Energy Finance & Investment News in Central and South America
IPPToday #58: Argentina's province of Jujuy launches green bond for largest PV complex in the country
The Argentina's province of Jujuy has launched a US$210 million green bond aimed to co-finance the development of the 300 MW Cauchari solar project, which was selected in the first round of Argentina's renewable energy auction, RenovAr 1.
Connor, Clark & Lunn Infrastructure (CC&L Infrastructure) has announced that it has entered into binding agreements to acquire 15 construction-stage, ground mount solar projects in Chile aggregating approximately 65 MW of capacity.
Renova Energia S.A. has signed an agreement to sell its rights and obligations related to the 605-MW Umburanas wind farm complex project in Brazil’s Bahia state to Engie Brasil Energia S.A.
The Government of Argentina has launched the RenovAr Ronda 2 national auction, comprising 1,200 MW of renewable energy capacity.
Brazil's Companhia Hidro Elétrica do São Francisco (Chesf) has completed all the electric power transmission works required to lease the production of the wind farms operating in the Northeast of the country.
The Inter-American Investment Corporation (IIC), the private sector arm of the Inter-American Development Bank Group, has closed a US$135 million project finance loan to Aela Energía for the construction, operation and maintenance of three wind projects located in the Atacama, Los Lagos and Bio-Bio regions of Chile.
Invenergy has announced that its 70 MW Campo Palomas wind project, located in the Salto Department of Uruguay, issued investment-grade rated project bonds (Baa3 / Moody’s) for approximately US$135.8 million in the US Private Placement Market.
AES Tiete Energia SA, the brazilian power producer, has concluded the acquisition of the totality of shares of Nova Energia Holding S.A., holder, through Renova, of the Alto Sertão II Wind Farm.
ANEEL, the Brazilian Electricity Regulatory Agency has announced an unusual tender aimed to eliminate part of the excess capacity that Brazil has at the moment. The auction involves the termination of 4,248.5 MW of wind, solar and hydropower projects.
WSP Global Inc. has announced that it is pursuing its expansion in Latin America through the acquisition of Poch, a 730-employee professional services firm based in Chile. The firm has additional offices in Peru, Colombia and Mexico.
Sojitz Corporation has concluded a joint venture along with Shikoku Electric Power and Eiffage SA, to participate in the Huatacondo solar independent power producer project (IPP) in Chile.
Argentina’s Federal Energy Council has unanimous given the go-ahead for the development of the stalled 1,310-MW Nestor Kirchner–Jorge Cepernic hydropower complex planned for Santa Cruz River in Argentina.
EDF Energies Nouvelles has acquired an 80% interest in the Pirapora II photovoltaic project from Canadian Solar Inc., which is retaining a 20% stake and manufacturing the photovoltaic panels at its local plant.
The Inter-American Investment Corporation (IIC), acting on behalf of the Inter-American Development Bank (IDB) Group, has disbursed a US$120 million financing package to Areaflin, S.A. to support the construction, operation, and maintenance of the Valentines Wind Farm in Uruguay.
The Peruvian Private Investment Promotion Agency (ProInversión) has awarded to the Italian based company Terna Plus the concession contract for the Aguaytía-Pucallpa Transmission project under a PPP basis.
Brazil's renewable power generation company Renova Energia SA has announced it has canceled 188.2 MW of wind projects in Brazil.
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.