LATEST REGIONAL PROJECT UPDATE
1 BRAZIL
2
ARGENTINA
To turn wind into electricity more economically and efficiently , a new wind energy technology is under development at the Federal University of Santa Catarina ( UFSC ). Scientists from the UFSCkite group are working on a prototype that replaces conventional towers with a cable and , in place of blades , a type of wing is used . According to Alexandre Trofino , project coordinator , in this way it is possible to exploit the energy of winds at high altitudes , inaccessible to conventional towers . According to him , the height can reach about 600 meters with the cables .
The Inter-American Development Bank ( IDB ) has approved a U $ 100 million loan to improve connectivity in Argentina . The money will be used to improve digital connectivity infrastructure in remote areas and increase the capacity of the National Data Center . The program will improve service by funding the purchase and updating of storage and information processing equipment at the National Data Center of state-owned telco Argentine Satellite Solutions Company ( ARSAT ).
3 CARIBBEAN
4
CHILE
WiPay , the Caribbean ’ s leading fintech company , has unveiled this new digital payment option with the launch of its WiCare Digitial Grant Initiative in partnership with St Elizabeth South Western Member of Parliament , Floyd Green . Some 100 health-care front line workers from Black River Hospital are to benefit , with each of them receiving U $ 7,500 from WiPay ’ s Regional Digital Payments Transformation Fund . Recipients of the grant will each receive a QR code via text message , WhatsApp or email .
Crédit Agricole CIB advised and financed a U $ 980 million project finance deal for Chilean energy platform GM Holdings S . A ( Generadora Metropolitana ), a 1.23 GW multi-technology energy platform providing 8 % of the Chilean electricity market . The financing was the largest non-recourse transaction in Chile this year . The jointly owned company currently supplies electricity on a 24-hour basis to regulated users of 23 Distribution Companies in an amount up to 4,000GWh per annum , which equates to 8 % of the Chilean regulated electricity market .
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