Compiled by the Energy Council
Here are the top headlines from March 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.
Canadian Solar CEO, Dr. Shawn Qu, shares with us his journey from his first business trip to Mexico to work with Volkswagen to winning the third long-term auction for renewables. Read his story.
MiniRen extended by 2 months
A tender for 350MW of wind and solar (MiniRen) has been postponed to allow companies enough time to analyse recent changes to the tender rules
500-kV transmission line tender
A 15-year PPP contract is to be awarded in July 2019. It includes the construction of a 500-kV transmission line and five substation links that will be built to support an increase in the country’s renewable and thermal power capacity
The Cleanest Provinces
Buenos Aires, San Juan and Córdoba provinces were ranked the highest in a new provincial renewables attractiveness index (IPAR)
The Biggest Solar Plant in South America
Argentina’s President Mauricio Macri has announced his support of a 200MW expansion of the 300MW Cauchari PV project in the province of Jujuy. China backs the project with Jemse as its partner which may add more capacity to take the giant PV plant to 600MW
Atlas secures more capital
Atlas Renewable Energy confirmed this month that it has closed long-term financing of more than 300MWp of solar in Brazil. USD 152m (EUR 134.2m) was secured from local lenders Banco do Nordeste, BTG Pactual, Banco ABC Brasil and Banco Bradesco SA to fund the construction of three projects.
Auction Guidelines Announced
Brazil’s Ministry of Mines and Energy announced the guidelines for the first energy auction of 2019 (June 27). The auction (called A-4), will contract 1.24GW of hydro, wind, solar and biomass power projects. The PPAs will become effective on January 1, 2023.
9% wind power increase
Brazil’s wind power output has increased by 8.9% in February year-on-year to 3,465 average megawatts (MWa).
No More Auctions
CFE head, Manuel Bartlett, has made it clear that the national utility will not buy electricity from private companies as it can generate power itself.
Colombia: failed to award renewables projects during its first renewables tender
Despite significant appetite from the likes of Enel SpA, Canadian Solar, Isagen and Epsa, as well as local companies, the projects were not tendered because only a few of the participating companies would have received contracts, which is against the country’s antitrust rules. The government will hold a new auction before the end of the first half of the year, the Mines and Energy Minister said.
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