EU lends €100m for energy efficiency and renewables in Brazil
» EU lends €100m for energy efficiency and…
The European Investment Bank (EIB) is providing €100 million (£86m) to support energy efficiency and renewable energy projects in Brazil.
Projects that will be supported include small-scale solar and hydropower plants as well as energy upgrades in public buildings and industrial facilities and street lighting in the state of Minas Gerais.
The Development Bank of Minas Gerais will provide the funds to developers of such projects, which will be carried out over the next four years, until 2023.
The implementation of the various programmes are expected to create around 700 jobs in the region.
EIB Vice President Emma Navarro, responsible for EIB operations in Latin America and for the Bank’s climate action, said: “Today’s agreement demonstrates the EIB’s commitment to tackling climate change and its willingness to continue leading the mobilisation of the finance needed for the transition to a low carbon economy worldwide.
“This operation is a perfect example of our priorities in Latin America: promoting sustainable and inclusive economic growth by boosting investments that help to reduce CO2 emissions. We are happy to join forces with Banco de Desenvolvimento de Minas Gerais to achieve these goals and to contribute to the development of clean energy sources in Brazil.”
Paraguay – ANDE projects works for USD 1,109 million in Transmission and Distribution
Source: Bnamericas, Thursday, October 24, 2019 The National Electricity Administration announced the main works planned for the reinforcement of the National Interconnected System in the coming years. The electrical infrastructure works will require an investment of more than USD 1,109 million, highlighting initiatives to strengthen the Transmission and Distribution System, which include: The public tender…
Uruguay – Financing obtained for modernization of Rio Uruguay hydroelectric
Source: Elpaís.com.uy, November 1, 2019 The Mixed Technical Commission of Salto Grande (CTM) undertakes projects to modernize the hydroelectric dam built on the Uruguay River. To take them forward, the financing of the Inter-American Development Bank (IDB) has been decided, for a sum of US $ 80,000,000.00, in charge of the States involved and in…
Chile 38 power generation projects under construction total 2,777 MW of power
Source: ELECTRICITY, October 22, 2019 According to the September report of Generators of Chile, hydraulic technology is mentioned is considered the one that tops the list of initiatives. A total of 38 power generation projects are under construction, as of August 2019, totalling 2,777 MW of power, 96.4% of which correspond to renewable energy. Hydraulic…