May 24, 2024
Within our Network
Congratulations, Entoria Energy, on the launch of your latest rooftop solar project at Seascape Village in Manila, Philippines! This 580kWp installation marks a significant step towards sustainability.
LATAM Highlights
Brazil
Brazilian court orders Petrobras to pay $193M in tax case. (Reuters)
Colombia
Colombia's president Petro directs opening of Embassy in Ramallah.(Reuters)
Argentina
Milei's path to unlocking Argentina's copper potential. (Reuters)
Chile
Chile introduces subsidy for hydrogen electrolyser manufacturing.(Hydrogen Insight)
Peru
Southern copper to begin Tía María project in Peru by 2025.(America Economia)
Venezuela
Up to 50 firms apply for U.S. oil licenses in Venezuela, official reports. (Reuters)
Mexico
Mexico's presidential leader balances tensions with outgoing populist. (AP News)
Notable Transactions
Brazilian oil junior 3R Petroleum Oleo e Gas agreed to acquire Enauta Participacoes in a $1.2B all-stock deal.
ExxonMobil and Shell are among energy giants evaluating bids for up to 40% stake in Galp Energia's major oil field offshore Namibia, which could be worth $20B.
Dubai-based private energy firm Alcazar Energy raised $490M for a second renewable energy fund.
ETF Partners raises €285M for climate startups that will be effective quickly — not 20 years down the road.
Essential Read
The Global Electricity Review 2024 reports that renewables generated a record 30% of global electricity in 2023, driven by solar and wind. Despite a hydropower shortfall, this marks a turning point towards declining fossil fuel generation and peak power sector emissions. To learn more, click here.
Podcast Spotlight
The debut episode of Reuters Econ World: Protectionism discusses US tariffs on China's EV industry, the difference between protectionism and local policy, and its impact on consumers, with insights from Beijing. To learn more, click here.
Stat of the Week
See how global energy investment has shifted, with clean energy investments outpacing fossil fuels. Partnering with EnergyX, we analyze the changing landscape of energy investment and the promising returns from clean energy investments. Click here to learn more.
Our LinkedIn Updates and Posts
Latin America weighs tariffs amid China's $8.5B steel surge. Read the full article here.
Biochar leads the carbon removal market despite low attention. Read more here.
China's rapid nuclear expansion threatens U.S. sector dominance. Learn more here.
Meme of the Week
