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ReNews.biz: Enel will exit Chile’s coal power sector early by bringing forward the closure of its Bocamina coal-fired power plant, located in Coronel. The company’s Chilean subsidiaries Enel Chile and Enel Generacion Chile informed the market that their boards of directors took the decisions to accelerate the closure of the power station. Enel Generacion Chile […]
Renewables Now: Costa Rica generated 99.15% of its electricity with renewable energy sources in 2019, according to the latest report by the National Centre for Energy Control (CENCE). Gross power production in the Central American country totaled 11,312.85 GWh, of which only 95.64 GWh were generated by thermal power plants. The renewables share rose from […]
Frost & Sullivan: The increasing demand for energy worldwide and traditional energy independence due to volatile oil prices is encouraging governments throughout the world to harness the potential of renewable energy, driving the global market for wind turbine materials. Expanding at a compound annual growth rate (CAGR) of 8.9%, the wind turbine materials market is […]
Reuters: Latin American countries have set a collective target of 70 percent renewable energy use by 2030, more than double what the European Union is planning, Colombia’s energy minister said, ahead of her country’s October renewables tender. Colombia presented the target at the United Nations Climate Action Summit this week, where world leaders were asked […]
Bloomberg: Most chief executive officers paint a rosy picture when they talk about their companies’ prospects. Not Guillermo Fonseca. The CEO of Colombian coal giant Cerrejon — jointly owned by BHP Group Ltd, Glencore Plc and Anglo American Plc — isn’t sugar-coating anything. The industry, he says, is in terminal decline, and the company is […]
PV Tech: A mining giant has turned to Enel to power its transition to a fully renewable energy supply in Chile, signing a deal set to kick in, in two years’ time. The developer announced this week its clean energy portfolio will provide Anglo American with up to 3TWh annually, starting in 2021 over a […]
S&P Global Market Intelligence ($): China’s decision to slow the pace of solar-power development and cut financial aid to the industry has plunged the global solar market into uncertainty. But some industry insiders see bright spots in China’s domestic solar industry in 2018. Longgen Zhang, CEO of China-based polysilicon producer Daqo New Energy Corp., told […]
[Editor’s note: This is an excerpt of an interview with Latin America Advisor.] The Chilean government has identified seven companies that it wants to develop value-added lithium projects, state development agency CORFO (Production Development Corporation) said. Chile is part of South America’s “lithium triangle,” which contains more than half the known global reserves of the […]
Bloomberg View: More than a billion people worldwide live without reliable access to electricity. Providing them with power will require hundreds of billions of dollars of investment, vast deployment of technology, and adaptable business and financial market strategies. Much of the job can be done with power generation systems that are not connected to a […]
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IEEFA report: Oil consortium deal with Guyana far from panacea for country’s ailing finances
Large changes in global oil markets and faltering oil companies like ExxonMobil mean smaller revenues and hard choices
October 27, 2020 (IEEFA) — A multibillion-dollar partnership between the republic of Guyana and a consortium led by some of the world’s largest oil and gas companies will not yield enough cash over the next five years for Guyana to close deficits, support new spending and build a Sovereign Wealth Fund. Beyond five years, the […]