Industry Analysis Archives - Page 94 of 99

Jamaican Energy Prices Fall Dramatically

The price of a kilowatt hour in Jamaica has dropped in the past 12 months from .46 cents/kwh in 2012 to .26 cents/kwh today. According to the Jamaican Ministry of Energy & Mining, this reflects the adoption of substantial renewable energy and energy efficiency programs. Retrofits include “cool roofs”, solar power and improved air condition […]
Trinidad and Tobago Pursues $1 Billion Sustainable Energy Fund for Caribbean

Following up on the January 2015 meeting of Caribbean leaders and US Vice President Joe Biden, Trinidad & Tobago Planning and Sustainable Development Minister, Dr. Bhoe Tewarie, is confident that creating a $1 billion in fund for sustainable energy in the region is possible. This far, possible contributing donors include the IDB, Spain, Canada and […]
Are Renewables the Answer for Puerto Rico’s Energy Challenges?

Debt levels in the billions and energy rates 2.5 times that of the main-land US are only the start of Puerto Rico’s energy challenges. Could a great commitment to renewable energy be the solution? What changes would Puerto Rico’s utility, PREPA need to make in order to assist with a transition?
Cuba Seeks Foreign Investment To Build 13 Wind Farms

In pursuit of a transition from a 4% renewable energy matrix to 24%, Cuba is seeking financing for thirteen potential wind projects. Estimated annual cost-savings from renewable energy is $780 million.
Island Leaders Endorse Renewables Action Plan

Island leaders have approved a plan to further integrate renewable energy projects into small island development. Under the umbrella of the International Renewable Energy Agency (IRENA) Island Lighthouse Initiative, the Martinique Action Plan, “outlines practical steps for renewable energy deployment for developing island nations, and has targeted […] the installation of 100 MW of solar PVand 20 […]
Plans for South America’s First Geothermal Plant Underway

Chile’s state-owned utility and Enel Green Power have signed a contract to begin construction of a 50MW geothermal plant in the Northern region of the country. The project will cost approximately $180 million and will be in operation by the end of 2016.
St Vincent geothermal project on track to start-up in 2018

According to Emera Caribbean, a partner of the St Vincent & the Grenadines government, a geothermal energy project is set to start by 2018, with drilling starting in 2016.
CAF & Exergy Announce Sponsorship of GEOLAC 2015

The organizers of the Geothermal Congress for Latin America and the Caribbean (GEOLAC 2015) are excited to announce that CAF, Development Bank of Latin America, and Exergy, the developers and producers of Organic Rankine Cycle (ORC) systems, have renewed their sponsorship of GEOLAC for 2015. New Energy Events looks forward to working with Exergy and CAF […]
Germany to provide $112mm for Geothermal in Central America

After a meeting between Nicaragua’s president, Daniel Ortega, and Klaus Kramer, head of the Division of Regional Development Policy for Central America and the Caribbean of the German Economic Cooperation and Development Ministry, Germany announced the establishment of a line of credit for Central American geothermal projects. Total available financing is 100 million euro ($112 million). […]