In Argentina, Vientos Neuquinos I wind farm will be up and running in March 2020. The Vientos Neuquinos I wind farm in Bajada Colorada, Neuquen province, Argentina, which will have a maximum power generation capacity of 100 MW, will be up and running at the end of March 2020 as planned.
Components for this wind farm are being sourced from China, with all parts in place by the close of February or beginning of March 2020.
French energy company Voltalia SA plans to invest 1 billion reais ($247.24 million) in Brazil to build new wind farms, solar and hydroelectric plants over the next few years, its Chief Executive Robert Klein told local newspaper Valor Econômico in an interview published on Monday.
The investment planned will lift Voltalia’s installed capacity in Brazil to 1 gigawatt (GW) compared to 483 megawatts (MW) currently, the media outlet reported.
In Brazil, white energy tariff will be extended to all consumers in 2020.
The so-called white energy tariff, implemented in Brazil in 2018 for the country’s large energy consumers, will be extended to almost all Brazilians on 1 January 2020. The white tariff involves a reduction of energy prices during off-peak hours with three different pricing brackets.
Brazilian renewable energy company Omega Geracao SA said on Friday it has signed a deal to acquire 50 MW of wind parks in Bahia state.
Omega is buying CEA III – Centrais Eolicas Assurua III SPE SA, holder of the 25-MW Laranjeiras III and IX parks, from Fundo de Investimentos em Participacoes em Infraestrutura Energias Renovaveis (FIP IEER), the investment fund of Companhia de Energias Renovaveis (CER).
In Dominican Republic, the use of natural gas and coal for power generation is on the up, which is resulting in a contraction in the use of fuel oil for power generation purposes. As of 25 December 2019, coal accounted for 34.61% of all electricity generated in the country, while natural gas represented 33.64% of the total, fuel oil 23.14% and renewable energy sources 8.61%.
It is estimated that the holding of state-owned energy companies in Dominican Republic, Corporacion Dominicana de Empresas Electricas Estatales (CDEEE) , and state-owned electricity distribution companies EdeSur, EdeNorte and EdeEste had total debts of about USD 584mn (EUR 506.31mn) with private power generation companies as of October 2019.
The International Finance Corporation ( IFC ) has invested USD 50 million (EUR 44.7m) in a green bond issuance by Ecuador’s Banco Pichincha.
With the proceeds from the USD-150-million bond, the Ecuadorian private lender will be able to finance renewable energy projects, sustainable buildings and green mortgages, clean mobility and energy efficiency projects, among other initiatives that contribute to climate change mitigation.
Tyazhmash is still working on a project to build the Toachi Pilaton complex of hydraulic power plants (HPPs) in Ecuador. In particular, an audit has been conducted for electrical and electromechanical systems that were delivered to the construction site before the suspension of the project, and restoration of these systems has begun.