IDB Invest, a member of the IDB Group, has provided a $67 million financial package for Tealov S.R.L (Tealov), a Uruguayan special purpose company (SPV) sponsored by Invenergy Renewables Global LLC (Invenergy) to develop the Cardal Transmission Project in Uruguay. The financial package includes a $11.5 million loan and a $55.5 million B-bond, acquired in
The United States Ambassador to Antigua and Barbuda and the Eastern Caribbean, Linda Taglialatela hailed the collaboration of American company Eagle LNG and Antiguan companies Antigua Power Company (APC) and the Antigua Public Utilities Authority (APUA) in what will be the island’s first power plant integrating natural gas infrastructure and power generation. Source The post
Natural gas has become an essential source of power generation, particularly on the Caribbean coast. In an IHS Markit report released in March 2021, it revealed that the Andean countries (Colombia, Ecuador, Peru and Venezuela) would see an increase in gas demand from 54 million cubic meters per day in 2020 to 177 million cubic
The Economic Commission for Latin America and the Caribbean (ECLAC) says the region has all the right conditions to become a renewable energy hub with great potential in green hydrogen. “Several countries in Latin America and the Caribbean have advantages for entering this market because their electricity matrices are relatively clean or are in the
Colombia will launch plans in September to develop the production and use of hydrogen as a long-term clean energy source, the Minister of Mines and Energy said on Tuesday, while voicing hope this year’s oil and gas auction will be successful. Source The post Colombia to launch road map to develop hydrogen as fuel
Neoenergia and Brazil’s Pernambuco State Government signed today (6/10) a Memorandum of Understanding (MOU) to build cooperation for the development of a pilot project for green hydrogen production at the Suape Port – Complexo Industrial Portuário Governador Eraldo Gueiros. The initiative expects to find opportunities to enable demand for the product and prepare Suape Port
Elera Renováveis plans to invest almost 4bn reais (US$790mn) in Brazilian hydro, solar and wind power projects in 2021-22, a company spokesperson announced. Source The post Brazil’s Elera to invest US$790M in renewables appeared first on New Energy Events.
Chile on Tuesday inaugurated Latin America’s first-ever thermosolar energy plant, a vast complex dubbed Cerro Dominador in the Atacama desert that gives a boost to the country’s quest for carbon-neutrality by 2050. Source The post Chile inaugurates Latin America’s first thermosolar plant appeared first on New Energy Events.
MPC Energy Solutions N.V. has signed the acquisition of a 3.4 MW Combined Heat and Power (CHP) project in Puerto Rico. The project will sell the produced heat and power under a 12-year USD-denominated energy service agreement to an unnamed pharmaceutical company. Source The post MPC Energy Solutions invests in cogeneration in Puerto Rico appeared
Washington DC-based waste-to-hydrogen company SGH2 Energy will supply 3,850 tonnes of “greener-than-green” H2 annually to two of California’s largest owners and operators of hydrogen refueling stations under a ten-year contract. SGH2 claims the deal, whose financial terms were not released, is the first and only long-term green hydrogen off-take agreement thus far globally. “The world