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Energy Finance & Investment News in Central and South America

Enel offers US$1.5 billion to win bidding war to acquire Brazil's Eletropaulo

Enel offers US$1.5 billion to win bidding war to acquire Brazil's Eletropaulo

🕔Jun 6, 2018

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.

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Financial close for 51 MW solar project in Jamaica

Financial close for 51 MW solar project in Jamaica

🕔Jun 5, 2018

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.

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Innergex acquires 250 MW hydropower projects in Canada and Chile

Innergex acquires 250 MW hydropower projects in Canada and Chile

🕔May 21, 2018

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.

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IPPToday #215: US$758 million financing secured for first CSP-PV project in Latin America

IPPToday #215: US$758 million financing secured for first CSP-PV project in Latin America

🕔May 21, 2018

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.

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Brazil to auction transmission projects spanning 2,600km

Brazil to auction transmission projects spanning 2,600km

🕔May 18, 2018

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.

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Seabased to develop 40 MW wave energy project in the Caribbean

Seabased to develop 40 MW wave energy project in the Caribbean

🕔May 16, 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.

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IPPToday #208: AES and Strabag agree new contract for US$3 billion hydropower project in Chile

IPPToday #208: AES and Strabag agree new contract for US$3 billion hydropower project in Chile

🕔May 9, 2018

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.

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IPPToday #200: Acciona to invest US$600 million in renewable projects in Chile

IPPToday #200: Acciona to invest US$600 million in renewable projects in Chile

🕔Apr 26, 2018

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.

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FMO and DEG finance solar project in the Dominican Republic

FMO and DEG finance solar project in the Dominican Republic

🕔Apr 26, 2018

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.

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IPPToday #198: US$1.5 billion raised for LNG-to-power project in Brazil

IPPToday #198: US$1.5 billion raised for LNG-to-power project in Brazil

🕔Apr 24, 2018

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.

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IDB finances 80 MW solar project in Argentina

IDB finances 80 MW solar project in Argentina

🕔Apr 20, 2018

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.

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Financing secured for expansion of power plant in Chile

Financing secured for expansion of power plant in Chile

🕔Apr 13, 2018

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.

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IPPToday #190: Canadian Solar wins 364 MW of 1 GW awarded in A-4 auction in Brazil

IPPToday #190: Canadian Solar wins 364 MW of 1 GW awarded in A-4 auction in Brazil

🕔Apr 11, 2018

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.

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MPC Capital announces partnership with Martifer Renewables

MPC Capital announces partnership with Martifer Renewables

🕔Apr 2, 2018

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.

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Brazil announces installation of 1,028 MW through Avancar Energia programme

Brazil announces installation of 1,028 MW through Avancar Energia programme

🕔Mar 27, 2018

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).

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Government of Peru signs co-operation agreement with Netherlands' Energy Research Centre

Government of Peru signs co-operation agreement with Netherlands' Energy Research Centre

🕔Mar 26, 2018

The Ministry of Energy and Mines (MEM) of the Government of Peru has signed a Framework Cooperation Agreement with the Energy Research Centre of the Netherlands (ECN) in order to promote planning and action on energy efficiency, as well as the generation and use of renewable energies, with the aim of stimulating sustainable economic and energy development in Peru.

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World Bank to guarantee renewable projects in Argentina

World Bank to guarantee renewable projects in Argentina

🕔Mar 23, 2018

The World Bank (WB) Board of Executive Directors has approved a new US$250 million guarantee for projects being developed under the Argentine Ministry of Energy and Mining’s RenovAr Program, via the Renewable Energy Fund (FODER, in Spanish).

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IPPToday #179: IFC and Amundi close US$1.4 billion green bond fund

IPPToday #179: IFC and Amundi close US$1.4 billion green bond fund

🕔Mar 22, 2018

IFC, a member of the World Bank Group, and Amundi, Europe’s largest asset manager, have announced the successful launch of the world’s largest targeted green bond fund focused on emerging markets, the Amundi Planet Emerging Green One (EGO).

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Brookfield Infrastructure sells stake in largest transmission business in Chile for US$1.3 billion

Brookfield Infrastructure sells stake in largest transmission business in Chile for US$1.3 billion

🕔Mar 21, 2018

Brookfield Infrastructure has announced that it has completed the sale of its approximate 27.8% interest in ETC Transmission Holdings, S.L. to China Southern Power Grid International (HK) Co., Ltd. for US$1.3 billion.

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Argentina to tender 1 GW renewable projects later this year

Argentina to tender 1 GW renewable projects later this year

🕔Mar 14, 2018

Argentina's Minister of Energy, Juan José Aranguren, has reportedly disclosed that the Ministry will launch the third tender in its RenovAr programme in September or October this year. The tender will be similar in scope and format to that of Round 2, through which the Ministry awarded contracts for 1.4 GW renewable capacity in November 2017.

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