Firm says green energy ‘mission’ will steer actions at time of COVID-19 uncertainty, as shareholders back US$500m raise to fund US$1.8bn plan to deploy solar and wind in Chile and Colombia.
New figures from regulator UPME show nearly 70% of all energy projects currently proposed are solar, setting the scene for growth spurt in the country using auctions to catch up on the renewable front.
Bolsonaro government postpones renewables-only tender (A-4) and auction also open to conventional sources (A-6), putting at least nearly 30GW of solar bids in the air.
Group notes outbreak could see construction contracts postponed but insists it can reach 1GW-by-2020 installed capacity target, amid PV work in Brazil, Portugal, France and others.
Italian energy giant argues most of its EBITDA comes from contracted activities, with financial results showing firm built 3GW of green energy in 2019 and is eyeing a further 4GW in 2020.
Plans by investor to develop US$450m grid-connected plant mark latest move of a series by international firms plotting solar megaprojects in high-irradiation region of Antofagasta.
Deal touted as "largest solar contract" ever signed in Brazil will support development of 330MW PV plant in southeast of country, set to power miner's nickel and iron operations.
Contract to equip Solatio’s utility-scale and rooftop PV projects marks the latest such agreement in Brazil, increasingly targeted by Chinese manufacturers.
Chile and Colombia targeted for major buildout of PV and wind, Atlas issues US$253m green bond for Chilean projects, Voltalia’s largest PV project to supply resin group.
Green regulator SEA to consider projects of 317MW and 181MW in high-irradiation desert, joining Enel's growing series of large bifacial ventures in Latin America.
