Project Finance

Mexico’s renewable energy sector might be on the road to recovery, with elections to be held in July 2024. Following a run of lean years, sponsors and lenders alike were enthusiastic for the future while discussing the renewable landscape at REFF Latam 2023 last week.

Norwegian renewables provider Scatec has made its first drawdown under a $240 million non-recourse loan facility to partly finance the 531MW Mendubim solar project.

French renewable developer GreenYellow is entering the utility-scale solar generation market in Brazil.

Neoenergia has brought online the entire Neoenergia Renewable Complex, Brazil’s first operational hybrid complex.

Foss & Company has closed on a tax equity partnership with Birch Creek Energy for $130 million of investment.

Two organizations have joined forces to collaborate on advancing the development and deployment of projects in the rapidly scaling North American offshore wind industry.

The Argentine province of Santa Fe’s energy distributor EPE will issue a regional tender for renewable energy after several months’ delay.

New Fortress Energy has entered into an agreement with Weston Solution for the installation and operation of 150MW of additional power generation at the Palo Seco Power Plant in Puerto Rico and the supply of natural gas.

Avangrid has bolstered its footprint in the US renewables sector with plans to develop two solar farms in Texas and Ohio. The projects, which generate a total of 523.5MW of power, are:

AES Andes is planning an addition to its renewable pipeline in Chile with a new solar-plus-storage project.