Seabras files for Chapter 11
Seaborn Networks affiliates Seabras 1 Bermuda and operating company Seabras 1 USA have filed for Chapter 11 bankruptcy protection in the US. Bracewell and Appleby are advising on the restructuring.
Loma Larga mine financing due
INV Metals is looking to close the financing backing its Loma Larga gold-copper-silver project in southern Ecuador this year, as it finalises costs and permitting.
Country buys hydro scheme amid restructure
The Republic of Suriname has closed the purchase of the 180MW Afobaka hydroelectric dam from Alcoa subsidiary Suriname Aluminum Company (Suralco).
Cosan eyes gas pipeline
Brazilian sugar and ethanol group Cosan is seeking environmental permits to build another phase of the Route 4 offshore natural gas export pipeline. The company has applied for the permits via environmental regulator IBAMA.
Bolsonaro rules out solar tax
Brazilian President Jair Bolsonaro has ruled out any new taxes on solar energy in a statement, after power sector regulator Aneel said it was eyeing a cut to incentives for solar developments.
Apache and Total make major oil discovery
Apache Corporation and Total have made a “significant oil discovery” at the Maka Central-1 well drilled offshore Suriname on Block 58.
Zona Energia to hold auction
Chilean energy group Zona Energia is looking to hold a private renewable energy tender in the second half of 2020, pairing large commercial and industrial customers with renewable power projects.
Omega closes wind purchase
Local renewables company Omega Geracao has closed the acquisition of the combined 97.2MW Delta Energia 7 and Delta Energia 8 wind farms in Maranhao from affiliate Omega Desenvolvimento.
Casa dos Ventos nears wind finance
Casa dos Ventos is nearing a deal with development bank BNDES to finance the roughly 500MW Rio do Vento wind complex in Rio Grande do Norte state. Costs are R$2.4bn (US$589m).
ACS lands maiden commercial private placement
ACS Group affiliate Zero-E Sustainable Solutions has closed a US$88m, fully amortising 22-year bond deal backing the 49.2MW Parque Eolico Kiyu wind scheme in San Jose.
Marlim Azul IPP financed
Patria Investments, Shell and Mitsubishi Hitachi Power Systems Americas (MHPS) have closed a roughly R$2bn (US$491m), 24-year financing backing the 565MW Marlim Azul Energia gas-fired power plant in Macaé.
Navitas into Sea Lion
Navitas Petroleum is taking a 30% stake in the Sea Lion oil and gas project, with operator Premier Oil keeping 40% and Rockhopper 30%.
Atlas brings solar scheme online
Atlas Renewable Energy has brought online the 117MW Sertão Solar Barreiras complex in Bahia.
Bear Creek progresses silver mine
Bear Creek Mining Corporation has filed a feasibility study technical report pursuant to national requirements for the Corani silver-lead-zinc property.
Acciona brings renewables online
Spain’s Acciona has brought online the 183MW San Gabriel wind farm and the 62MW Almeyda solar scheme.
Rio taps GE wind
Rio Energy has selected GE Renewable Energy to supply 30 Cypress onshore wind turbines to add 150MW to the former’s Serra da Babilonia wind farm in Bahia.
Nidco lands airport loan
The National Infrastructure Development Company (Nidco) has landed a TT$300m (US$44.4m) loan backing work on Tobago’s ANR Robinson Airport.
Hydro hits COD with PPA revisions
Canada’s Polaris Infrastructure has brought online its Generación Andina portfolio of hydro projects, after financial issues had held up their development.
Colbun mega wind farm progresses
Local power company Colbun is expected to submit its 607MW Horizonte wind farm for environmental approval this month.
Chile approvals in for solar
Chile’s Coquimbo region has approved French company CVE’s 9MW Casablanca solar project. The scheme is being developed by SPV CVE Proyecto Diez and will require around US$12m.
Engie considers hydro purchase
Engie is looking to buy a 51% stake in the 1.7GW Foz do Areia hydro project from state power company Companhia Paranaense de Energia (Copel), according to an interview in Valor Economico.
DIF closes wind purchase
Fund manager DIF Capital Partners, through its most recent fund DIF Infrastructure V, has closed the acquisition of a 100% interest in the 50MW Cerro Grande wind farm from Germany’s Enercon and eab New Energy.
