Saint Lucia Leading on Climate Change

December 10, 2015

St. Lucia stepped into a big role at the United Nations Framework Convention on Climate Change (COP21) that took place outside of Paris, last week. The responsibility to lead CARICOM negotiations was assigned to the Country because Prime Minister Hon. Dr. Kenny D. Anthony is the CARICOM lead head of government on Climate Change. At […]

Ormat to Acquire Geothermal Power Plant in Guadeloupe

December 9, 2015

Ormat announced today it has signed a binding Memorandum of Understanding to acquire, gradually, 85% of Geothermie Bouillante SA (GB) at a total company enterprise value of up to around €52 million. GB owns and operates a 14.75 MW geothermal power plant and owns two exploration licenses with a total additional potential capacity of up to […]

Belize: Petroleum extraction continues to decline

December 8, 2015

Former Chief Executive Officer in the Ministry of Energy, Science, Technology and Public Utilities, Dr. Colin Young, reported that oil production in Belize is at an all-time low and will continue to decrease through 2024. According to the Statistical Institute of Belize, revenues from petroleum exports hit a high f $292 million in 2012 but […]

Gamesa to develop 500 MW of wind turbine tower plant in Mexico

December 6, 2015

Gamesa signed a Memorandum of Understanding with the Mexican Electricity Board (CFE) to co-develop a wind turbine tower plant in Mexico with the Daniel Alonso Group. According to Gamesa’s Latin American managing director Hipólito Suárez, “Execution of this agreement will lead to the creation of hundreds of jobs in the tower manufacturing area and by […]

Iceland: Geothermal Energy Has Saved Massive Amount of CO2 Emissions

December 5, 2015

The national energy agency of Iceland, Orkustofnun, has evaluated CO2 savings by using geothermal instead of oil from 1914 through 2014. The accumulated savings are 140 million tons by utilizing geothermal instead of using oil for heating and production of electricity; last year the annual savings amounted to 7.5 million tons of CO2, 57% for […]

Caribbean Hotel And Tourism Association Urges United Nations Conference To Support Caricom Position On Climate Change

December 4, 2015

The Caribbean Hotel and Tourism Association (CHTA) is calling on the global community to support CARICOM’s position advocating for a cap on the world’s temperature rise at 1.5 degrees Centigrade as part of their deliberations during the United Nations Climate Change Conference, taking place in Paris through December 11th. CHTA cites research that points to […]

The Bahamas could vanish if climate change is not reversed

December 4, 2015

Bahamas’ Prime Minister Perry Christie warned that “with 80 percent of our land within one metre or five feet of mean sea level, business as usual with regard to climate change threatens the very existence of the Bahamas as we know it.” This year alone, Hurricane Joaquin left the small-island nation with $ USD100 million […]

St. Kitts & Nevis PM calls for legally-binding agreement with ambitious emission reduction targets

December 3, 2015

This week at the COP 21 meetings in Paris, Prime Minister Dr. Timothy Harris of St. Kitts and Nevis called for a “legally-binding agreement with ambitious emission reduction targets.” In order to mitigate the current and future impacts of climate change, the St. Kitts delegation seeks that five-year commitment cycles with review. According to the […]

IDB to help Costa Rica boost renewables and grid capacity

December 1, 2015

The Inter-American Development Bank (IDB) has extended a USD 500 million credit line to Costa Rica to increase its renewable energy capacity and to expand its transmission and distribution networks. Although Costa Rica sourced 98.8% of its energy thus far in 2015 from renewable sources, energy demands will increase significantly in the future. According to […]