British solar company lights the way for utility-scale solar in Cuba

June 5, 2016

After half a century of isolation and dependence on foreign oil, Cuba is building an energy portfolio derived from the wind, sun and sugar. Hive Energy has secured a contract with the island nation to deliver 50 MW of solar power. Upon completion, the project  is expected to generate up to 93 GWh of electricity […]

Latin America On Track To Install 2.2 GW Of Solar PV In 2016, Says GTM

June 4, 2016

Renewable energy markets are getting ready to boom in Latin America, says Greentech Media. Recent auctions saw solar outcompete all other technologies in the region; solar walked away with 20% of the offered capacity in Chile, 63% in Brazil, 40% in Peru, and 72% in Mexico. In 2017, GTM expects Mexico to install 2 GW, […]

Solar power over-produced in Chile

June 4, 2016

Solar capacity on Chile’s central power grid has quadrupled to 770 MG over the last three years. This rapid increase has led to the decrease of electricity costs for consumers. Chile currently has 29 solar farms online and 15 more in the pipeline. Some regions are in fact oversupplied with power and the Chilean utility, […]

Jamaica: turning energy debt into development

June 3, 2016

Jamaica has restructured its agreement with Petrocaribe, the credit finance arrangement that gives member countries discounts and preferential terms for the oil they purchase from Caracas. Earlier this year, the cash strapped Latin American country agreed to cancel Jamaica’s $3 billion of Petrocaribe debt in exchange for a lump sum payment of $1.5 billion. Jamaica now […]

Peru attractive market for renewable energy investments

June 3, 2016

Peru is pursuing renewable energy on a number of fronts – hydro power in the Andes, wind power in Ica, Piura and Lambayeque, solar in Tacna and Moquegu, and geothermal energy. Peru is currently 9th and 11th for hydro and geothermal power projects in in world, according to the latest Renewable Energy Country Attractiveness Index—RECAI by […]

Announcing Investment Summit in Havana to Explore Role for International Investors in Cuban “Energy Revolution”

June 2, 2016

Outside Havana, few people had heard of Cuba’s decade-old “energy revolution” until recently. The revolution, which seeks to radically overhaul the island’s energy matrix, has a price tag of approximately US$3.5bn, much of which will need to flow from international sources. The US embargo, however, deterred all but the most intrepid of investors. Now, though, the […]

Cuba inviting key energy stakeholders to attend event

June 2, 2016

The Cuban Government, which is managing a proprietary invite list for the Cuba Energy & Infrastructure Forum, has confirmed it is inviting upward of 30 key officials to attend the event in September. The invitation list comprises senior officials drawn from government ministries and key state-owned enterprises all of whom are actively engaged in the […]

Mexico issues draft guidelines for second power auction

June 2, 2016

Mexico’s second clean energy power auction is scheduled to be held on September 30th of this year. Recent nationwide reforms opened the energy sector for private investment. The move has been extremely popular with international players like Enel Green Power, SunPower and Recurrent Energy – all who won clean energy certificates (CLEs) under the first auction. […]

St. Lucia: LED lighting to cut government spending on electricity by a third

June 2, 2016

The installation of LED bulbs in street lamps is expected to cut government spending on electricity by one third annually. Savings will total $6 million per year. The board of directors of the Caribbean Development Bank approved $9.5 million in funds for the project. Saint Lucia’s Energy Minister, Hon. Dr. James Fletcher, stated that the […]