T&T gov gets $300m loan from CAF

July 21, 2016

  As part of a plan to bolster tax revenue and cushion reductions of subsidies, the Development Bank of Latin America or Corporacion Andina de Fomento (CAF) will provide a grant of US$300 million to Trinidad and Tobago. Falling energy prices have had a negative impact on the country’s fiscal balance and the “Support Programme […]

Renewables investment falls after 2015 record

July 20, 2016

A downturn in renewables investment in 2016 may not be viewed negatively, according to Abraham Louw, associate for energy economics at Bloomberg New Energy Finance (BNEF). Investment declined in many regions including China, the Middle East, Africa, and much of the Americas, but record financing in 2015 may have led to a “hangover” in 2016. […]

Cuba eyes India help to kick start sugar mills

July 20, 2016

As sanctions from the former U.S. embargo lift, Cuba has high hopes for trade and information sharing with India. Sugar is one of Cuba’s key commodities and a partnership with India could lead to the modernization of some of the 160 sugar mills that were in operation before the embargo. Indian Prime Minister Narendra Modi will […]

Siemens signs energy cooperation agreement with Cuban utility

July 20, 2016

An ongoing partnership between Siemens AG and the Cuba will grow further with a new plan to modernize the energy infrastructure of the country. A Memorandum of Understanding (MoU) between the German company and the Unión Eléctrica (UNE) gives Siemens the opportunity to work on projects in the field of of power generation, transmission and […]

Bolivia carries out studies for hydro projects

July 20, 2016

Evo Morales, president of Bolivia, has approved a project for final design studies for 3,251 MW and 425 MW hydro projects. The contract, which is schedule to be signed next week, will be carried out by Geodata Engineering, an Italian firm. The design work will cost US$15 million and take 15 months. Once the design studies […]

Latin America on track to deploy 2.7 GW of solar in 2016

July 19, 2016

Latin America continues to be the global leader in renewable energy in 2016. A total of 2.7 GW of solar PV will be installed this year from projects in Chile, Honduras and Mexico. Record-low bid prices in Mexico are attracting the interest of governments and promoting the country to the second largest market in L.A.; […]

El Salvador: Harvesting Geothermal Energy

July 19, 2016

In El Salvador, a solution to the waste heat and steam produced by geothermal plants is helping women earn more money while also battling climate change. LaGeo, El Salvador’s power generation firm, came up with a plan to put dozens of women from 15 rural communities to work; the initiative has indirectly benefited 45,570 people […]

Macquarie fund to buy 22.5-MW solar project in Mexico

July 19, 2016

Macquarie Mexican Infrastructure Fund (MMIF) will supply solar power to government and the private sector in Mexico. As the first managed fund in Latin America, it will buy a 22.5 MW solar project in Coahuila for about MXN 758 million (USD 41m). This represents MMIF’s second investment in renewable energy, as it already has a […]

Trailblazers Havana Energy and Engage Cuba Confirm for CREF

July 18, 2016

The organizers of the CREF are pleased to announce the participation of Andrew MacDonald, Director of Havana Energy and CEO of Biopower S.A., Havana Energy’s joint venture with the Government of Cuba. Joining Mr. MacDonald on stage to explore investment opportunities in the Cuban energy sector will be Lee Ann Evans, Senior Policy Advisor at Engage […]