Tags Posts tagged with "Latin America"

Latin America

Installed capacity of renewable power in Colombia is expected to rise from 2% in 2018 to 14% in 2025, with a further rise to 21% by 2030. Renewable capacity in the country is slated to increase fivefold to reach 5.9 GW at a compound annual growth rate (CAGR) of 24.4%. This growth can be attributed to new government policies facilitating funds for renewable energy projects, energy efficiency measures and announcement of renewable energy auctions in 2018, says GlobalData.

However, GlobalData’s latest report, “Colombia Power Market Outlook to 2030, Update 2019 – Market Trends, Regulations and Competitive Landscape, also reveals that the country’s coal-based capacity will increase by 43% between 2018 and 2030 to reach 2.4GW while gas-based power will contribute 14% of total capacity.

Renewable energy and energy efficiency projects will handle the demand side management in the near future. The country’s onshore wind capacity is expected to increase from 19.5 MW in 2018 to 3.4 GW in 2030, representing the country’s largest growth among its renewable sources. PV capacity is expected to reach 1.7 GW in 2030 from 172.6 MW in 2019 at 23% CAGR, while the biopower segment will see growth of 7% CAGR to reach 719 MW. To date, Colombia does not have any installed geothermal capacity but it is expected to have 50 MW installed by 2024, leading to 115 MW capacity in 2030 growing at 15% CAGR.”

Colombia’s Generation and Transmission Expansion Plan 2015-2029 is expected to accommodate high volumes of renewable energy in the near future. The anticipated grid expansion and modernization of 4.2GW to 6.7GW, which is aimed to support 1GW coal and 1.5 GW hydro, will involve huge investment in grid infrastructure industry. This, in turn, is likely to open up new markets for energy storage and energy efficiency systems to enable steady supply of power when adequate renewable energy is unavailable.

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A consortium formed by Acciona and Abengoa has signed the contract to complete the construction of the Cerro Dominador concentrated solar power (CSP) plant in Chile. The consortium, led by AccionaIndustrial with a 51% stake, will be responsible for building the 110 MW CSP plant with Abengoa technology, making it the first in Latin America.

The CSP plant tower will join the 100 MW photovoltaic plant already in operation, built by Abengoa, which has been in commercial service since February 2018. It will be part of a renewable energy complex with a total capacity of 210 MW and the first to combine both technologies anywhere on the continent.

This project will be able to generate clean energy, manageable for 24 hours, with a 17.5 hour thermal storage capacity based on molten salts. The 146-hectare solar field has 10,600 heliostats that direct solar radiation to a receiver located at a height of 252 metres.

Work is expected to resume this month, with Cerro Dominador, a company owned by funds managed by EIG Global Energy Partners, securing project financing in May with a consortium of national and international banks, and with the Acciona Industrial and Abengoa consortium receiving the notice to proceed.

The Cerro Dominador complex is located in the town of María Elena, in the Atacama Desert, in the Region of Antofagasta, an area with one of the highest solar radiation indexes in the world. The CSP plant to be built by Acciona and Abengoa will produce clean energy and prevent the emission of 640,000 tonnes of CO2 into the atmosphere each year. The complex will prevent the emission of a total of 870,000 tonnes of carbon dioxide annually, and will supply clean energy through 15-year energy purchase agreements signed with distributors in 2014.

Construction of the Cerro Dominador CSP plant will make a significant contribution to the local economy, creating more than 1,000 jobs in the area during the construction peak, with priority given to residents from the region’s municipalities.

Cerro Dominador selected the Acciona Industrial and Abengoa consortium because of its proven experience of developing and executing solar thermal projects around the world.

Acciona has built 10 solar thermal power plants globally, with a total capacity of 624 MW. The 100 MW Kathu plant, in South Africa is currently under construction. Cerro Dominador is the fifth solar thermal power plant built by the company outside of Spain.

Abengoa will be the technology partner for the engineering and construction project, contributing its know-how in the construction of CSP plants, with over 30 years of experience developing and constructing plants with an installed power of 2.6 GW around the world, currently representing 38% of the global installed capacity. It is currently the technology partner for construction of phase IV of the Mohammed bin Rashid Al Maktoum Solar Park, owned by the Dubai Electricity and Water Authority (DEWA), the world’s largest solar complex, located in Dubai.

Source: Acciona

The use of solar trackers in utility-scale PV projects is growing rapidly around the world. According to the GTM Research report “Global Solar PV Tracker Market Shares and Shipments 2018”, tracker shipments grew by 44% globally in 2017. GTM also found that Latin American countries were the largest markets for solar trackers, followed by the US. Indeed, GTM expects 80-90% of all utility-scale PV projects deployed in Latin America this year to use tracker systems. Independent consultancy TÜV Rheinland PTL has recently published a report, commissioned by solar tracker manufacturer Array Technologies, on the economic and risk analysis of the two main tracker architectures (centralised and decentralised). This article sets out the main conclusions of this report, and their significance for Latin America due to the extensive range of climatic challenges facing trackers in this region.

It has been proven that solar trackers increase the utility-scale production of PV energy. Moreover, the economic benefits of using a solar tracking system is greater in areas of high irradiation, which correspond to rapidly growing PV markets, such as Latin America, the MENA and APAC regions, where solar trackers are increasing their market share in large plants over fixed tilt mounting systems.

While a variety of solar trackers are available, two predominate: centrally driven architecture (centralised) and individual row driven architecture (decentralised). A centralised architecture involves a system driven by a single motor linked by a rotating driveline to multiple tracker rows. In a decentralised architecture, each row operates as a self-contained unit.
Read more…

Article published in: FuturENERGY May 2018

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Cerro Dominador, a Chilean company owned by investment funds managed by EIG Global Energy Partners (“EIG”), announced today the signing of the financing for its Concentrated Solar Power plant (CSP) located in the Atacama desert, in Chile. This milestone will allow the company to finalize the construction of the first combined CSP and photovoltaic project in Latin America, with a total of 210 MW of capacity. The plant will supply clean, reliable energy to the national interconnected system in Chile, selling most of its power under 15-year power purchase agreements awarded at the end of 2014.

The $758 million financing has been subscribed by a group of international financial institutions and the contribution of local banks. Among the financial entities involved are: Natixis, Deutsche Bank, Société Générale, ABN AMRO, Santander, Commerzbank and BTG Pactual as well as other institutional investors in a tranche parallel to the bank financing. Other participants are expected to join the banking group in the coming weeks.

The Cerro Dominador project is located in Maria Elena, near Calama, in the Antofagasta Region, an area with one of the highest solar radiation in the world. The new plant will produce clean energy, replacing the expected emissions of 640,000 tons of CO2 per year, reaching -as an integrated project- a total of 870,000 tons of CO2 reduction per year.

The new construction phase will have an important contribution in terms of employment for the region, generating more than 1,000 jobs at the peak during the next two years.

Panorámica del campo solar de 330 ha. de la planta fotovoltaica, 2015
Panorámica del campo solar de 330 ha. de la planta fotovoltaica, 2015

The company has been advised throughout the financing process by Milbank, Tweed, Hadley and McCloy (International Counsel), Morales y Besa (Local Counsel), and Astris Finance (Financial Advisor). The completion of the plant construction will be carried out by a consortium formed world leading companies in solar technology. Cerro Dominador is a proud contributor of the Chile Energy Agenda, which has pursued to diversify the country’s matrix by increasing the use of renewable energy.

EIG took its control position and management oversight of the solar project at the end 2016. The first part of the Solar Project, with 62 MW of photovoltaic power started in October 2017, reaching the full 100 MW in February 2018.

Source: Cerro Dominador

Urban mobility is a cross-disciplinary challenge for Latin American cities. Congestion, with its consequent losses of productivity and quality of life, is usual in large Latin American cities. São Paulo, Bogotá, Mexico City, Medellín and Río de Janeiro occupy top spots in the global rankings that measure this phenomenon1. This is the case even where these cities have implemented integrated public transport systems (such as different forms of Bus Rapid Transit), which highlights the need to respond to the challenge of increasing motorisation through specific policies. In fact in some cases, it demonstrates a crisis of image of the public transport systems, where residents demand qualitative changes (less saturation, personal safety, better travel experience, better segmented services, new vehicular technologies) apart from the basic fact of availability.

In addition, the megatrends of electrification, digitisation, autonomous vehicles and the shared economy, have permeated the discussion of public policies as regards mobility. Electric vehicles and the advances made in terms of range and cost will gradually improve the feasibility of these technologies on the market. Moreover, the Internet of Things is starting to gain momentum as a platform to increase the efficiency of transport operations. In the current decade, non-motorised transport such as the bicycle has consolidated its space in the range of solutions. Even more recently, pedestrian mobility, road safety, access for all and gender trends have all enhanced the debate.

At such a defining and disruptive time, it is easy to be carried away by the latest technological advance announced through the social networks as a panacea. However, we must not be side-tracked from the basic concept of mobility, because neither electrification, or autonomous vehicles or digitisation will in themselves resolve the problems of congestion, pollution and poor road safety facing Latin Americans as they move around their cities. In his book ‘Human Transit’, Jarrett Walker defines mobility as the ease of moving ourselves beyond our walking range. This is rather a challenge of having a variety of options and less so about technologies, despite the latter playing an essential role in enabling and making the different options more efficient. Read more…

Jorge Augusto Suárez Velandia
Advisor on e-mobility and transport solutions for Volvo Group Mexico and collaborator on Volvo Bus North America

Article published in: FuturENERGY April 2018

Over 150 million people in Latin America live in areas that exceed the air pollution limits permitted by the World Health Organisation (WHO). This body has classified the following Latin American conurbations as having the highest levels of air pollution: Santiago de Chile, Mexico City, Medellín, Bogotá, São Paulo, Buenos Aires and La Paz. Some of these, such as Santiago de Chile, Mexico City and Medellín, had to take contingency measures in 2017.

With most Latin American countries showing a stable and growing economy, large and expanding urban areas, a population that is growing at rates that are higher than in other regions and a vehicle fleet that is on the increase1, the effects on air quality and those relating to climate change have started to position the transport sector as high priority on the political agendas of the region.

The potential to mitigate the effects of Latin America’s transport sector on health and climate change through the introduction of electric vehicles (e-mobility) is huge, with the added advantage of having a power generation grid that enjoys a high level of participation from renewable energy. Read more…

Julián Gonzalez & Ana Milena Angel

Article published in: FuturENERGY April 2018

ABB will install Latin America’s first digitally-enabled substation in the city of Juazeiro, northeastern Brazil. The new 230-kV substation and connection bay at the Juazeiro II substation will deliver power from a 156- MW PV power plant under development in the area. The Juazeiro solar project is owned and operated by UK-based investment firm Actis and its renewable energy arm in Latin America, Atlas Renewable Energy.

ABB will deliver the entire Juazeiro substation and provide a supervisory control and data acquisition (SCADA) system, intelligent electronic devices (IEDs) for protection and control as well as state-of-the-art SAM600 merging units in the switchyard, all conforming to the IEC61850 open communications standard. Copper cables will be replaced with digital fiber optic cables. The digital substation is an ABB Ability™ based technology which helps enhancing controllability and reliability while optimizing the customers’ costs.

A substation works like the heart of a power grid, transmitting and distributing electricity to distant locations, so safety, security, reliability and efficiency are essential. Switching to digital fiber optic connections can reduce the quantity of copper wire needed in a substation extensively, which is a significant cost saving. Digital substations also require substantially less space, and increase safety for personnel because system supervision with digital equipment reduces the need for manual intervention and eliminates the possibility of dangerous electrical shocks in the substation control room.

In 2017, ABB completed an upgrade of a similar project in a substation in New York City, where digital technologies have been applied to the system supplying power to hundreds of thousands of customers in Manhattan. ABB also recently won an order from TAURON Dystrybucja SA, one of Poland’s leading power utilities, for the first digital substation installation in Poland.

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Acciona Energía has started construction work on the Puerto Libertad PV complex, developed in a joint venture (on a 50-50 basis) with Tuto Energy in the State of Sonora (Mexico). With 404 MWp peak power – 317.5 MW rated capacity – the PV installation will have one of the highest capacity in Mexico and Latin America and will be the biggest renewable project ever undertaken by Acciona Energía in the world. Part of this capacity will be used to send power to the grid in the last trimester of 2018 and the whole plant will be operational in early 2019.

Of the total capacity of the PV plant, 229 MWp (180 MW nominal) will be used to supply energy to the Federal Electricity Commission (CFE), following the award made in the second long-term energy auction held in September 2016.

Another 114 MWp (90 MW nominal) comes under a private energy purchase and sale contract between the consortium that owns the project and the company Tuto Energy Trading. This capacity will be sent to the installations of a major Mexican industrial group.

Finally, the energy produced by the remaining 61 MWp (47.5 MW nominal) will be sold on the wholesale electricity market following the extension of the scope of the project, with a view to optimizing its generation capacity in an area with an excellent solar resource.

A surface area covering almost 10 square kilometers

Puerto Libertad will cover almost 10 km2 in the municipality of the same name near the Mar de Cortés coast in the Gulf of Baja California, around 200 kilometers north-west of Hermosillo, capital of the State of Sonora.

The facility that will head the ranking of the biggest photovoltaic plants in Latin America will be equipped with 1,222,800 polycrystalline silicon panels mounted on horizontal tracker systems. These are programmed to track the sun’s path across the sky from dawn to dusk. Placed in a straight line, the structures (20,380 units, each one 59.46 meters long) would cover a distance of 1,212 kilometers, similar to the distance between Mexico City and Houston.

With a total solar capture area of 2.4 km2, Puerto Libertad will produce around 963 GWh of power per year, sufficient to cover the electricity demand of 583,000 Mexican homes. As it is renewable, this energy will avoid the emission of 925,443 tonnes of CO2 to the atmosphere from coal-fired power stations, representing a cleaning effect on the atmosphere of more than 46 million trees.

Up to 900 jobs in the construction phase

Acciona Energía will carry out the turnkey construction of the plant in the Engineering, Procurement and Construction (EPC) modality. It will also undertake its operation and maintenance for two years, after which time this function will be taken over by a joint venture set up by the two partners in the project.

With preliminary work already started, the construction phase will run until the first trimester of 2019. During that time an average 500 direct jobs will be created, with activity peaks of up to 900 workers. In the operational phase, the plant will provide stable employment for 38 people.

Driving photovoltaic power in Mexico

Puerto Libertad marks the entry of Acciona into the photovoltaic sector in Mexico, where it already holds a leadership position in the wind power sector with 858 MW installed, for itself or for other customers. It is currently building a 183 MW wind farm (under its ownership) in the State of Tamaulipas.

The Mexican photovoltaic sector will undergo strong growth in the next few years. Forecasts indicate 8,000 MW capacity in 2020, in comparison to the 450 MW currently in operation, according to figures from the Mexican Solar Power Association (Asolmex).

Source: Acciona Energía

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    Jinko Solar is currently the world’s leading manufacturer of PV modules by volume of sales, in addition to heading the Tier 1 list of the best manufacturers. Founded in 2006, listed on the New York Stock Market since 2010. It is a vertically integrated company, in other words, it has a production capacity for every manufacturing stage of the panels, allowing it to achieve better control over costs and production, always guaranteeing that the highest quality product is available on the market. With eight factories, located in four countries worldwide (China, Malaysia, Portugal and South Africa), the company has an annual capacity of 8 GW in addition to a presence in 35 countries around the world. Jinko Solar not only manufactures its PV modules applying the highest quality standards, but also has one of the most important R&D departments in the industry, which allows it to remain at the forefront as regards technological innovation. Currently, Jinko Solar benefits from a strong presence in Latin America with sales offices in Chile, Brazil, Mexico, Argentina, Costa Rica, Colombia and Panama and has the highest market share of the region.

    With Latin America’s emergence as the hottest region for solar development in recent years, Mexico has taken the lead with a dynamic energy transition that sets the stage for unprecedented solar growth. An abundance of solar resources, high power prices, falling technology costs, and an increasing need for resource diversification combine to place Mexico among the global leaders for PV development.

    The country is set to double its distributed generation capacity this year, with more than 300 MW of new installations, after Mexico’s regulatory commission increased the upper limit for net metering plants to 500 kW. Authorities are working to foster DG as a slice of its 40 percent renewable energy target by 2035. For this to happen, the country will need to get around 18 percent of its generation from solar, compared to less than 1 percent at present.

    At Solar Summit Mexico 2018 experts will discuss the massive opportunity that exists in this market and how to best take advantage of it.

    This two-day event will leverage GTM Research’s regional expertise in Mexico to ensure your company is uniquely positioned to capture specific opportunities while appropriately managing regulatory, political, and market risks.

    2018 conference themes will be:

    • Mexico PV on the global stage
    • Large-scale solar development in Mexico
    • The opportunities of distributed generation in the Mexican market
    • Bringing down the cost of PV
    • Tariffs, manufacturing, & distribution strategies
    • Financing: solar in Mexico

    Everything you need to know about solar financing in Mexico

    According to EY, only 15% of the Mexican electricity auctions have been project financed so far and mostly by multilateral development banks. Other than corporate finance, a lot of projects are still suffering to get to financial closing.

    Investors all around the world are looking to Mexican PV and Solar Summit Mexico 2018 will dedicate a full day at to diving deep into solar finance. Those attending the event will hear about the various strategies being employed, new avenues on the buyer side of generation and the attractive prices and schemes. Take a look at the schedule at-a-glance:

    Making large-scale projects a reality: Access to Solar Financing in Mexico
    • Dino Barajas, Partner, Akin Gump Strauss Hauer & Feld
    • Carlos Carranza, Project Development Director, North American Development Bank
    • Marian Aguirre Nienau, Head of Power Projects, Bancomext
    • Adrián Katzew, CEO, Zuma Energía

    Adapting Project Finance to the New Era of Distributed Energy Projects
    • John Bates, CEO, Prana Power
    • Franco Capurro, Founder & CEO, Caaapital
    • Marco G. Monroy, Founder & CEO, MGM Innova Capital

    Strategies for Developers to Leverage Specialized Financing
    • Eduardo Reyes Bravo, Manager, PwC
    • Carlos Isorna, Vice President, Macquarie Mexican Infrastructure Fund (“MMIF”)
    • Patricia Tatto, Partner & Country Head, Mexico & Central America, Ata Renewables

    How third parties are thriving in a deregulated landscape
    • Rodrigo Esparza, Compliance Officer, CFE Calificados
    • Juan B. Guichard, CEO, Ammper

    Source: GTM Research

    SAJ Electric