Ecuador’s national assembly has approved a bill proposed by President Daniel Noboa to increase electricity generation and attract foreign investment to the sector.
GE Vernova’s Gas Power business and Iberdrola Mexico have announced the successful start of commercial operation of Topolobampo III power plant, in the Mexican state of Sinaloa, close to the Topolobampo natural gas pipeline.
New Fortress Energy (NFE) has entered into an agreement to acquire a 1.6 GW capacity reserve contract PPA from Ceiba Energy in Brazil.
Alexandre Silveira, Brazil’s Energy Minister, said that the country aims to pass a regulatory framework for offshore wind and green hydrogen by the end of 2023.
The European Investment Bank (EIB) has signed an agreement with Sicredi, a cooperative financial institution operating throughout Brazil, for a €200 million loan to support the installation of solar power on homes, small, and medium-sized businesses.
Eneva, the Brazilian utility, has started commercial operation at its 692.4 MW Futura 1 solar complex in Juazeiro City, in Bahia state, Brazil.
A consortium of Mitsubishi Power Americas and engineering company CONSAG has signed an agreement with Portocem Geração de Energia for the EPC of the Portocem Thermoelectric Power Plant in Brazil.
Enel has announced that two power generation companies that it holds in Peru will be merged. This will create a larger entity valued at $2.31 billion.
GE has won an order for its H-Class gas turbine technology from Eneva, the largest private natural gas operator in Brazil.
The Mexican government has agreed to buy 13 power plants from Iberdrola of Spain in a deal valued at $6 billion. Andres Manuel Lopez Obrador, President of Mexico, said that the agreement will give state-owned power company Comision Federal de Electricidad (CFE) majority control over the electricity market.