Industry Analysis Archives - Page 2 of 145

Colombia ratifies its goal to reach 1500MW of renewables by 2022

Colombia announced it commitment to meet its Paris Agreement targets of carbon emissions reduction by reaching an installed capacity of renewable energy sources of 1500MW by 2022. The Colombian Minister for Mining and Energy, María Fernanda Suárez Londoño, made the announcement at a preparatory meeting for the UN Climate Action Summit. “The diversification of our […]
Costa Rica geothermal plant achieves successful operation

The Las Pailas II Geothermal project in Costa Rica achieved a 55MW rate capacity yesterday. Costa Rican Electricity Institute engineer Didier Ugalde announced the successful operation of its plant. The geothermal power plant has 21 wells, and a 55MW class steam turbine and generator provided by Mitsubishi Hitachi Power Systems. This geothermal power plant is […]
Dominican Republic develops new sustainable tourism plan

The Dominican Republic has developed a new tourism plan in collaboration with the UN Environment Programme. The Roadmap for Low Carbon and Resource Efficient Accommodation in the Dominican Republic was launched in May in Punta Cana. After two years of research, data collection and analysis, the plan sets out goals and targets to measure and […]
Costa Rica adds inverters to its largest solar PV installation

Costa Rica has added ABB’s inverter technology to its 6.2MW solar PV plant to provide a reliable, clean and independent energy source to 10% of its country’s population. Twenty eight of ABB’s PVS-175 inverters were added earlier this year to the solar energy farm, Proyecto Fotovoltaico Cooperativo. This 19 000 panel installation supplies electricity to […]
Canada pledges over $220 million to cut emissions in Latin America and the Caribbean

Canada’s Environment Minister Catherine McKenna announced her government’s funding commitment to support renewable energy and sustainable development in the Americas at the Ministerial on Climate Action in Brussels, Belgium. Canada’s funding commitment of $223.5 million will go to the Canadian Climate Fund for the Private Sector in the Americas (C2F). This financing is expected to […]
Barbados received funding for renewable energy projects

Barbados has received 1.4 million euros from the European Union as a second tranche of financing under the 11th European Development Fund Renewable Energy and Energy Efficiency Budget Support Programme. This funding for renewable energy will be used to support Barbados towards its goal of becoming 100 per cent fossil fuel-free by 2030. Barbados has […]
Geothermal in the Southern Cone: The New Frontier?

From our Editorial Team

To set the stage for the 6th Geothermal Congress for Latin America & the Caribbean on November 17-18 in Santiago, Chile, New Energy Events gathered experts from the region to discuss the future for geothermal in Chile and Argentina. The webinar “Geothermal in the Southern Cone: The New Frontier?” was held on June 13, 2019. To watch […]
Chile to issue more sovereign green bonds

Chile emitted its first sovereign green bond last week. Due to its success, further sovereign green bonds are expected to be issued by the state. The bond low’s interest rate, good rating and its high demand resulted in the success of Chile’s first green bond to surpass expectations. “The issuance of our first green bond […]
Nicaragua obtains financing for 50MW solar project

Nicaragua announced it has secured funding for the installation of a 50MW solar PV plant. This project is led by the Ministry of Energy and Mining, Enatrel. The plant’s capacity could reach 100MW after the project’s second phase. No details have yet been released in regards to the exact amount of capital to finance the […]