interconnected System (SIN – Sistema Inter Nacional) in the Southeast region. 

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US$12.1 millon contract awarded for 220 kV transmission line in south-east Peru

US$12.1 millon contract awarded for 220 kV transmission line in south-east Peru

🕔Dec 4, 2017

Peru’s infrastructure authority ProInversion has awarded a PPP contract for the design, construction, financing, operation and maintenance of a 220 kV transmission line located in the south of the country.

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International Finance Corporation announce financing for La Castellana wind park

International Finance Corporation announce financing for La Castellana wind park

🕔Dec 4, 2017

The International Finance Corporation (IFC) announced on Wednesday 22 November that it has closed a financial package for the 99 MW La Castellana wind project in Buenos Aires province.

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Brookfield takes majority stake in Colombian gas distributor

Brookfield takes majority stake in Colombian gas distributor

🕔Nov 27, 2017

Through Gas Natural Distribución Latinoamérica, Gas Natural Fenosa has agreed the sale of a 59.1% stake in its Colombian gas distribution business Gas Natural SA ESP to the Canadian fund Brookfield Infrastructure.

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Brazil sets bidding caps for Dec 18 tender

Brazil sets bidding caps for Dec 18 tender

🕔Nov 20, 2017

The National Electric Energy Regulator (Aneel) has been authorized by The Brazilian Ministry of Mines and Energy (MME) to hold two auctions for new power generation projects to be held on December 18, 2017.

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EU to grant EUR 18m for renewables in Cuba - report

EU to grant EUR 18m for renewables in Cuba - report

🕔Nov 17, 2017

The European Union is mulling signing a €18 million (US$ 21 million) financing agreement to support renewable energy in Cuba.

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IPPToday #98: BNDES and IDB sign US$2.4 B loan for infrastructure and sustainable energy projects

IPPToday #98: BNDES and IDB sign US$2.4 B loan for infrastructure and sustainable energy projects

🕔Nov 14, 2017

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.

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Argentina awards 1.3GW power projects

Argentina awards 1.3GW power projects

🕔Nov 13, 2017

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.

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IPPToday #96: Enel Green Power signs Brazilian solar debt

IPPToday #96: Enel Green Power signs Brazilian solar debt

🕔Nov 10, 2017

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.

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IPPToday #86: Argentina sells 117 bidding documents for RenovAr Round 2

IPPToday #86: Argentina sells 117 bidding documents for RenovAr Round 2

🕔Oct 26, 2017

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.

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IIC finances wind farm in Argentina under RenovAr Program

IIC finances wind farm in Argentina under RenovAr Program

🕔Oct 25, 2017

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.

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IPPToday #84: LAP issues USD-412m bond to refinance wind in Chile

IPPToday #84: LAP issues USD-412m bond to refinance wind in Chile

🕔Oct 24, 2017

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.  

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