Enel Green Power Hosts Representatives from Communities near Cerro Pabellón Geothermal Site

September 22, 2015

Enel Green Power has invited representatives from communities that surround live in the areas surrounding the Cerro Pabellón Geothermal site to Italy to view a geothermal power plant in action. Though this visit, which took place from September 15 – 18, community members were introduced to the technology, entrepreneurs and local leaders who spoke on […]

Colombia to benefit from renewable energy incentives

September 21, 2015

According to a study released by Colombia’s Ministry of Energy and Mines, Colombia will offer $554 million in renewable energy incentives over the next fifteen years.  Incentives take the form of discounts on income taxes as well as VAT and duty exemptions. Though this program, installed capacity of renewables could increase from 420 MW today to […]

Barbados – New Target Date Set for Reduction in Energy Use

September 21, 2015

Barbados moves targeted date for a 20% reduction in energy use forward. CREF 2015 speaker Senator the Honorable Darcy Boyce spoke this week at the Smart Energy Barbados event about a revision to Barbados’ plan to reduce electricity use, which currently costs the government $ Barbados 100 million or approximately USD $ 50 million annually. While the […]

European Chambers of Commerce calls out the Dominican Republic for its lack of renewables development

September 18, 2015

The head of the European Chambers of Commerce (Eurocamara),Hans Witsenboer, recently admonished the Dominican Republic’s efforts to develop renewable energy and combat climate change. “The Dominican Republic is going very badly on climate change and it´s investing heavily in the construction of two coal-fired plants that have high pollution footprint when they should be using […]

Enel Green Power and El Salvador formalize split over LaGeo

September 16, 2015

Ending a saga that started in 2007, El Salvador gained full control this week of LaGeo, “one of the largest geothermal companies in Central America. LaGeo was a joint venture between Enel Green Power and state-owned outfit Inversiones Energeticas S.A. de C.V.”

Montserrat Geothermal – Third Well will be Drilled in early 2016

September 16, 2015

Montserrat geothermal projects to move forward next year. Funded by the UK Department for International Development (DFID), a third geothermal well will be drilled in Montserrat. Following on the heels of two other wells that are each currently producing 1.5 MW of power, this new well hopes to bring Montserrat geothermal production to ~5 MW.

Affordable Financing for Climate Change Mitigation Projects in Jamaica

September 16, 2015

The United States Agency for International Development (USAID) and the First Global Bank have partnered to give Jamaicans access to affordable loan financing for projects related to climate-smart agricultural and climate change mitigation solutions. According to Peter Lindo, Vice President of First Global Bank, the loans are different than traditional green financing, which typically targets […]

Mexico Starts Building Capacity for the Energy Sector Through Education

September 15, 2015

Over the next five years, Mexico will need over 135,000 experts to assist with the expansion of its energy sector. In an effort to meet this need and develop the national workforce, the Mexican government will undertake an aggressive initiatives that target building capacity for the energy sector through education. As part of this program, […]

Asset Manager, Entropy Investment Management, buys largest utility-scale solar plant in Panama from Hanwha Q CELLS and partners

September 14, 2015

In one of the more interesting acquisitions in the region, Entropy Investment Management has acquired 100% of the largest utility-scale solar field in Panama. Hanwha, along with local developer Renventure, EPC SEMI, ASEP, and others developed this project before the sale.