June 21, 2024
LATAM Highlights
Brazil
Petrobras CEO asserts oil's role in Brazil's energy transition (Merco Press)
Colombia
Ecopetrol secures US$ 241 million loan for investments (América Economía)
Argentina
Milei predicts inflation rebound in Argentina for June (Merco Press)
Chile
Over 50 companies express interest in Chilean lithium (América Economía)
Peru
Energy Minister aims to draw private investment to Petroperú (América Economía)
Panama
Panama Canal to increase draft and daily transit (Dry Cargo)
Ecuador
Transmission line failure causes blackout for millions in Ecuador (AP News)
Venezuela
Venezuela considers extending PDVSA-Chevron joint venture to 2047 (Reuters)
Notable Transactions
Carlyle is exploring a sale of US power giant Cogentrix Energy in a potential $3B-$4B deal.
Princeton NuEnergy, a lithium-ion battery recycling startup, raised a $30M Series A led by Samsung and Helium-3 Ventures.
Engine Ventures raised ~$400M for a third fund to invest in climate tech, health, and advanced systems.
Essential Read
RMI's report shows cleantech's exponential growth: costs down 80%, investments up tenfold, and solar generation up twelvefold in the past decade. This shift makes electricity the primary energy source, cutting energy demand by 20% and accelerating fossil fuel decline toward Paris Agreement goals.
Podcast Spotlight
In this episode of Zero, we delve into record heat and escalating climate impacts, with global temperatures 1.3°C above pre-industrial levels. Bloomberg Green explores the concept of "global weirding" and the surprising intensity of current climate disruptions with a Texas Tech University professor.
Stat of the Week
Private equity-backed renewable investments reach 5-year high at $14.6B. Explore the latest data from S&P Global Market Intelligence on global transactions in renewable electricity, highlighting a strong year with 104 deals.
Our LinkedIn Updates and Posts
- Bill Gates plans to invest billions in a Wyoming nuclear power project to meet growing US electricity demands, with TerraPower LLC starting construction on its first commercial reactor. To learn more, click here.
- Explore the evolving discussion on hydrogen's price risk in long-term offtake contracts and the emergence of new commodity markets akin to natural gas and electricity. Read the complete article here.
