Chile Greenlights $1 Billion Renewable Energy Investments
Chile’s Ministers’ Committee has unlocked more than $1 billion in renewable energy investments during its first session under the country’s newly appointed President, José Antonio Kast. The committee confirmed favorable environmental qualification resolutions for 3 renewable energy projects. The approved initiatives include the Tarapacá Non-Conventional Renewable Energy project, a solar and wind facility with an investment of $200 million. These are located in Pozo Almonte, Tarapacá Region, and in María Elena, Antofagasta Region. The committee also cleared the Rinconada Wind Farm, a $365 million solar and wind project planned in Laja and Los Ángeles in the Biobío Region, and the Los Coihues Wind Farm, a US$470 million project in El Carmen, Pemuco, and San Ignacio in the Ñuble Region. According to the environment ministry, the committee will now meet at least once a month to accelerate the resolution of pending environmental claims and streamline project approvals.
Econer Wins PPAs for 200 MW Solar and Storage in Guatemala
Econer, the Spanish renewable energy developer, has announced it has won contracts for 200 MW solar and storage projects in Guatemala’s largest power auction under the country’s Electricity Generation Expansion Plan (PEG-5). The projects are the 140 MW Cocales and 60 MW La Hulera solar PV projects, both of which have secured power purchase agreements (PPAs) for 15 years each. While the Cocales project will feature a 20 MW/80 MWh battery energy storage system (BESS) capacity, La Hulera will include a 10 MW/40 MWh BESS. Both facilities will come online in 2028. The auction attracted 51 technical bids for close to 4.7 GW of installed capacity, a significant oversubscription over 1.4 GW on offer (see Largest Energy Tender In Guatemala Targets 1.4 GW Capacity).
According to Strategic Energy, a preliminary assessment by the country’s main distribution companies, EEGSA and ENERGUATE, shows that renewable energy dominates the bids received, representing over 1.35 GW of capacity. Of the 48 projects to be awarded, 37 are vanilla renewable energy projects, while another 8 are hybrid facilities. Renewable energy bids average $16.15/kW, while the average energy price reaches $60.80/MWh. Official declaration of the winners is scheduled for April 16, 2026.
Peru Approves Land for 94 MW Wayra Solar Plant
The Ministry of Energy and Mines in Peru has awarded permanent land-use rights or permanent occupancy easement to Orygen for its Wayra Solar PV Project. It has ordered the company to ensure there is no damage or harm to the easement area, according to local media reports. With over 400 MW of installed capacity, the facility is planned as the 1st wind-solar complex in Peru. It will combine the existing Wayra I (132.3 MW) and Wayra Extension (177 MW) wind farms with the new Wayra Solar PV Project featuring 94.22 MW AC installed capacity. The facility will be located on a 260-hectare piece of land in the Marcona district of Nasca province in the country’s Ica region. Commercial operations are due to begin in Q4 2026. Construction has been ongoing since June 2025.
Barro Alto Solar Complex Begins Operations in Brazil
Brazilian renewable energy company Newave Energia, in partnership with steel producer Gerdau, has inaugurated the Barro Alto Solar Complex in the state of Goiás, Brazil. The project is built for an investment of around BRL 1.3 billion and has an installed capacity of 452 MW. Built across approximately 800 hectares, the complex includes about 731,000 PV modules and can generate enough electricity to supply a city of roughly 350,000 people. During construction, the project created around 3,000 jobs and supported local supply chains, according to the project developers. The electricity produced will be supplied to both the free energy market, with flexible contracts for corporate consumers, and to industrial consumers through a self-production model.
CPP Investments & I Squared Get EU’s Green Signal for Inkia Acquisition
The European Commission has approved the proposed acquisition of Inkia Americas, Kallpa Generacion, and Orazul Energy Peru by Canada Pension Plan Investment Board (CPP Investments) of Canada and I Squared Capital Advisors of the US. The commission concluded that the transaction would not raise competition concerns, given the limited impact on the European Economic Area. Both companies announced plans in February 2026 to acquire a 50:50 ownership stake in Peru-based electricity generation company Inkia Energy, which operates a 2.6 GW renewable energy portfolio (see Latin America Solar PV News Snippets).
Qair’s 192 MW Brazilian Solar Farm Bags PPA with Ultragaz
Qair, the independent renewable energy company based in France, has signed a solar PPA with Ultragaz, Brazil’s largest LPG distributor. The contract is for the former’s 192 MW Bom Jardim Solar Project in Icó, Ceará. Fully commissioned earlier this year, the plant will supply 131.5 GWh of renewable electricity annually to Ultragaz under the PPA. Qair says the project supports Brazil’s renewable energy diversification in Brazil and reflects the company’s innovative approach to flexible PPAs and long-term energy solutions for private-sector partners.