Solar PPAs in Latin America: How Low Can They Go?

April 18, 2016

If the Peru and Mexico auctions are any indication, Latin American markets are establishing a new, and very low, normal for solar prices. Peru recently awarded a solar PPA at $47.98/MWh to Enel Green Power (EGP), making headlines as the lowest PPA on record, but just weeks later EGP beat its own a record in Mexico’s […]

St Lucia on target to begin exploratory geothermal drilling

April 17, 2016

St. Lucia recently completed surface exploration studies for geothermal resource conditions and is on track to begin exploratory drilling soon. Developing geothermal energy in St. Lucia will allow the small island state to reduce dependence on fossil fuels for energy generation. Geothermal energy will play a key role in achieving the country’s goal of sourcing […]

OAS supporting renewable energy for sustainable communities

April 17, 2016

Ruth Spencer, owner of a 14-unit guest house in Antigua, cut her electricity bill by 75% by installing solar panels. “If we don’t convert to green energy, nothing is going to happen here.  The poor are going to get poorer, because when people can’t pay their energy bills and have their electricity cut off, their […]

Caricom and Cuba to discuss energy projects

April 15, 2016

A delegation from Caricom will travel to Cuba to assess renewable energy opportunities. Devon Gardner said that the plan is to discuss initiatives such as producing biogas. Dr. Gardner said that the delegation will be led by Assistant Secretary General for Trade and Economic Integration, Joseph Cox.

Dominica signs up for Japanese climate change partnership

April 13, 2016

Dominica has signed up to participate in the Climate Change Partnership, a program funded by the Japanese government under the United Nations Development Program. This project seeks to support countries in lowering emissions while improving energy security in an effort to mitigate climate change. According to Yoko Ebisawa, Project Manager, “Interventions under the project include […]

South Korea to invest USD 36.6m in Nicaraguan PV plan

April 11, 2016

South Korea will loan $33.3 million USD to the government of Nicaragua for the development of a solar project that will impact 164 communities. The government of Nicaragua will also invest $3.3 million USD in the project.  

Cayman Islands could go 100% renewable

April 10, 2016

A legislator on the Cayman Islands is calling for the island’s government to establish a policy to hit 100% renewable energy by 2035. At present, the government has an established policy that calls for 13.5% renewables by 2030.

Peru’s current installed wind capacity is 1% of total potential

April 8, 2016

This week Peru’s Ministry of Energy reported that the country’s 339.15 MW of wind is only 1% of its total potential wind capacity. At this time, there are four wind farms in Peru, three of which went live in 2014. The largest of these farms, Tres Hermanas, was turned on last month.

IDB annual assembly focuses on role of private sector, clean energy

April 8, 2016

This year’s annual IDB assembly focused on the role of the private sector in addressing the need for clean energy and the threat of climate change. Fabrizio Opertti, the IDB’s head of Trade and Investment said that the goal of the meeting is to create a “mechanism for hemispheric dialogue” between the private and public sectors. […]