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Renewable developer Verano Energy has plans to build a 140MW solar project in Chile. The project, called Tamarugal del Verano, has been submitted for permitting and includes a battery energy storage system, a substation, and a transmission line. Construction is expected to begin in September 2026, with commercial operations starting in November 2027. Verano Energy also has a 1.6GW development pipeline of solar projects in Chile, including the recently submitted 400MW Carolina solar project and the Amigos del Verano green hydrogen project in Antofagasta. [Extracted from the article]

Exus Management Partners and Glencore have formed a joint venture called GenuX to develop renewable energy projects in Mexico and Colombia. The venture is currently working on a pipeline of wind and solar projects with a total capacity of close to 4GW. The first projects are expected to be ready for construction by 2026. GenuX also has plans to expand in Chile, Peru, and eventually Brazil. Exus, based in Madrid, already operates an 11GW portfolio of wind and solar projects globally. [Extracted from the article]

Spanish developer Solarig is planning a $45 million solar-plus-storage asset in the Valparaíso region of Chile. The project, called Comunidad solar, has received qualification status from Chile's Environmental Evaluation Service. It includes a 9MW solar generation plant, a 94MWh battery energy storage system, and a 3.75km transmission line. Construction is expected to begin in June 2026, with the project coming online in January 2027. Solarig is a Madrid-based company that develops solar projects and manages over 10GW of projects worldwide. [Extracted from the article]

Argentine renewable developer Genneia has signed a 10-year power purchase agreement (PPA) with agribusiness company Bunge. Starting in March 2024, Genneia will supply renewable power to Bunge's production plants in various locations in Argentina. This agreement will allow Bunge to cover 40% of its total energy consumption in Argentina with renewable sources. Genneia will provide the renewable energy from its portfolio of 7 wind farms and 3 solar projects, which have a combined capacity of over 1GW. Genneia's CEO, Bernardo Andrews, expressed pride in supporting Bunge's energy transition and strengthening their leadership in the corporate market. [Extracted from the article]

Brazilian developer Faro Energy has successfully raised R$320 million ($64.4 million) in bonds for distributed solar generation projects in Brazil. The bonds, which are rated AAA by Fitch Ratings, will mature in 2038. This is the largest issuance ever for solar distributed generation in Brazil. The funds will be used to finance 71 solar projects across 14 states in Brazil, with the goal of becoming fully operational by June 2024. Faro Energy currently operates 100MW of distributed generation projects in Brazil and aims to reach 230MW by 2025. The issuance was coordinated by BTG Pactual and Santander. [Extracted from the article]

ISA CTEEP, a Brazilian transmission company, has committed to investing $1 billion in transmission projects in Brazil by 2029. The company plans to develop four projects, totaling 1,400km of power lines, primarily in the state of Minas Gerais. These projects aim to improve the reliability of the grid and increase the integration of renewable energy sources. ISA CTEEP currently operates in 18 Brazilian states with 18,000km of transmission lines and has an additional 3,400km under construction. Brazil's National Electric Energy Agency is expected to hold a transmission auction next month for close to 6,500km of new transmission lines. [Extracted from the article]

Enel Green Power, an Italian company, has begun operating its La Loma solar project in Colombia. The project, located in the department of Cesar, has a capacity of 187MW and will generate 420GWh of electricity annually, enough to power approximately 600,000 people. The construction of the project required an investment of $126 million and began in March 2021. Enel Green Power currently operates over 3.5GW of hydro and solar capacity in Colombia and has additional projects, including the Guayepo I & II projects, under construction. The company has outlined plans to invest $1.5 billion in renewable generation from 2024 to 2026, with a focus on adding 1.5GW of wind and solar capacity in Colombia. [Extracted from the article]

MPC Energy Solutions (MPCES) is nearing financial close on a solar project in Guatemala. The San Patricio project, with an installed capacity of 66MW, is ready to be built and has a budget of $45-50 million. The financing for the project includes a non-recourse loan from a regional bank and equity from MPC. The project has a private power purchase agreement with local sugarcane company Ingenio Magdalena. This is MPCES's first project in Guatemala, and they have a portfolio of operational projects in Central America and the Caribbean. [Extracted from the article]

Cemig-D, a Brazilian utility's distribution business, plans to issue R$2 billion ($402 million) in bonds on February 15, 2024. The bonds will be issued in two series, with one maturing in 2029 and the other in 2034. The proceeds from the first series will be used for sustainable investments and working capital, while the second series will be used to refinance projects carried out in Minas Gerais. The transaction is being coordinated by Banco Votorantim, with legal advisors from Monteiro Rusu and Lobo de Rizzo. [Extracted from the article]

Spanish construction group Grupo ACS, through its subsidiary Dragados, has secured $188.6 million in senior secured green financing from Natixis CIB for the development of three transmission lines in Peru. The projects involve the construction, operation, and maintenance of 312km of power lines in northwestern and central Peru to support the integration of renewable energy into the country's electricity grid. The financing will help meet Peru's ambitious energy transition targets and address the increasing importance of transmission infrastructure in the region. Dragados is involved in various sectors, including transportation, power generation, transmission, and water treatment. [Extracted from the article]

EDP Brasil has extended its power purchase agreement (PPA) with Banco do Brasil for an additional 5 years. The agreement stipulates that EDP will supply around 97,000MWh of output per year from 2024 to 2029 to 74 Banco do Brasil branches across Brazil. This output will come from EDP's 2.9GW portfolio of assets in Brazil, including the country's largest wind complex. EDP and Banco do Brasil initially signed an agreement in 2018, and this extension aligns with EDP's strategy to maintain its position as a leader in the retail market. [Extracted from the article]

Jamaica Public Service Company (JPS) has secured a $100 million financing package from IDB Invest, a development finance institution. The funds will be used for JPS's 2024 capital investment program, which aims to modernize Jamaica's electricity grid and expand access to electricity through smart meter deployment, transmission and distribution improvement, and upgrades. The financing will also support JPS's digital transformation, electric vehicle infrastructure development, and the implementation of 17 new EV charging stations. JPS is majority-owned by Japan's Marubeni and Korea East-West Power and operates gas-fired power stations, hydroelectric plants, and a wind farm, serving nearly 700,000 customers in Jamaica. [Extracted from the article]

Argentine power generator Albanesi Energía plans to issue bonds in the local market, with a total value of up to $50 million. The bonds will include two peso-denominated bonds maturing in 2025 and 2026, as well as one dollar-denominated bond with a 30-month maturity. The funds raised from the bond issuance will be used for financing assets, working capital, and refinancing the company's debt. Albanesi Energía operates the Timbues power plant in the province of Santa Fe and is part of Grupo Albanesi, which operates a total of nine power plants in Argentina. The structuring agents for the bonds are SBS Capital and Banco BST, with legal advice provided by Salaverri, Burgio & Wetzler Malbrán for Albanesi Energía and Tavarone, Rovelli, Salim & Miani for the structuring and placement agents. [Extracted from the article]

Santiago-based renewables developer Eactiva is planning to develop two solar-plus-storage projects in Chile. The Nueva Paillaco project will have a capacity of 7MW and a 4-hour battery energy storage system (BESS), while the Los Alamos project will include a 9MW solar plant and an 18MWh BESS. Both projects are expected to be completed by December 2025 and will qualify as PMGD projects. Eactiva has several other PMGD projects in development across Chile. [Extracted from the article]

Peru's investment promotion agency, ProInversión, is launching a tender for four transmission P3 projects, with a total investment of $137 million. These projects aim to improve the reliability of networks and increase electricity transmission capacity, benefiting 2.3 million people in the departments of Lima, Arequipa, Apurímac, and Puno. The projects include the construction of substations, transmission lines, and expansions. This initiative is part of the agency's 18-project portfolio under the Ministry of Energy and Mines' 2023-2032 Transmission Plan. [Extracted from the article]

Brazilian energy and sugar company Raizen has partnered with e-mobility company BYD to accelerate sustainable electric mobility in Brazil. The partnership aims to democratize access to e-mobility by creating hubs in eight state capitals, including Sao Paulo and Rio de Janeiro, and adding 600 new electric vehicle charging stations powered by renewable energy. Raizen, which is controlled by Shell and Cosan, is based in São Paulo and is involved in the production of ethanol, bioelectricity, and sugar, as well as fuel distribution and e-mobility. In December 2023, Raizen acquired over 200 electric charging stations from Brazilian start-up Tupinambá. [Extracted from the article]

Chile's National Electric Coordinator (CEN) has released its 2024 plan to expand the transmission system in the country. The plan includes 91 transmission initiatives with a total investment of over $1 billion. These initiatives consist of 13 national transmission projects worth $501 million and 78 local projects worth $503 million. The projects aim to address transmission bottleneck issues and accommodate the expected growth in renewable energy capacity, including solar and wind sources. [Extracted from the article]

Chilean utility company Colbún has signed a 15-year power purchase agreement (PPA) with mining company Antofagasta Minerals's subsidiary Minera Centinela. Under the agreement, Colbún will supply up to 912GWh of renewable energy to power the Nueva Centinela mining project starting in 2025. This PPA is one of the largest agreements in terms of capacity that Colbún has ever signed. The renewable energy will come from Colbún's hydroelectric and solar assets, and the company is also developing Chile's largest wind project, the Horizonte wind farm. Colbún has recently signed several other PPAs with different companies. [Extracted from the article]

Spanish renewable developer Grenergy is selling 174MW of wind and solar assets in Peru. The company is selling its 97MW Matarani solar project to Yinson Renewables for $90 million, with Grenergy providing construction and maintenance services. The Matarani project is expected to be operational in Q3 2024 and has secured an offtaker for most of its output for the next 15 years. Grenergy is also selling 77MW of wind assets in Cajamarca to Engie for $60 million, with the potential for an additional $3 million if certain milestones are met. Grenergy has been active in Peru since 2016 and has a solar portfolio of over 700MW in various stages of development. [Extracted from the article]

Chilean developer Celtic Solar Group is planning to develop a second solar project in the Antofagasta region for Greek company Mytilineos. The Tamarico Fase II project includes a 159MW solar project with a battery energy storage system, a substation, and a transmission line. Construction is expected to start in March 2027, with commercial operation scheduled for September 2028. The project is estimated to cost $250 million. Celtic Solar Group also developed the first Tamarico project, a 152MW solar asset, which is set to become operational in Q2 2024. [Extracted from the article]

Fabrizio Barderi, the CEO of Enel Chile, has resigned from his position after nearly 2 years. Barderi had been with the company since 2001 and held various leadership roles in Europe and Latin America. Enel Chile has not yet named a replacement for Barderi. The company has a portfolio of 8.4GW of assets, with 76% of them being renewable. Enel Chile aims to achieve 80% renewable generation by 2030 and carbon neutrality by 2050. In addition, Enel recently made changes in Brazil, appointing Antônio Scala as the new CEO of its Brazilian branch. [Extracted from the article]

Potengi Holdings, a joint venture between AES Brasil and BRF, is planning to issue R$300 million ($60m) in bonds for wind projects in Brazil. The bonds, which are guaranteed by both AES Brasil and BRF, have been rated AA(bra) by Fitch Ratings and will yield 7.37%. The proceeds from the bond issuance will be used to refinance several wind farms within the 1.3GW Cajuina wind complex in the state of Rio Grande do Norte. AES and BRF previously agreed to develop 165MW of the complex together, with BRF purchasing 80MW of power under a 15-year agreement. The coordinators for the bond issuance are UBS BB and XP. [Extracted from the article]

Serena, formerly known as Omega Energia, has secured financing from Sudene's Northeast Development Fund (FDNE) for its Assuruá 5 wind project in Brazil. The FDNE has released an initial installment of R$83.8 million ($17 million) out of the total R$123 million it will contribute to the R$208 million project. The funds will be used for the Assuruá 5 VI project, which has an installed capacity of 34.8MW and is part of the larger Assuruá 5 wind complex in Bahia. Serena acquired full ownership of the complex in 2022 and currently operates over 2,400MW of renewable capacity in Brazil. They have also recently expanded into the US renewables market with a wind farm in Texas. [Extracted from the article]

Energía de Colombia SAS ESP has requested a loan from IDB Invest to refinance a transmission project in Colombia. The project, called the STR Barranquilla Line, aims to improve the electricity supply and reliability in the cities of Barranquilla and Soledad. It involves the construction of a substation, underground high voltage line, and the expansion and modernization of substations. The project was originally funded through a medium-term financing structure and was won by Energía de Colombia SAS ESP in a 2020 auction. IDB Invest is expected to make a decision on the loan by May 21, 2024. Energía de Colombia SAS ESP is owned by Grupo Ortiz and COFIDES. [Extracted from the article]

Chilean utility company Colbún has received approval to begin construction on its Celda Solar project in the Arica y Parinacota region of Chile. The $450 million project includes a 422MW solar generation asset with a 5-hour battery energy storage system, a substation, and a transmission line. The construction will be carried out in two phases, each taking approximately two years to complete. Once operational, the project is expected to generate 1,100GWh of output per year. Colbún currently operates hydroelectric and solar assets in Chile and is awaiting permits for additional wind projects. [Extracted from the article]

Chile's national oil company, ENAP, has signed a memorandum of understanding (MoU) with TEG Chile to explore the development of green hydrogen in Chile. The agreement will involve evaluating opportunities to integrate ENAP's infrastructure and services to support TEG Chile's green hydrogen and ammonia production in Tierra del Fuego. If successful, the agreement could lead to a more comprehensive partnership to implement the project. TEG Chile is currently developing the Gente Grande project, a 3GW green hydrogen production plant that aims to produce up to 1.4 million tons of ammonia annually using wind energy. ENAP sees this agreement as an important step in their efforts to collaborate with companies involved in green hydrogen projects. [Extracted from the article]

Spanish renewable developer Grenergy has signed a 15-year hybrid power purchase agreement (PPA) for its Oasis storage project in Chile. The agreement will see Grenergy supply approximately 8TWh of output to an undisclosed international utility starting in Q2 2026. The Oasis de Atacama project, located in the north of Chile, is set to be the largest storage project in the world once operational in 2025, with a storage capacity of 4.1GWh and close to 1GW of solar capacity. Grenergy has also recently signed agreements for additional capacity with heightech multinational company BYD and renewable energy trading company EMOAC. In Chile, Grenergy has 500MW under construction and 3.3GW of solar and wind projects under development, along with 4GWh of battery storage. [Extracted from the article]

Valia Energía, a power generation company backed by Actis, has issued $530 million in project bonds in Mexico. The 15-year issuance was oversubscribed by 5.2 times and attracted 111 institutional investors globally. The bonds were rated Baa3 and BBB by Moody's and S&P, respectively. Valia Energía operates a 3.2GW portfolio of gas-fired assets in Mexico and acquired EVM Energía last July, adding 850MW of capacity to its portfolio. The parent company Actis is set to be acquired by General Atlantic, creating a global investment platform with about $96 billion in combined assets under management. [Extracted from the article]

Atlas Renewable Energy has announced the appointment of Iván Jara Carrasco as their new Chief Operating Officer (COO). Jara, who previously served as the head of engineering, procurement, and construction (EPC) at the company, brings extensive experience in the renewable energy sector, including his time at SunEdison. Additionally, Alex Monzó has been promoted to Head of Execution, having joined Atlas in 2022 as Senior VP of Global Execution. With a portfolio of 4GW of projects across Latin America, Atlas Renewable Energy continues to expand its presence in the region. [Extracted from the article]

Chilean company Inversiones Latin America Power (ILAP) has successfully completed its Chapter 11 restructuring process. ILAP filed for Chapter 11 in November 2023 after facing difficulties in servicing its debt due to disruptions in the Chilean energy market. Through a prepackaged plan of reorganization, ILAP has achieved a sustainable capital structure by reducing cash interest and obtaining new financing. The company's sponsors, who still own 100% of its equity, plan to sell ILAP by the end of 2025. ILAP operates two wind farms in Chile, the San Juan project with an installed capacity of 193MW and the Totoral project with 46MW. [Extracted from the article]

Power company Grupo Energisa has launched a $405 million share offering in Brazil. The offering includes the distribution of common and preferred shares, with the possibility of increasing the number of shares to meet excess demand. The company's controlling shareholder, Gipar, is expected to participate in the offering to maintain its stake in the company. The pricing of the offering is scheduled for January 29, 2024, with the transaction set to close in February 2024. Energisa operates in the distribution and transmission sectors, serving approximately 8.5 million consumers in Brazil, and also has a subsidiary involved in renewable generation and commercialization. Itaú BBA is the lead coordinator for the issuance, with other coordinators including Bank of America, JP Morgan, Bradesco BBI, BTG Pactual, Citigroup Brasil, Scotiabank, and Santander. [Extracted from the article]

Chilean utility company Colbún has announced plans to add a 360MW wind project to its development pipeline in Chile. The Quatro Vientos wind project, located in the region of Antofagasta, has been submitted to Chile's Environmental Evaluation Service for approval. The project is expected to generate approximately 800GWh of output per year and will involve the construction of a substation and a 15km transmission line. Construction is scheduled to begin in May 2026, with the project becoming operational in the first half of 2028. Colbún currently operates close to 1.9GW of hydro and solar assets in Chile and is also working on the Horizonte wind project and the Junquillos wind project. [Extracted from the article]

MPC Caribbean Clean Energy Fund has secured financial close for the Monte Plata solar project in the Dominican Republic. The project received a $57.9 million long-term facility from Cifi Latam, Cifi Sustainable Infrastructure Debt Fund, and Dutch development bank FMO. The solar project, which includes a 42.2MW expansion currently under construction, is expected to generate 116,000MWh annually once fully operational by the end of 2024. Phase 1 of the project has been operational since 2016 and sells its output under a 20-year US-dollar denominated PPA to the state-owned Dominican Corporation of State Electrical Companies, while Phase 2 will sell its output under a 15-year US-dollar denominated PPA to Empresa Distribuidora de Electricidad del Este (EDEEste). [Extracted from the article]

Colombian oil and gas company Ecopetrol has successfully raised $1.85 billion in bonds, which will primarily be used to refinance existing notes. The 12-year issuance, listed on the NYSE, attracted significant interest from investors across the US, Europe, Asia, and Latin America. The bonds have an interest rate of 8.735% and were rated Baa3, BB+, and BB+ by Moody's, S&P, and Fitch respectively. The funds raised will be used to repurchase Ecopetrol's outstanding 4.125% notes due in 2025 and finance other company expenses. Ecopetrol is headquartered in Bogotá and operates in various sectors, including oil and gas, transmission, telecoms, and renewable energy. The company is also focusing on energy transition projects, with investments of $2.27 to $2.66 billion planned for 2024. Additionally, Ecopetrol's subsidiary, Interconexión Eléctrica SA (ISA), aims to expand its transmission network with an investment of $1.46 billion by 2026, adding 2,500km of new power lines across Latin America. The joint bookrunners for the bond issuance were BBVA, Bank of America Securities, and Citi. [Extracted from the article]

Argentine renewables developer Hychico has submitted a wind project for environmental review in Chile. The Los Coihues project includes a 338MW wind project, a substation, and a transmission line. The project will be carried out in two phases, with the first phase scheduled to start in 2026 and become operational in 2028. The remaining phase will begin in 2029 for a 2031 completion date. Hychico is a green hydrogen technology developer based in Buenos Aires and has two pilot projects in Argentina. [Extracted from the article]

EnfraGen, a renewable developer, has established its regional headquarters for Central America in Panama City, Panama. The company already operates 168MW of renewable capacity in Panama, including run-of-hydro and solar assets. In November 2023, EnfraGen acquired 6 renewable assets totaling 118MW from Colombian power company Celsia in Central America, which include hydro, solar, and wind plants. EnfraGen's CEO for Central America, James Pontiff, expressed the company's commitment to investing further in renewable energy in Panama, including the construction of new solar plants. EnfraGen is jointly owned by Glenfarne Energy Transition and Partners Group and operates in Chile, Colombia, Panama, and Costa Rica. [Extracted from the article]

The Government of Ceará in Brazil has signed a Memorandum of Understanding (MoU) with BP to support the development of green hydrogen in the state. BP will explore opportunities to build a green hydrogen production plant and related derivatives, such as green ammonia, within the Port of Pecém industrial complex. This agreement is part of Ceará's efforts to develop the green hydrogen production chain, with a total of 36 MoUs signed with national and foreign companies. BP is already active in various sectors in Brazil, including oil and gas, biofuels, and power generation. [Extracted from the article]

Casa dos Ventos and ArcelorMittal have secured financing from development bank BNDES for a wind complex they are co-developing in Brazil. BNDES will provide R$3.16 billion ($643m) in financing, covering 80% of the total investment needed for the project. The Babilônia Centro wind complex, scheduled to begin operations in October 2025, will have an installed capacity of 553.5MW and will supply around 40% of ArcelorMittal's energy consumption in Brazil. This financing represents the largest ever provided by BNDES to a renewable project. Casa dos Ventos has a significant pipeline of wind projects under development in Brazil and has recently partnered with Petrobras and TotalEnergies for further opportunities in renewable energy. [Extracted from the article]

Atlas Renewable Energy has signed a 15-year self-production power purchase agreement (PPA) with Votorantim Cimentos, a cement company in Brazil. Under the agreement, Atlas will provide 100MW of solar energy to power Votorantim Cimentos' production units and distribution centers in the south, southeast, and midwest regions of Brazil. The energy will come from the Luiz Carlos solar project in Minas Gerais, which will have an installed capacity of 787MW. This partnership aligns with Votorantim Cimentos' goal of sourcing 45% of its global energy consumption from renewable sources by 2030, and it will increase the company's clean energy consumption in Brazil to 75%. Atlas Renewable Energy has a portfolio of 4GW of projects across Latin America. [Extracted from the article]

Cubico Sustainable Investments has hired Ramon Salcedo as the head of origination and execution for Latin America. Salcedo previously worked at SPIC's Mexican renewable subsidiary Zuma Energia for 7 years, holding various leadership positions. Cubico is active in Brazil, Colombia, Mexico, and Uruguay, and recently acquired three operational renewable projects in Uruguay. The company has a global portfolio of over 7GW of operational and in-development projects and is owned by Ontario Teachers' Pension Plan and PSP Investments. [Extracted from the article]

Greek metals and energy company Mytilineos has secured financial close for a 588MW solar portfolio in Chile. The $377 million debt package includes construction and term facilities, letter of credit facilities, and a VAT facility. Lenders on the transaction include BNP Paribas, Intesa San Paolo, SMBC, Rabobank, and Santander Chile. The portfolio consists of four solar projects, with a total annual generation of 1.6TWh. Mytilineos plans to expand its presence in Chile in the future. [Extracted from the article]

Brazilian renewable developer Echoenergia has appointed Liu Aquino as its new chief executive, replacing Tinn Amado who resigned after leading the company for almost 2 years. Aquino previously served as the chief operating officer of Echoenergia for 7 years, overseeing the construction and management of renewable projects and expanding the company's generation capacity. Echoenergia, founded in 2017, operates in several states in Brazil and has over 1.2GW of wind projects in operation, making it one of the largest wind developers in the country. The company was acquired by Grupo Equatorial in 2022 for approximately $1.4 billion. [Extracted from the article]

Andes Solar, a developer based in Santiago, Chile, is planning a 234MW solar-plus-storage project called Andino Longotoma in the Valparaíso region. The project, which includes a battery energy storage system, a substation, and a transmission line, has been submitted for environmental permitting. Construction is set to begin in September 2026, with commercial operation expected by December 2027. Andes Solar is known for developing both PMGD and utility-scale solar projects in Chile, including the Andino Los Maitenes and Andino Las Pataguas projects. The project is estimated to require $200 million in funding. [Extracted from the article]

Hydrogène de France (HDF) and Rubis have requested a $35 million loan from IDB Invest for a green hydrogen project in Barbados. The project, called Renewstable Barbados, includes a 50MW solar project, a 15MW battery energy storage system, and a hydrogen production plant with a total capacity of 16MW. It is expected to come online in July 2025 and will be fully contracted through a 25-year power purchase agreement with Barbados Light and Power Company. The UN's Green Climate Fund has agreed to contribute $41 million to the project, and IDB Invest is expected to make a decision on the loan in April 2024. Rubis acquired a 51% stake in the project in February 2022. [Extracted from the article]

I Squared Capital, an infrastructure investment manager, has agreed to acquire a 49% stake in Órigo Energia, a distributed generation company in Brazil. The investment will provide up to $400 million for the construction of over 2GW of solar projects across 20 states in Brazil. This marks I Squared's first direct investment in Brazil since opening its São Paulo office last month. The transaction is expected to close in the first quarter of 2024. Órigo Energia currently operates 300MWp of DG solar assets and serves over 100,000 customers in several states in Brazil. [Extracted from the article]

Elera Renováveis, a renewable energy developer backed by Brookfield, is expanding its Janaúba solar complex in Brazil. The expansion will add 422MW to the complex, bringing its total installed capacity to 1.6GW, with an investment of R$1.2 billion ($246m). The complex, located in the state of Minas Gerais, became operational in July 2023, and the expansion is expected to be completed by 2025. Elera Renováveis currently has 3.3GW of installed capacity across various renewable energy assets in Brazil. [Extracted from the article]

Investment firm Fibra Orión has acquired its first energy project in Mexico, purchasing all the shares in Fuerza Eólica de San Matías, which owns the San Matías wind project. The wind project is a 30MW operational asset located in Baja California and was developed as a joint venture between Cementos Mexicanos (Cemex) and Pattern Development. Fibra Orión sees this acquisition as an opportunity to promote renewable energies in the electricity sector. Advisors to Fibra Orión for this acquisition were Exus Management Partners for financial advice and Cuatrecasas for legal advice. [Extracted from the article]

Brazil's Eletrobras has completed the sale of its last coal-fired power plant, the Candiota plant, to Âmbar Energia for R$72 million ($14.4m). The sale of the plant, which has an installed capacity of 350MW and has been in operation since 2011, is part of Eletrobras' goal to achieve net zero emissions by 2030. Eletrobras operates a significant portion of Brazil's total installed capacity, with over 42,500MW of hydro, wind, solar, and thermal assets. Âmbar Energia, on the other hand, operates gas-fired power plants, gas pipelines, and power lines in Brazil. [Extracted from the article]

Australian renewable energy company Pacific Hydro has announced plans to develop a solar project in Chile. The Don Patricio project, located in the metropolitan region of Santiago, has an installed capacity of 200MW and includes the construction of a substation, transmission line, and battery energy storage system. Construction is set to begin in December 2024, with commercial operations expected to start in March 2026. Pacific Hydro currently operates 1,300MW of hydro, solar, and wind assets in Chile and has other projects in development, including the Solar Wing project. [Extracted from the article]

Spanish renewable developer Solarpack and French asset manager Ardian have decided to split their joint venture (JV) of solar portfolios in Chile and Peru. Solarpack will retain full ownership of the Panamericana and Moquegua solar projects in Peru, while Ardian will keep the Tacna solar project in Peru and a portfolio of three plants in northern Chile. This reconfiguration allows Ardian to gain full ownership of these solar plants and integrate them into their renewable energy portfolio. Solarpack is active in various Latin American countries, including Chile, Ecuador, and Peru, while Ardian recently acquired the Peruvian subsidiary of Latin America Power to expand its renewable portfolio in the region. [Extracted from the article]