Brazil's renewable power generation company Renova Energia SA has announced it has canceled 188.2 MW of wind projects in Brazil.
Energy Finance & Investment News in Central and South America
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.
A federal court suspended the operating license for Brazil's 11.2 GW Belo Monte hydroelectric plant following allegations that the project's owners did not meet environmental requirements.
South America’s first geothermal power plant Cerro Pabellón, which was built by the Enel Group’s renewable energy subsidiary Enel Green Power Chile Ltda. and Chile’s state-owned hydrocarbons company Empresa Nacional del Petróleo, has started delivering electricity to the Norte Grande Interconnected System that serves northern Chile.
On March 24, the Japan International Cooperation Agency (JICA) signed a loan agreement with the Government of the Plurinational State of Bolivia in La Paz to provide a Japanese ODA loan of up to JPY61.485 billion (US$552.53 million) for the Laguna Colorada Geothermal Power Plant Construction Project (Second Stage).
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.
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.