Compiled by the Energy Council
Here are the top headlines from February 2019 from the Latin America Clean Energy sector. Please contact Benjamin West if any specific topic is of particular interest to you so that we can tailor the news feed.
LeTID “Light and elevated Temperature Induced Degradation” is worth getting familiar with because it significantly affects the performance of your solar modules and your solar power plant. Find out more about this technology.
Top 10 in renewable energy index
Argentina is on target to produce 20% of its electricity from renewable sources by 2025, with the help from the World Bank. Ernst & Young added Argentina into top ten of its renewables energy index for the first time.
Slowing down renewables progress
Argentina is currently pushing 10GW programme. Off to a good start, it is facing challenges, mainly due to grid connection and macroeconomic problems in the country. 6GW of capacity was contracted over the last three years.
31% growth in wind power output
The first half of February saw an incredible increase of 30.9% year-on-year to 4,363 average megawatts (MWa), Power Trading Chamber (CCEE) reported. Wind power's share rose to 6.2% from 5.1% in 2017.
53 projects approved for construction
The Brazilian Minister of Mines and Energy announced that the construction licenses for 1,572MW of green projects (secured during the August 31, 2018 energy auction) were signed. 53 projects have now been approved for construction worth 1.8 billion USD of investments and more than 8,000 jobs.
Iberdrola’s net profit rises
Electricity giant Iberdrola reported a net profit rise of 7.5% to 3.01 billion euros, its best-ever result, largely due to a boost in wind and hydro energy output.
Terna SpA commissioned a 230-kV transmission line in Brazil to help integration of green power, mainly wind, produced in Rio Grande do Sul state.
EDP will install 1.3MW PV plant in Brazil (Espirito Santo).
Voltalia started transmission line construction in Brazil for a 2GW wind cluster.
More good news from Iberdrola
Iberdrola's Mexico arm grew 30% to US$77.3 million in 2018 driven mainly by higher production.
New Ministry and New Minister
Ecuador formed a single ministry in charge of both renewable and non-renewable resources. Carlos Perez was announced the country's new Minister of Electricity and Renewable Energy.
Wind and Solar Push
Chile will make almost 90 km2 of state land available through concessions to be used for wind and solar projects development.
18.7% new capacity additions growth
North, Central and South America installed nearly 12GW of wind in 2018, (source: GWEC), an increase of 12% from 2017. Whilst North America grew its new capacity by 10.8% compared to 2017, Latin America new capacity additions grew by 18.7%.
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