CDB loans Anguilla funds for renewables

May 18, 2016

The Government of Anguilla is implementing a strategy to improve economic stability in the country over the next four years. A new partnership with the Caribbean Development Bank (CDB) will provide US$35.3 million to achieve four key outcomes: improved banking system stability, a better environment for business and investment, upgrades to transport infrastructure and increased […]

A wave of geothermal in the Caribbean – or just another ripple?

May 17, 2016

If we are to believe everything we read in the papers, we’re on the cusp of a wave of geothermal development across the Caribbean. But from Nevis to Dominica, we’ve seen the headlines before. What, if anything, is different this time around? Money and people certainly seem to be showing up at the right time. […]

Dewhurst Group Selected as Lead Geothermal Project Manager for KfW Fund

May 17, 2016

KfW announced the launch of Geothermal Development Facility, Latin America – a multi-donor climate initiative to promote geothermal energy in Latin America. The fund will provide grants for exploration studies, exploratory drilling and some technical assistance. Qualified developers in Chile, Bolivia, Peru, Ecuador, Colombia, Costa Rica, Nicaragua, El Salvador, Honduras and Guatemala can apply for funding. IDA […]

Strong Preliminary Roster of CREF 2016 Sponsors Augurs Well for Caribbean Renewable Markets

May 17, 2016

Against the backdrop of the low price of oil, and as gas begins to permeate the regional energy matrix, the strong early line-up of sponsors for CREF 2016 suggests that optimism for the prospects for investment in renewables remains strong. The organizers of CREF are pleased to welcome to CREF household names ranging from WRB […]

Latin America: Big credit line for development of geothermal energy from German bank

May 16, 2016

Germany’s Ministry for Economic Cooperation and Development (BMZ) and Development Bank of Latin America (CAF) signed an agreement to promote the development of energy projects in Colombia, Ecuador, Peru, Bolivia, Chile and Mexico. The first credit line of €250 million (c. $286 million) will be allocated to lowering financing that CAF grants to geothermal projects in the region. The […]

AES, Eagle LNG, Fortress Line-Up for Gas Marketers Session at CREF 2016

May 16, 2016

Jamaica and the Dominican Republic are among those markets in the region which are forging a path to a resilient energy matrix through the development of renewables – as well as investment in gas infrastructure. Touted by some as a transition fuel and by others as a long-term source of baseload, this will examine the […]

U.S. seeks greater energy integration in Central America and Caribbean

May 15, 2016

In an attempt to move away from volatile oil markets in Latin America, U.S. Vice President Joe Biden urged Central American and Caribbean leaders to move toward more integrated and diversified sources of energy. Forward of the upcoming Energy Summit in Washington D.C, the U.S. Vice President said: “We just have to harness that momentum […]

Jamaica: 33.1 MW PV plant awarded at record low price per kWh

May 12, 2016

Jamaica’s Office of Utilities Regulation announced that Eight Rivers Energy Company (EREC) is the winner of the energy procurement auction for a 33.1 MW solar project. EREC set a record by proposing the lowest electricity price for solar power in Jamaica  – just 8.54 US cents per kWh.  “The OUR is pleased with the proposed all-in […]

Geothermal Research and Development Center opens in Mexico

May 12, 2016

The Mexican Center for Innovation in Geothermal Energy, CeMIE-Geo, is an academia-industry alliance supported by the Mexican Secretary of Energy (SENER) and the National Science and Technology Council (CONACYT) aimed to promote and accelerate the use and development of geothermal energy in Mexico. The center is located in Ensenada, Baja California.