Industry Analysis Archives - Page 2 of 130

55MW Costa Rican geothermal project to be completed by mid-year

The Las Pailas II Geothermal Project is set to integrate into the Costa Rican National Electric System (SEN) in six months time, after a final testing phase. The plant, located in the northwest of the country, will generate sustainable electricity from 55MW of installed capacity. Las Pailas II is the seventh plant of this type […]
Biogas network grows in Cuba

A local engineer, Alexander López Savran, has used his bio-digester innovation to create a distribution network for biogas in neighboring communities in Cuba. “A new bio-digester has been designed to obtain pressure, which means that biogas can be distributed more than five kilometres away without the need for a compressor or blower,” said Mr. Savran, […]
Electric vehicles industry is making strides in Costa Rica

Experts in the Costa Rican transport sector and industry predict changing tides and an increase in the use of electric vehicles in the country. Currently, only 600 out of 1.4 million private vehicles run on electricity. However, this is twice the number of electric vehicles that were on the roads in 2017. Bernal Munoz, a […]
Barbados fund commits to financing energy sector

Barbados’ Enterprise Growth Fund Limited (EGFL) has funded $15.9 million worth of energy projects through its Energy Smart Fund. Mr. Timothy Simmons, the fund’s CEO has reported substantial progress of the renewable energy sector in Barbados, in part supported by the Energy Smart fund. The EGFL funds renewable energy projects for a company, and reduces […]
Guyana to explore its wind power generation potential

Guyana’s Ministry of Public Infrastructure has installed wind measurement stations along its coast to determine the potential of wind as a source for energy generation. “Our department has done a lot of work with solar energy over the years”, said Horace Williams, CEO of Hinterland Electricity Company Incorporated (HECI), the body undertaking this project. “We […]
Dominica to start construction on geothermal project in Q3 2019

The Government of Dominica has announced its goal to start construction of a geothermal power plant before the end of this year. The project, located in the Roseau Valley and just outside the island’s capital city, is funded by the IDB and the Caribbean Development Bank, with support from the World Bank. In March 2018, […]
Sustainable resort in Dominican Republic receives USD119.5 million in financing

The International Finance Corporation (IFC), a World Bank Group member, and IDB Invest have announced their commitment to provide USD 119.5 million to Cisneros Real Estate for a new sustainable resort in the Dominican Republic. This investment will strengthen the country’s appeal for investments, and build a brand as an eco-friendly destination. This development is […]
Jamaica completes offshore LNG terminal

The natural gas supplier New Fortress Energy has finished construction for its new floating regasification vessel, the Golar Freeze, off the Old Harbour in Jamaica. This deal is expected to generate over USD22 million for the vessel’s owner, Golar LNG Partners. New Fortress is planning a USD 100 million initial public offering, though the details […]
Caribbean to pilot UN geothermal classification scheme

This classification system is designed to encourage investment in geothermal projects. The classification scheme was discussed at a workshop recently held in St. Lucia by the International Renewable Energy Agency (IRENA), the International Geothermal Association and the World Bank. The scheme, the ‘United Nations Framework Classification (UNFC) to Geothermal Energy Resources and Reserves’ is a […]