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Saudis set eyes on Latin American clean energy

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Abdul Latif Jameel Co., a Saudi Arabian industrial group, is turning its attention to Latin America’s clean-energy market. The company is focusing on government-organized auctions, where developers vie for long-term contracts to sell power, according to Roberto de Diego Arozamena, chief executive officer at Abdul Latif Jameel’s energy unit. Mexico, Chile and Peru offer strong potential for growth in renewable energy, Bloomberg reports. China investment in Brazil hit seven-year high in 2017 China invested $20.9 billion in Brazil in 2017, the most since 2010 as a recession helped push down asset prices and attracted investors, according to Brazil’s planning ministry. […]
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