Central & South America

The Puerto Rico Electric Power Authority has been ordered to procure a total of 3.75 GW of renewables and 1.5 GW of energy storage.

Bolivian President Luis Arce this week inaugurated the second phase of the Oruru Photovoltaic Solar Plant. Located 3,700 meters above sea level, the plant is believed to be the world’s highest altitude PV installation.

According to a recent report from Brazilian consultancy Greener, the country imported 4.76 GW last year. Domestic PV module makers had a 3.8% market share with around 190 MW in shipped modules. The analyst also revealed that prices for distributed generation PV systems rose by 20% in 2020.

Taking a renewable energy project into its operational phase calls for several workstreams to be synchronized. The one that perhaps jumps out the most is permitting processes: correctly navigating the intricate and time-sensitive steps for licenses and permits. Regardless, each workstream calls for a different set of skills, and because of interlinked chicken-or-egg causality, it is difficult to say which single element is most important in a project’s development. However, there is an unsung element of the financial closing which has as much, if not more, impact on a project’s profitability than the cost of debt does: the underlying terms and conditions.

Ecopetrol has announced plans to develop six new solar projects, which will bring its total installed PV capacity to 155 MW by the end of this year.

Fresh from the success of its 7.7 MW microgrid at Gold Fields’ Granny Smith mine in Western Australia, Aggreko has signed a 10-year contract with the global gold miner to install at 25.9 MW hybrid solar and thermal power solution at its Salares Norte mine site, located at a height of 4,500 meters in the Andes Mountains.

Falling module prices will help PV post another record year after an estimated 132 GW was installed worldwide in 2020, according to an energy transition investment trends report published by Bloomberg New Energy Finance.

The private-sector arm of the World Bank, which claims to leverage $3 of its own capital and $8 from third parties for every dollar invested in its blended finance funds, has attempted to quantify what devoting Covid recovery funds to green investment would mean for emerging economies.

Scientists in Spain and Colombia took a closer look at the degradation mechanisms affecting perovskite solar cells, and developed a new, high throughput method to characterize their performance in an outdoor setting. The group evaluated the method through outdoor testing on perovskite modules manufactured in a lab. it expects its findings to offer easier device characterization and better understanding of the degradation mechanisms affecting perovskite solar cells, both important factors in the technology’s development.