Summary: Capacity Market Regulation, Stake in Generating Silver and Gold Mine, $500 Million Green Bonds – BNamericas

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Summary: Capacity Market Regulation, Stake in Generating Silver and Gold Mine, $500 Million Green Bonds – BNamericas

Capacity market

Chile’s capacity market regulations were due to be resubmitted to the comptroller general’s office this week after being withdrawn on Thursday.

This measure, the Ministry of Energy said in a statement, is part of the regulatory analysis procedure carried out by the autonomous control body and indicates that the process is moving forward.

Approval from the Comptroller General is needed for the regulations, eagerly awaited by potential investors in energy storage, to take effect. Regulations should provide more clarity in the area of ​​remuneration, which could in turn help to facilitate access to finance.

Central port

Argentina’s largest power producer, Central Puerto, has entered into an underwriting agreement to acquire C$10 million (US$7.29 million) worth of shares in Toronto-listed mining company AbraSilver Resource through a private placement.

Central Puerto previously said it was exploring investment opportunities in the local metals mining industry.

The power company, consolidating its position as the leading player in the power generation sector, announced the acquisition of forestry assets last year.

READ ALSO : Argentina’s largest producer and its growing footprint

AbraSilver, meanwhile, will use the funds for the exploration and development of its flagship Diablillos silver-gold project in the Salta province, among other objectives.

Canadian company Kinross also agreed to acquire 10 million Canadian dollars in AbraSilver.

Sale of Engie Energía green bonds

Chilean electricity producer Engie Energía has placed $500 million in green bonds on the international market.

Profits will be used to finance renewable energy projects and energy storage systems, a statement said.

Engie is exiting the coal-fired power generation sector while developing its renewable energy and energy storage capabilities. The company has announced plans to convert coal-fired power plants involving biomass and natural gas.

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