March 28, 2025
LATAM Highlights
Brazil
Brazil’s central bank signals prolonged high rates (Reuters)
Colombia
Glencore’s Cerrejón to cut Colombia coal output by up to 10M tons yearly (Reuters)
Argentina
Argentina utility bonds face privatization test (Bloomberg)
Chile
Chile keeps key rate amid global uncertainty (Bloomberg)
Peru
Peru’s Buenaventura secures water plan for El Algarrobo (América EconomÃa)
Panama
Panama to delist 128 ships as US sanctions tighten (Bloomberg)
Ecuador
Ecuador pipeline rupture spills 25,116 barrels of oil (Reuters)
Venezuela
Trump targets Venezuelan oil importers with tariffs (Financial Times)
Guyana
Guyana emerges as the world’s newest petro-state (Oil Price)
Mexico
Mexico inflation slows before Banxico vote (Bloomberg)
Global Energy Watch
Renewables and natural gas surge ahead of oil and coal (Reuters)
OLADE and CAF recommend strengthening gas infrastructure between Chile and Argentina (América EconomÃa)
Notable Transactions
BP is considering selling up to 50% stakes in its two biggest Gulf of America projects
Nuclear reactor company Terrestrial Energy will merge with HCM II Acquisition Corp. at a ~$1B valuation, including debt
Carlyle is seeking a buyer for Colombian oil producer SierraCol for ~$1.5B
Must Read
IEA’s Electricity 2025 report highlights the surge in global electricity demand driven by electrification in various sectors. It examines trends like expanding power systems, reliance on weather-dependent energy, and challenges like negative electricity prices, offering crucial insights into the future of electricity supply and demand.
Featured Podcast
In this Zero podcast, Melanie Rua from Bloomberg Intelligence discusses a new report on water scarcity, which predicts a 40% gap between demand and supply by 2030. This crisis could risk up to $70 trillion of global GDP, affecting industries from agriculture to e-commerce. Rua explores the financial impact on companies and possible mitigation strategies.
Data Insight
The Visual Capitalist graphic ranks the top 20 countries by battery storage capacity, showcasing the fastest-growing segment of global battery demand. With a 52% growth in 2024, the Battery Energy Storage System (BESS) market outpaced the EV battery sector. This graphic visualizes both current and planned grid capacities in gigawatt hours (GWh), based on exclusive data from Rho Motion.
LinkedIn Roundup
Bolivia prepares to export electricity to Brazil, while Paraguay does not intervene. Read more.
Donald Trump to hit countries that buy Venezuelan oil with 25% tariff. Learn more.
Upcoming Events
April 3-4: Renewable Energy Conference. Madrid, Spain
April 9-10: Wind Europe Annual Event 2025. Copenhagen, Denmark
April 9-10: 8th Latin America Energy Summit. Santiago, Chile
April 9-10: Industrial Decarbonisation Europe 2025. Amsterdam, Netherlands
April 24-25: Summit on the Future of Energy Security. London, UK
May 20: BNEF Summit. Munich, Germany
June 5-6: Net Zero Tech. Barcelona, Spain
June 12-13: Global Conference on Energy Efficiency. Brussels, Belgium
Meme Corner
