South America

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Enel starts commercial operations at South America’s largest wind farm

Energy Live News: Enel Green Power, a subsidiary of Enel Group, has started commercial operations of what is described as South America’s largest wind farm. The company has invested €620 million (£533m) in the construction of the 716MW Lagoa dos Ventos wind farm. The project consists of 230 wind turbines and is forecast to generate […]

June 11, 2021 Read More →

U.S. has to exceed pace of solar, wind construction to meet 2050 goal

New York Times ($): President Biden has promised to sharply reduce America’s planet-warming carbon emissions, which means changes to the country’s energy system may reshape landscapes and coastlines around the country. The United States is now aiming to bring emissions down to net-zero by 2050, meaning the country would eliminate as much greenhouse gas as […]

May 28, 2021 Read More →

Chile accelerates deadline to shut down coal-fired power plants

S&P Global Platts ($): Chile plans to close half of its coal-fired power plants by 2025, 15 years ahead of a deadline to eliminate the fossil fuel from its power mix, Energy Minister Juan Carlo Jobet said April 28. “We are continuing to consolidate the age of clean energy and leaving behind the coal age,” […]

April 29, 2021 Read More →
IEEFA: Guyana’s oil future relies on ‘lower-than-average governmental take’

IEEFA: Guyana’s oil future relies on ‘lower-than-average governmental take’

Deal raises questions for ExxonMobil shareholders, Guyanese citizens

Last week, IHS Markit released an updated analysis of ExxonMobil’s progress in Guyana that projected significant oil and cash flow from the Yellowtail phase of development. The announcement is one of several upbeat reports about the progress of oil and gas development in Guyana. Buried in this optimistic assessment was an important insight: The company’s […]

March 10, 2021 Read More →
IEEFA Africa: Is Angola a cautionary tale for Guyana’s oil wealth hopes?

IEEFA Africa: Is Angola a cautionary tale for Guyana’s oil wealth hopes?

After 25 years of deepwater drilling, African nation sinks $76B deeper in debt

The  South American country of Guyana, the latest nation to have discovered commercial reserves of oil and gas, hopes to raise its standard of living, cut its debt, eliminate its deficit and create a sovereign wealth fund. It is in a weak position to accomplish these goals.  Consider the example of Angola, which has hosted […]

Special event: Guyana debates offshore oil contracts with ExxonMobil-led consortium

Experts see economic drawbacks and risks for revenues and sovereign wealth fund

Kaieteur News in collaboration with Kaieteur Radio will host a live-streamed end-of-year debate in Guyana on December 31 at 11:00 AM GYT (10:00 AM EST). Panelists will explore Guyana’s first year as an oil-producing state, what went right, what went wrong, the global outlook for oil and gas, and the steps needed to ensure transparency […]

December 23, 2020 Read More →

Oil giant Total ups renewable energy installation goal to 35GW by 2025

Recharge: Oil supermajor Total raised its renewable energy target to 35GW by 2025, as it pursues an ambition to become a global top-five player in the green power sector that could see it adding 10GW of new projects annually, the company said on Wednesday. The new 2025 goal for gross capacity developed adds 10GW to […]

October 1, 2020 Read More →

AES Gener plans 863MW wind-solar-storage project in Chile

Renewables Now: Santiago-based power company AES Gener SA submitted in Chile the environmental impact statement (EIS) for the 863-MW Parque Terra Energia Renovable wind-and-solar hybrid project. According to documents sent to the Chilean environmental evaluation service (SEA), the South American firm plans to invest USD 750 million (EUR 634.6m) in the project through its unit […]

August 18, 2020 Read More →

Exports from Colombia’s Cerrejon coal mine down 26% in first half of 2020

Reuters: Cerrejon, one of Colombia’s biggest coal producers, said on Friday its export figure for the first half of 2020 was its lowest in 18 years due to a slump in coal demand, legal rulings and the COVID-19 crisis. The mine, located in the poor desert province of La Guajira, is owned equally by BHP […]

August 17, 2020 Read More →

Strength seen in global wind-power supply chain

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 […]

April 8, 2020 Read More →