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Latin America

12 November 2010

AEI subsidiary secures Nicaragua wind project financing

Energy infrastructure business AEI’s subsidiary Consorcio Eólico Amayo has closed $45m in project financing for the second phase of its wind development in Nicaragua.

12 November 2010

PetroAlgae, Sky Airline partner to bring green jet fuel to Chile

Chilean air operator Sky Airline has entered into an agreement with renewable fuel developer PetroAlgae that could see it use renewable jet fuel on its flights.

10 November 2010

General Electric invests more than $300m in Brazil clean technology

General Electric (GE) has announced plans to invest $500m to expand its operations in Brazil and accelerate technology partnerships with Brazilian companies in the clean technology and other sectors.

8 November 2010

Ram Power secures $160m to expand Nicaragua geothermal project

Ram Power has closed $160m in debt financing for the second phase expansion of its San Jacinto-Tizate geothermal power project in Nicaragua.

8 November 2010

Globeleq Generation closes ExIm financing to build first Honduras wind farm

Emerging markets-focused power company Globeleq Generation is set to construct the Cerro de Hula wind energy plant in Honduras after closing non-recourse financing from the US Export-Import Bank and the Central American Bank for Economic Integration.

3 November 2010

Archer Daniels Midland expands biodiesel production

Brazil’s fifth largest exporter Archer Daniels Midland (ADM), an NYSE-listed company that exports soybean meal and holds 21 per cent of the country’s bottled oil market, plans to construct its second biodiesel plant in a move that will increase its production capacity by more than 50 per cent.

25 October 2010

Renewable energy investor LAIC Venture Capital to establish Brazilian presence

LAIC enture Capital, which operates in the alternative energy, bioenergy and natural resource sectors, has opened an office in Sao Paulo, Brazil before the end of the year.

25 October 2010

Petrobras targets UK market with $1.22bn bioethanol deal

Brazilian state-owned biofuel major Petrobras has bought up to 2.2 billion gallons of ethanol from Brazilian producer Guarani, a subsidiary of Tereos, for R$2.1bn ($1.22bn).

19 October 2010

Commodities trader Glencore invests in Brazilian renewable ethanol plant, US rare earths

Commodities trader Glencore has signed a deal whereby it will acquire a majority 70 per cent stake in a Brazilian bioethanol plant and committed to a separate rare earths joint venture signaling its entry into the renewable energy sector, according to reports.

15 October 2010

W R Grace expansion targets Brazil, Malaysia biodiesel markets

Petroleum catalyst supplier W R Grace & Co is targeting the biodiesel markets in Brazil and Malaysia as the latest purchasers of its silica gel products.

8 October 2010

Solazyme, Ecopetrol extend partnership to develop biodiesel in Columbia

Biotechnology company Solazyme has signed its third development agreement with major Latin American oil company Ecopetrol to produce algae-based diesel biofuel using renewable Colombian feedstocks such as microalgae sugarcane and byproduct glycerol.

6 October 2010

Universal Power Group expands into Latin America

US-based battery and solar product supplier Universal Power Group (UPG) has launched a new Latin America Group in collaboration with export management company Castelmec.

22 September 2010

Warburg Pincus leads $201m investment in Brazilian hydro company

Global private equity firm Warburg Pincus has led an investment of BRL$350m ($201m) in Brazilian energy company Omega Energia, which is in the business of buying small hydro power plants.

14 September 2010

Vestas remains cagey on Brazilian factory rumours

Wind turbine manufacturer Vestas told NewNet it could not confirm reports it was to build a factory in Brazil.

10 September 2010

Development organisation Crown Agents to install Japan-funded $8.6m solar plant in Uruguay

International development organisation Crown Agents has confirmed to NewNet that it has signed a framework agreement with the government of Uruguay to install the country’s first solar plant in the northern region of Salto, under a wider support programme agreement between the governments of Japan and Uruguay formed in 2009.

6 September 2010

Gamesa to supply turbines for Iberdrola’s Brazil tender projects

Iberdrola Renovables has contracted wind turbine manufacturer Gamesa to supply turbines for the second round of Brazilian tender contracts it won last week to develop 258MW of projects with Brazilian holding company Neoenergía.

6 September 2010

Enel Green Power awarded high-output Brazil tender wind contracts

Following a public tender held in Brazil to promote wind power development in the country, Enel Green Power has been awarded contracts to develop a 90MW project portfolio in a move that will double its installed capacity in the country.

1 September 2010

IMPSA sells wind turbines worth $730m to Brazil

Argentina-headquartered renewable energy company IMPSA has sold over $730m worth of wind turbines to a selection of Brazilian buyers through its subsidiary Wind Power Energia, according to reports.

31 August 2010

Iberdrola consortium to develop nine wind farms in Brazil

Wind developer Iberdrola Renovables has been awarded a contract to develop nine new wind farms in Brazil in partnership with Brazilian energy holding company Neoenergia and an additional investor.

27 August 2010

Chile to invest $200m in geothermal by 2012

The government of earthquake-prone Chile plans to invest at least $200m in geothermal development from now until 2012, the country’s Energy Minister Ricardo Raineri said.

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