Posts Tagged ‘Chile’

Sungrow Prepares to Further Drive Energy Transition in the Andean Region

BOGOTA, Colombia, Nov. 10, 2023 /PRNewswire-HISPANIC PR WIRE/ — On October 24 and 25, 2023, the Latam Future Energy Andean Renewable Summit took place in Bogota, Colombia. Sungrow, the global leading PV inverter and energy storage system supplier was key member of the summit, the Company shared insights in both solar and storage markets in varied applications, which is expected to fuel the energy transition.


Sungrow’s business strategy in the markets of the Andean region is optimistic. According to Héctor Nuñez, Sungrow North LATAM Head of Sales, the markets are focused on the deployment of more solar energy, although some stand out for their stability and growth potential.

Chile is presented as a solid market, among the company’s target markets. Landmark projects Sungrow supplied include the 181.25 MW Coya PV project and the 638 MWh Coya BESS project. However, Sungrow’s approach is not limited to just stable markets.

“Colombia has shown interesting dynamism in recent years where Sungrow is one of the market’s pioneers. Additionally, the company is moving into growing markets, such as countries in Central America and the Caribbean, and supplies landmark projects in each market,” Luis Miguel González Castillo, Sungrow Key Account Manager for Colombia and Central America, who spoke at the summit.

The attributes of the Company allow it to have greater ambitions. When it comes to the core of its success, Oliver Quintero, Key Account Manager at Sungrow said: “Technical innovations are the core of our long-term development.”

Sungrow’s 1+X Modular Inverter for the utility-scale market is a flagship product among its numerous innovations. This product combines the advantages of both central and string inverters, featuring a 1.1 MW single unit at the minimum, and the maximum capacity can be expanded to 8.8 MW by combining eight units; thus, creating a more flexible design for different blocks sizes and allowing for easier on-site operation and maintenance.

Sungrow’s commitment to innovation doesn’t stop with inverters. The company is also focused on improving its energy storage offering. With an emphasis on storage density, cost reduction, and premium safety, Sungrow offers liquid cooled energy storage systems, the PowerStack and the PowerTitan, which are tailored to commercial & industrial and utility-scale energy storage markets respectively.

For the last four years, Sungrow has been ranked as the world’s most bankable inverter brand (source: BloombergNEF). As Latin America is one of its strategic markets, the Company remains a large player in the region. According to its announcement during Intersolar South America 2023, its cumulative PV inverter orders contracted for Latin America hit 15 GW.

About Sungrow

Sungrow Power Supply Co., Ltd. (”Sungrow”) is the world’s most bankable inverter brand with over 405 GW installed worldwide as of June 2023. Founded in 1997 by University Professor Cao Renxian, Sungrow is a leader in the research and development of solar inverters with the largest dedicated R&D team in the industry and a broad product portfolio offering PV inverter solutions and energy storage systems for utility-scale, commercial & industrial, and residential applications, as well as internationally recognized floating PV plant solutions, NEV driving solutions, EV charging solutions and renewable hydrogen production systems. With a strong 26-year track record in the PV space, Sungrow products power over 150 countries worldwide. For more information about Sungrow, visit

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Mastercard And LATAM Airlines Group Sign Partnership Agreement To Enhance The Travel Experience

MIAMI and SANTIAGO, Chile, June 23, 2021 /PRNewswire-HISPANIC PR WIRE/ – Mastercard and LATAM Airlines Group announced today they have signed a seven-year agreement that seeks to enhance the travel experience for passengers around the world. As part of the agreement, the companies will introduce new credit card solutions and benefits that meet the evolving needs of frequent travelers—digitizing the travel experience with personalized, contactless, and secure technologies—and consists of two implementation phases.  The first, which begins today, expands the benefits of LATAM Pass credit cards in Chile, Argentina, Brazil and Ecuador. The second phase will begin later this year and will include other relevant markets within Latin America.

Mastercard & LATAM Airlines Group

For several years, Mastercard and LATAM Pass, the most relevant frequent flyer program in Latin America, have collaborated with issuing banks to introduce co-branded credit cards and benefits to their loyal customers when flying to more than 115 destinations within the LATAM network.

“Many industries, including travel, are accelerating their digital transformation to deliver innovations across consumer touch points,” said Kiki del Valle, executive vice president of Market Development for Latin America and the Caribbean for Mastercard. “With our data analytics and ability to continuously adjust to consumer trends and market forces, we are excited to innovate in the travel space together with the LATAM Airlines Group team, which is equally passionate about evolving the travel experience for the digitally connected traveler.”

LATAM Pass VP Ralph Piket noted that, “we are sure that the partnership agreement with Mastercard will allow us to not only further accelerate our innovation, but also to improve the travel experience of our customers. As we know, the future of the airline industry is essentially being digital and seamless, and LATAM is working in that regard. In this context, the partnership with Mastercard is a very relevant step on that path and adds to the launch of our e-business unit last year.”

Both parties will begin work on the launch of new benefits and new Mastercard LATAM Pass programs, offering more mileage accrual and redemption alternatives in both travel and partner merchants, which will be communicated as soon as they are available.

About Mastercard (NYSE: MA)
Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments, and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.

LATAM is the principal group of airlines in Latin America present in five domestic markets in the region: Brazil, Chile, Colombia, Ecuador and Peru, in addition to international operations inside Latin America and between it and Europe, the United States, and the Caribbean.
The group has a fleet of Boeing 767, 777, 787, Airbus A321, A320, A320neo and A319 aircraft.
LATAM Cargo Chile, LATAM Cargo Colombia, and LATAM Cargo Brazil are the LATAM Airlines freight subsidiaries. In addition to having access to the passenger cargo holds of LATAM Airlines Group, they have a fleet of 11 freighters, which will gradually increase to a total of up to 21 freighters by 2023.
They operate on the LATAM Group network as well as International routes that are solely used for shipping. They offer modern Infrastructure, a wide variety of services and protection options to meet all customer needs.
For press inquiries write to comunicaciones.externas@ . More financial information is available at

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Scotiabank formalizes agreement with BBVA to acquire its shares in BBVA Chile

TORONTO and NEW YORK, Dec. 5, 2017 /PRNewswire-HISPANIC PR WIRE/ — Scotiabank announced today that Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) has formally accepted Scotiabank’s offer to acquire its 68.19% ownership in BBVA Chile, and its interests in certain subsidiaries, for approximately US$ 2.2 billion (CAD$ 2.9 billion). Scotiabank has entered into definitive agreements with BBVA and intends to merge BBVA Chile with its existing operations in Chile (Scotiabank Chile), subject to regulatory approvals.

The Said family, which owns 31.62% of BBVA Chile, has waived its Right of First Refusal to acquire BBVA’s shares of BBVA Chile, but maintains the right to tender all or a portion of its shares in the mandatory tender offer to be carried out by Scotiabank. The Said family has indicated their willingness to potentially remain in the business and, if so, would invest up to approximately US$ 500 million (CAD$ 650 million) in order to own up to 25% of the combined business when Scotiabank Chile and BBVA Chile are merged. In this scenario, and if the transaction is completed, Scotiabank’s Common Equity Tier 1 capital ratio will be impacted by approximately 90 basis points.  Scotiabank’s Common Equity Tier 1 capital ratio would be impacted by approximately 135 basis points, if the transaction is completed and the Said family tenders all of its shares to Scotiabank.

This transaction is in line with Scotiabank’s strategy to increase scale within the Chilean banking sector and the Pacific Alliance countries. It will double Scotiabank’s market share in Chile to approximately 14%, and make Scotiabank the 3rd largest private sector bank in the country.

“We are pleased to have reached an agreement with BBVA to acquire their shares of BBVA Chile.  We look forward to a partnership with the Said family and to build a better bank in Chile,” said Brian Porter, President and CEO at Scotiabank.  “BBVA Chile has a proven track record of providing leading financial products and services to customers across the country and this transaction demonstrates excellent synergy between both banks with customer-centric cultures.”

“This acquisition allows us to create a leading bank in Chile underpinned by a solid risk culture and provides opportunities to accelerate our digital transformation, while building a high performance team,” said Ignacio (Nacho) Deschamps, Group Head, International Banking and Digital Transformation at Scotiabank.

Conference call

A conference call will take place on December 5, 2017, at 8:30 a.m. ET. Interested parties are invited to access the call live, in listen-only mode, by telephone at (416) 640-5944, or toll-free at 1-800-281-7973 (please call five to 15 minutes in advance). In addition, an accompanying slide presentation may be accessed via the Investor Relations page of Following discussion of the transaction by Scotiabank executives, there will be a question and answer session.

A telephone replay of the conference call will be available from December 5, 2017, to December 20, 2017, by calling (647) 436-0148 or 1-888-203-1112 (North America toll-free) and entering the identification code 9422114#.

About Scotiabank
Scotiabank is Canada’s international bank and a leading financial services provider in North America, Latin America, the Caribbean and Central America, and Asia-Pacific. We are dedicated to helping our 24 million customers become better off through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With a team of more than 88,000 employees and assets of over $915 billion (as at October 31, 2017), Scotiabank trades on the Toronto (TSX: BNS) and New York Exchanges (NYSE: BNS). For more information, please visit and follow us on Twitter @Scotiabank.

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HBO Series Profugos and Mulher de Fases Nominated for Best Drama TV Series and Best Comedy TV Series at the Monte Carlo Television Festival

MONACO, April 25, 2012 /PRNewswire/ — Profugos and Mulher de Fases, the successful productions of HBO Latin America, were nominated for the Golden Nymph at the Monte Carlo Television Festival in the Best Drama TV Series and Best Comedy TV Series categories. 

“It is an honor for HBO Latin America to once again have two original productions like Profugos and Mulher de Fases be nominated for this award,” stated Luis Peraza, HBO LA’s executive vice president of Original Production.  He also added, “This honor is a true recognition of HBO’s commitment to create the highest quality content in the region.”

Profugos is a dramatic series filmed entirely in Chile, which revolves around a failed drug trafficking operation that triggers a frantic pursuit by the mafia and by law enforcement for those responsible, causing them to desperately flee across the Chilean countryside.  The series, which combines drama and action, has allowed HBO to have solid impact on its audience with the content of impeccable quality that is produced regionally. 

Mulher de Fases was the first comedy by HBO Latin America Originals, and it was the channel’s first incursion into the genre.  Mulher de Fases follows the adventures of Gracia (Elisa Volpatto) a real estate agent, who after her divorce, is searching for the ideal man to start her life over with.  The fun begins when the protagonist transforms herself and changes her personality depending on the current suitor.

Mulher de Fases was also nominated for Outstanding International Producer and Outstanding Actress in a Comedy TV Series, while Profugos was nominated for Outstanding Actor in a Drama TV Series and also for Outstanding International Producer.  

For more information about Mulher de Fases and Profugos as well as other HBO Original Series, subscribe to HBOLAPRESS, HBO Latin America’s press room. 

About HBO Latin America 

HBO Latin America is the leader in paid, Premium television network broadcasting in the region, who as well as being recognized for the quality and diversity of its original programming, movies, and documentaries, delivers services of the highest technology in SD and HD formats in over 23 countries in Latin America and the Caribbean through its channels HBO®, HBO2®, HBO® Signature, HBO® Plus, HBO® Family, HBO Caribbean®, Cinemax®, MAX®, MAX HD®, Max Prime (SM) and HBO OD.

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CaribWorldNews Rebrands As News Americas

Carib PR Newswire, NEW YORK, NY, Sat. Feb. 26, 2011: Get ready for News Americas,

Executives of Hard Beat Communications have rebranded their CaribWorldNews wire to fit the company’s new goal of covering a larger demographic and capturing the emerging interest in the Americas, especially Latin America. will replace, though readers will still be able to access the site through domains:, and

The company’s new aim is to focus more on the top news, entertainment, business, sports and lifestyle and cuisine of the Americas and the content will be syndicated across over 50 sites and via EBSCO publishing.

The brand new website featuring web 3.0 technology will also allow for live feedback from readers who can view a live weather forecast, translate stories to suit their language need, listen to a Caribbean audio newscast right on the site and check out the preview of the latest bold move by HBC executives – a Caribbean entertainment newscast that will be presented weekly by a swimwear-clad anchor.

The video cast pioneers a new look and feel in the presentation of Caribbean news that is targeted specifically to the news service’s growing Internet followers globally.

Known for their spirit of innovation and originality, HBC CEO Felicia Persaud says 2011 is all about upping the ante – expanding into the Americas while still keeping the sexiness of the beach and the Caribbean’s beauties – with the video news of Caribbean-born celebrities.

The V-cast is being produced in collaboration with Mark Wright of Flatbush TV and will feature both male and female hosts. Wardrobe will be provided by popular Caribbean designers, including Guyana’s own, Roger Gary.

Persaud added that the company will, however, keep its weekly audio news cast focused on the Caribbean, given the BBC’s pull out from the region. The cast is aired across the U.S. on 13 radio stations and podcasted on 32 African-American and Caribbean websites.

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