latin america

Renewable energy investment fund manager Copenhagen Infrastructure Partners (CIP) launched its second Growth Markets Fund (GMF) this week (4th December), seeking US$3 billion in financing for renewable energy generation.

AES Dominicana has raised US$368 million in a loan facility that will be used to finance renewable energy projects in the Dominican Republic.

Of its three major operational markets – the US, Europe and Latin America – Grenergy particularly highlighted Chile as a fulcrum for leveraging up its solar and storage businesses.

Switzerland-based institutional investment group SUSI Partners has entered a development deal for two large-scale solar-plus-storage hybrid power plants in Chile.

Latin America and the Caribbean need to double financing for clean energy projects to US$150 billion by 2030 to fulfil the Announced Pledges Scenario (APS), according to the International Energy Agency’s Latin America Energy Outlook.

Sungrow has sold 15GW of inverters to companies in Latin America, following the signing of deals at Intersolar South America last month.

Trina Solar’s tracker manufacturing unit TrinaTracker has opened a new facility in Brazil, with a 2.5GW annual capacity.

The Colombian ministry of mining and energy has unveiled a 290MW coal plant will decarbonise its activity and convert it to solar PV and energy storage.

Spanish renewables company Grenergy has secured US$148 million in green financing to complete the development of two solar PV projects in Chile with a combined capacity of around 300MW.

Chilean solar developer Verano Energy has acquired 296MW of solar PV projects in Colombia, bringing its Latin American renewables portfolio to over 3GW.