NextEnergy Capital announced two deals for the purchase of a total of 53.8 MWp of solar capacity in Portugal and Chile. For its acquisition in Chile, the company acquired a portfolio of four projects from Spanish renewables developer Grenergy Renovables SL. These projects qualify to sell power under the country's framework for small-scale distributed generation (PMGD) plants, with commissioning due in the first half of 2021.
German energy trader Mabanaft will buy up to 500 million litres of carbon neutral eFuels from a green hydrogen production plant in Chile. A consortium of international companies are working on the pilot project, which is expected to yield the world’s first integrated, commercial industrial-scale plant for making synthetic climate-neutral fuels.
SafetyPay announced a new partnership with LATAM Airlines Group, to enable its digital payment wallet. SafetyPay's solution will allow non-card holders and fraud-wary consumers to participate in the purchase of airline tickets via bank transfer or cash without sharing their information online. The partnership was recently launched in Chile, Colombia and Ecuador, while other markets such as Brazil and Peru will follow next year.
Yidu Group was awarded he gold medal of the Chinese online retail chain JD.com's Gold List awards in the cherry category for the quality, safety, and security of its cherries imported from Chile.
ProChile, the Chilean Cherry Committee of the Chilean Fruit Exporters' Association (ASOEX), has launched the very first generic promotion campaign in India to introduce their fruit to Indian consumers. ProChile is working with the Chilean Embassy in India and the office of the Chilean Trade Commission. Juan Angulo M, Ambassador of Chile to India, inaugurated a promotion campaign at Foodhall, Chanakyapuri. The retailer showed an attractive display of Chilean Cherries and reported good sales.
Indonesia and Chile began negotiations over trade services between the two countries. If completed, Indonesia could have new market access to Chile for transportation, financial, construction and professional services. The two countries also agreed to start the negotiations as part of the Indonesia-Chile Comprehensive Economic Partnership Agreement (IC-CEPA). A joint document was agreed upon, namely the Joint Statement on the Launch of Services Trade Negotiation of the IC-CEPA.
Peru-based Unión Andina de Cementos (Unacem) has signed a $23 million contract with Cementos La Unión, Aridos Jativa & Chile’s Inversiones Mel 20 Ltda for the purchase of the full stake of shares of Cementos La Unión in Chile and 100% of the social rights of Inversiones Mel 20. The contract is subject awaits approval by the Chilean National Economic Prosecutor's Office. Subject to approval, Unacem will own the 0.3Mta San Antonio plant.
In 2020, China consolidated its position as one of Chile's main trading partners. Between January and September 2020, trade between the two countries reached $30.6 billion. Exports reached $19.05 billion, with copper being by far the main product sent to China ($13.8 billion).
Pro Chile, with its Go Global program, has chosen Miami as a reference point for Chilean startups who want to scale. The city is the gateway to Latin America and different initiatives offer opportunities to obtain millions of dollars in investments. One example is The Cambridge Innovation Center that offers a $2 million grant.
The Colombian Electric Interconnection (ISA) announced its commitment to Chile by investing $4.85 billion in its different businesses until 2023. In the energy business, investments in the coming years are estimated to be $2.2 billion.