The German company was chosen among eight bidders through an expression of interest process. It will be responsible for the construction, assembly and commissioning of a lithium manufacturing facility. The Bolivian government expects an annual income of US$1 billion.

Milbank, Tweed, Hadley & McCloy LLP has advised lenders in relation to two independent renewable energy projects in Mexico and the Dominican Republic, respectively. These projects are in addition to the recent renewable energy loans that were closed in Argentina, Chile and El Salvador.

Around 20 GW of solar PV projects were initially competing in the contest. PV was again the source with the largest share, accounting for around 80% of total assigned capacity. The final average price for solar was 118 BRL (US$35.2)/MWh.

This new transaction is intended to support projects selected in Round 3 of Argentina’s renewable energy program for large-scale projects. The funds are expected to leverage private investments for an amount that should be nine times higher than the value of the guarantee.

The solar trackers made by the U.S. manufacturer will be used for the construction of the 754 MW Villanueva solar project in Torreón, in the Mexican state of Coahuila.

The National Mining Company of Chile (ENAMI) will be the first Chilean mining company that will have all of its electricity demand covered by clean energy sources. Supply of electricity under the long-term PPA will begin in April 2018.

Colombia’s Energy and Gas Regulatory Commission approved the 2018 Resolution CREG 030 last Friday, which regulates how solar PV system owners can sell surplus power to the National Interconnected System under net metering.

The Chilean National Energy Commission will become the country’s first public entity to adopt such technology, which it will begin to use in March.

The $110 million project is expected to generate 220 GWh per year.