EDP Renewables has announced the acquisition of 628 MW of wind and solar assets under two separate deals with Atacama Energy and Lader Energy in Chile. The acquired capacity comprises a 77 MW wind farm which has a 20-year power purchase agreement and set for operation in 2023 and 551 MW of solar and wind farms, which are currently under development.
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Renewable energy auctions in Colombia were designed to complement the country’s electricity market mechanisms, which were insufficient to attract non-hydro renewable energy development on a large scale. They now provide Colombia with opportunities to diversify power supply and increase the resilience of the power sector, while also fostering investor confidence.
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REGlobal presents an extract from the Global Summary Power & Renewables by Fitch Solutions which highlights the offshore wind potential of the Black Sea, challenges in expanding South Africa’s power capacity, improving growth prospects for solar power in Malaysia and continued momentum in Chile’s renewables sector.
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Oceanus Power & Water LLC, through its subsidiary Oceanus Energia y Agua de Sudamerica SpA, has announced a cooperation agreement with EDF renewables to explore various possibilities and conditions to develop the world’s first Integrated Pump Hydro Reverse Osmosis Clean Energy System (IPHROCES) in Latin America, with a primary focus in the Andean Region.
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2020 was a turbulent year in Latin America. Few countries in the region were not touched by massive protests, political upheavals, economic woes or catastrophic storms—with the COVID-19 pandemic on top of it all. Despite this, some leaders in the region have continued to make much-needed advances to curb climate change, particularly, Chile, Colombia and Costa Rica.
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The Chilean National Energy Commission (CNE) has announced its plan to auction 2.31 TWh of renewable energy capacity in May 2021. The auction will also include the option of deploying storage systems. The final bidding terms will be issued in December 2020.
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The impact of COVID-19 will be more serious in Latin America than anywhere else in the world. To mitigate the damage and improve long-term prospects, the region needs to target a green recovery based on environmentally friendly growth and an expansion of renewable energy.
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