315 MW solar project in Brazil: Latin America-focused Atlas Renewable Energy has commissioned the 315 MW Luiz Carlos Solar Park in Brazil for the global steel giant ArcelorMittal under a build, operate, and transfer (BOT) model. From December 2025, the project will be wholly-owned by ArcelorMittal Brazil as part of its BRL 5.8 billion renewable energy investment plan. All the energy generated by the plant located in Paracatu, Minas Gerais, will be used for the operations of its industrial units in the country. It is equipped with 516,000 bifacial solar modules and advanced trackers. Atlas says this project is the 1st in the country to fully adopt the pre-assembled cabling system Trunk Cable technology, which replaces manual installation of individual cables.
Solar vehicle for 650 MW in Colombia: Colombia’s Ministry of Mines and Energy has launched a solar-PV-focused entity called Gecelca Solar with an initial target of achieving 650 MW installed capacity. It will operate under the country’s public utility Gecelca. The ministry said this marks the utility’s evolution from its historical coal-fired generation roots to clean energy production. This solar vehicle will expand the portfolio of large-scale clean energy generation and reduce energy poverty, especially for the most vulnerable households.
The country’s Minister of Mines and Energy, Edwin Palma, also shared separately that the government has met its commitments to small-scale miners in Boyacá and announced plans to build solar farms to help mining cooperatives diversify income through clean energy. The planned solar farms will be developed with public funds, with cooperatives invited to participate as energy producers as part of a just and democratic energy transition.
Chile awards power supply tender: Chile’s National Energy Commission (CNE) has awarded the 2025/01 electricity supply tender for regulated customers starting in 2027. The 4-year tender covers 3,360 GWh per year, about 11% of projected demand for 2027. It received 708 bids from 6 companies – oversubscribed by 3.9 times the required energy – with strong competition, especially in the north. Enel Generación Chile won 100% of the supply at a price of $64.499/MWh for each of the 3 time blocks for the 4 zones of North, Central, Central-South, and South, well below current contract averages for 2026 at $92.3/MWh. Authorities said the results reflect high market confidence in the tender mechanism. It will continue to refine the bidding system to ensure continued interest.
Limes secures Chile project approval: Italian renewable energy developer Limes Renewable Energy has received environmental approval for its Pradera Larga hybrid Solar and Storage Project in Chile’s Casablanca area in the Valparaíso region. The project combines 84 MW of solar PV with a 90 MW battery energy storage system (BESS), representing an estimated $150 million investment. It is Limes’ largest project outside Europe and supports its expansion in Chile, where the company plans to advance Pradera Larga to the ready-to-build stage while growing its broader PV and BESS pipeline.
ALTÉRRA commits to CIP fund: UAE climate fund ALTÉRRA has committed capital from its Transformation Fund to Copenhagen Infrastructure Partners’ (CIP) Growth Markets Fund II (GMF II), which invests in large-scale greenfield renewable energy projects across Asia, Latin America, and EMEA. GMF II targets offshore and onshore wind, solar PV, battery storage, and Power-to-X projects in fast-growing, emissions-intensive markets. It aims to support rising electricity demand while avoiding an estimated 10 million tonnes of CO₂e annually, shared ALTÉRRA. The company stated that GMF II’s target markets are expected to account for nearly 40% of global solar and wind capacity by 2050.
Chile solar-storage financing: T Power, the Chilean renewable energy platform, backed by Toesca Asset Management, has raised $325 million green loan financing in Chile for a 141 MW/677 MWh BESS project. The proceeds will also be spent on refinancing a co-located 141 MW utility-scale solar plant and 18 small-scale solar projects totaling 121.1 MW. Structured under Green Loan Principles, the package includes term debt, a liquidity facility and a letter-of-credit facility, making it one of Chile’s largest utility-scale solar and storage financings this year, according to White & Case LLP, which advised T Power on the transaction.