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Latin America

17 March 2011

Nikko green bond funds raise £400m since inception

Since its launch in 2010 Nikko Asset Management (Nikko AM) has raised almost £400m from institutional investors in Europe and the Middle East, as well as Japanese investors, through its groundbreaking World Bank green bond funds.

16 March 2011

Qualibou rounds off funding for St Lucia geo project

Geothermal start-up Qualibou Energy has obtained the last $15m of funding for its planned 120MW project on the Caribbean island of St Lucia.

14 March 2011

BP pays $680m for Brazilian biofuels producer CNAA

BP said it will acquire a majority stake in Caompanhia Nacional de Acucar e Alcoo, a Brazilian ethanol and sugar producer, for $680m as it continues to diversify its energy portfolio.

7 March 2011

Brazilian Development Bank fronts R$790m financing for country’s wind parks

The Brazilian Development Bank is to finance nine wind farms that global manufacturer Impsa and Brazil-based developer Wind Power Energia propose to build in the country.

4 March 2011

Brazil’s Belo Monte dam licence is reinstated

The Brazilian courts have overruled a decision banning construction of the Belo Monte dam hydroelectricity project on the Xingu River in the Amazon.

4 March 2011

Brazilian partners launch wind turbine JV

Brazilian renewable energy project developer Weg and MTorres Group are to create a joint venture to manufacture and install wind turbines in Brazil.

2 March 2011

Brazil’s Bioenergy signs $840m GE wind turbine deal

A Brazilian developer of wind and solar power projects has reportedly signed a deal with General Electric for it supply wind turbines in $840m transaction.

16 February 2011

Petrobras joins consortium to accelerate adoption of green fuels

Brazilian state-owned oil giant Petrobras has joined the second round of the Model Fuels Consortium II (MFC II), a forum for the design of fuel models and combustion simulation tools that will enable the next generation of more efficient engines used for transportation and power generation.

16 February 2011

Cosan, Shell to launch $12bn bioethanol JV Raízen by mid-year

Brazilian ethanol producer Cosan and oil conglomerate Royal Dutch Shell expect to launch their joint bioethanol venture Raízen by mid-year.

15 February 2011

OriginOil to launch pilot algae project in Mexico

Algal fuel developer OriginOil is to take part in a pilot-scale project funded by the Mexican government to demonstrate industrial algae production.

10 February 2011

Formula One champion Nelson Piquet backs bio-ethanol JV

World champion Formula One driver Nelson Piquet has inked an agreement with a group including clean energy company Acta to develop bio-ethanol and an enriched diesel product for the Brazilian fleet market.

10 February 2011

Biodiesel producer ADM to invest in sustainable palm oil production in Brazil

NYSE-listed biodiesel producer Archer Daniels Midland plans to invest in sustainable palm production in Brazil over a five-year period.

4 February 2011

Brookfield orders Alstom equipment for Brazilian hydro plants

Power giant Alstom has signed two contracts with Brookfield Renewable Power to supply key plant equipment to two hydropower facilities in Brazil.

3 February 2011

Wind developer juwi enters South Africa, Chile

Renewable energy project developer juwi has entered the South Africa and Chile markets where it will look to develop wind resources.

27 January 2011

SG Biofuels launches Brazilian operations, appoints senior advisor

SG Biofuels has launched business operations in Brazil and appointed local entrepreneur and genomics innovator Fernando Reinach as its senior adviser for the country.

27 January 2011

Belo Monte dam secures project permit

Brazil’s Institute of Environment and Renewable Natural Resources has granted a licence for the construction of the mammoth $17bn Belo Monte hydroelectric dam on the Xingu River, following a year of staunch opposition from environmental groups.

24 January 2011

Suzlon secures 218MW order in Brazil

Suzlon’s Brazilian subsidiary has won an order from Martifer Renováveis to build, operate and maintain a 218MW project in the states of Ceará and Rio Grande do Norte.

17 January 2011

UK-Cuba joint venture invests in Havana biomass plant

A UK-Cuba joint venture has been formed to establish a biomass power plant adjacent to a sugar mill near the capital Havana, in a strategic partnership that could reportedly see investment reach $250m.

12 January 2011

ABB receives $32m Brazilian wind power orders

Swiss engineering conglomerate ABB has received orders for transmission infrastructure worth $32m from Renova Energia in Brazil.

12 January 2011

Iberdrola Renovables grows Mexico presence with Gamesa wind farm buy-out

Spanish utility Iberdrola Renovables has strengthened its presence in Mexico through the purchase of a wind farm from turbine major Gamesa.

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