South america

Norsk Solar has launched the first of six 18MW solar plants in Brazil, with the remaining five to be completed in the next month. This is the first IPP project for Norsk Solar, a 25-year PPA with Órigo Energia, and is located in the state of Minas Gerais.

Uruguay is capitalizing on its renewable energy infrastructure to become a regional leader in green hydrogen. Investors are developing 7 green hydrogen projects, including a $4 billion synthetic gasoline plant. Uruguay's $8B investment in renewable power infrastructure is powering its growth in the renewable energy sector.

Pacific Hydro is investing USD 260 million in its first solar farm in Chile, the 293-MWp Desierto de Atacama solar park project. With the expansion, it will generate 784 GWh of electricity, enough to power 310,000 homes. This project is part of Chile's 'National Energy Strategy 2050' for a 70% clean energy mix by 2050.

EDP Renovaveis SA awarded public tender to develop 323 MW solar-wind hybrid project in Chile, including batteries for energy storage. EDPR to operate the project for over 40 years, delivering environmental, social and economic benefit to the region. 500 MW of renewable energy projects across South American nation.

CITIC Group Corp will invest BRL 2.5 billion to develop a solar project with a capacity exceeding 600 MWp in Brazil, creating 400-500 jobs and supporting the "Minha Casa, Minha Vida" housing programme.

Chile's energy regulator and grid operator have criticized incentives for small plants, but lenders welcomed BlackRock's April deal for its competitive return on equity and low risk in a ESG-focused market.

AES Andes has acquired the 146-MWp Bolero solar park from a 50/50 partnership between EDF EN Chile Holding SpA and also Marubeni Corp (TYO:8002).

Brazilian power energy Companhia Paranaense de Energia (BVMF: CPLE6), much better called Copel, prepares to develop 4.5 MWp of solar plants beside substations to produce energy and also counter a portion of its very own consumption.

The European Investment Bank (EIB) revealed on Friday it is giving a EUR-200-million (USD 215.2 m) lending to Sicredi, a Brazilian participating banks, to fund the application of solar systems on homes, small as well as medium-sized companies, as well as rural properties.

Exclusive equity fund Appian Capital Advisory LLP and also Brazilian renewable energy company Detronic Energia will certainly create a joint venture (JV) to construct 62.4 MWp of solar plants in Brazil's Minas Gerais state.

German solar as well as wind farm driver Blue Elephant Energy GmbH (BEE) has actually obtained a 120-MW portfolio of solar dispersed generation (DG) assets in Chile for an unrevealed sum, increasing its portfolio in the nation to 281 MW.

SOLEK currently possesses a portfolio of about 284MWdc in Chile. It likewise revealed entrance in the US Exclusive Placement market (USPP) with issuance of bonds worth $178 million.

The finances will aid the advancement of solar power projects with a combined capacity of concerning 284 MWdc. These solar projects are owned and run by Solek Holding.

Chile's non-conventional renewables produced 2,328 GWh gross of electrical energy in April, down by 12.7% month-on-month, Chilean national energy commission CNE said in its most current report on the sector.

Brazilian natural gas and power business Eneva SA (B3: ENEV3) has begun complete procedure of the 692.4-MWac Futurta 1 solar photovoltaic or pv (PV) complicated in Bahia state.