Yinson Holdings Berhad, through its wholly owned subsidiary Yinson Renewables Pte Ltd, is collaborating with Verano Capital Holdings SpA for developing renewable energy projects in Latin America. The initial pipeline will consist of 800 MW of utility scale solar projects spread across Chile, Colombia, and Peru.
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Highview Enlasa has announced its plans to develop a long duration liquid air energy storage project in Chile. This 50 MW/500 MWh (10 hours) CRYOBattery™ will be located in Diego de Almagro in the Atacama Region. It will require an estimated investment of USD $150 million.
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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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Global mining company, Anglo American has already secured renewable energy to meet all its power requirements for its iron ore and nickel operations in Brazil from 2022, and for its copper operations in Chile from 2021. The company has now signed an agreement with Engie Energía Perú to provide 100 per cent renewable energy for the Quellaveco copper operation in Peru that is expected to begin production in 2022.
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Statkraft is planning to develop a 102 MW Torsa wind power project in Chile. The project is located in the O’Higgins region, 124 km south of the city of Santiago. The project construction is expected to begin in the second semester of 2021. The three projects are Cardonal, Manantiales, and Los Cerillos, which are expected to be finished in October, November and December of 2022, respectively.
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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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The Latin America region contains a handful of markets with significant potential for the development of green hydrogen, although there are several weaker performing markets that rank well below the global average. Fitch Solutions has developed a Hydrogen Index, which assesses the suitability of a market for the green hydrogen industry.
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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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Enel Chile, through its renewable energy subsidiary Enel Green Power Chile, has started construction on its new 204 MW Domeyko solar park, located in the Antofagasta Region. The total investment in the project is estimated to be USD 164 million. This project is part of a 2 GW portfolio of renewable projects.
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