The World Bank on Wednesday approved an International Development Association credit in the amount of US$3.5 million and an International Bank for Reconstruction and Development loan in the amount of US$ 3.5 million for the Renewable Energy and Improved Utility Performance Project (REIUP) for Cabo Verde in Western Africa.
More than 24% of electric power demand in windy Argentina was supplied by eolic energy during the month of July, which is considered a historic record when it comes to renewable energies, pointed out by the country's Energy Secretariat.
Brazil has now moved past the 7 gigawatts (GW) mark of total installed renewables – and has set the ambition of 45% of its energy needs being generated in similar form by 2050.
By Antonio Guterres (*) Without ambitious action, the Paris agreement is meaningless. So I’m bringing world leaders together to build the future we need. Tens of thousands of young people took to the streets on Friday with a clear message to world leaders: act now to save our planet and our future from the climate emergency.
Uruguay ranks second in the world among eolic-energy producing countries with a 40.1% share and is the only non-European nation in a top position, according to a report by the SEG Ingeniería consultancy firm.
Brazilian state-run oil and gas company Petrobras has signed a memorandum of understanding (MoU) with French oil major Total SA and its green arm Total Eren SA for collaboration in renewable projects in Brazil.
Argentina has declared 2017 as the ‘Renewable Energy Year’ as the country looks to increase awareness about the advantages of renewable energy and the important of sustainability. A decree issued by the government calls for energy diversification through the use of renewable energy sources in the electricity generation as well as thermal energy sector.
The International Energy Agency said in its latest report that last year the world's capacity to generate electricity from renewable sources has now overtaken coal, and renewable accounted for more than half of the increase in power capacity.
As part of Uruguay long term plan to promote investment in infrastructure and finance investment in electric power plants using renewable energy resources, essentially wind and solar so as to diversify the country energy mix and cut CO2 emissions, the country will be receiving a 250 million dollar credit line from the Inter American Development Bank, IDB.
The Inter-American Development Bank (IDB) has approved a 40.9 million dollars loan from its ordinary capital and 25 million from the Canada Climate Fund, which is administered by the Bank, to finance the private sector in Uruguay in the construction, operation and maintenance of a photovoltaic solar energy plant and its related facilities.