south america

Recurrent Energy has announced the funding for its 300MW Ciranda solar project, which consists of a US$100 million (BRL490 million) package.

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

BayWa r.e. has acquired Brazilian solar distributor Ribeiro Solar, marking the company’s first involvement in the Brazilian solar sector.

German renewables developer Blue Elephant Energy has acquired a 120MWp Chilean solar PV portfolio, expanding its presence in the country to 281MW.

Brazil will invest BRL50 billion (US$9.5 billion) in new transmission lines and infrastructure to boost solar and wind deployments.

Spanish solar developer Solarpack has firmed up a contract with the government of Ecuador to build a 258MWdc PV project in the coastal region of Manabí.

Solar tracker manufacturer Soltec posted net profits of €13.1 million (US$13.9 million) for the year 2022, a €14 million increase on 2021 which saw a €1.2 million loss for the company.  

Chinese PV inverter manufacturer Sungrow has supplied 580MW of integrated inverters to the Serra do Mel solar complex in Brazil.

IDB Invest and South American financial group Bancolombia will provide developer Solarpack with a COP656 billion (US$133 million) loan to support the development of two solar PV projects in Colombia.

Tech major Amazon has expanded its renewables portfolio globally with 71 new projects with a total capacity of 2.7GW.