Inter-American Development Bank to finance $103.4m renewable power project in Nicaragua

September 13, 2016

Nicaragua will get support from the Inter-American Development Bank (IDB) for geothermal projects in the Cosigüina field. Located in the northwestern part of the country, the site will facilitate studies to ascertain the technical feasibility of a commercial-width well. It will also be the location for product development of mechanisms used to attract private investment. […]

Bermuda Utility Revises Net Metering Program for Solar

September 13, 2016

Bermuda’s net metering program, launched in 2010, is coming to an end after Bermuda Electric Light Company Limited (BELCO) has decided to replace it with an avoided cost compensation scheme. This revision is likely to reduce the level of new residential and commercial PV installations. The current 335 participants will continue to receive the subsidy, […]

Renewable Energy Projects Secured $6 Billion From Multilateral Banks In 2015

September 12, 2016

Six banks: The World Bank, The European Investment Bank (EIB), the Inter-American Development Bank (IDB), the Asian Development Bank (ADB), the African Development Bank (AfDB), and the European Bank for Reconstruction and Development (EBRD) provided a total of $25 billion in climate finance across the world last year. Renewable energy projects secured  $6 billion in […]

Jamaica’s Hon. Andrew Wheatley, Minister of Energy, Confirms for Ministerial Session at CREF ‘16

September 12, 2016

Jamaica’s incoming Minister responsible for energy policy, Dr. the Honorable Andrew Wheatley has confirmed his participation in CREF 2016 and as a speaker on the Ministerial Roundtable discussion on October 18th. Jamaica is a market in transition: renewables are increasingly front and center, as is natural gas. Minister Wheatley joins a blue ribbon session at […]

Taking the Time to Invest in Cuba: An interview with Havana Energy

September 12, 2016

In 2012, UK-based Havana Energy entered into a joint venture with the Cuban company Zerus SA, part of Azcuba, the Cuban Sugar Group, to build five biomass power plants in Cuba. The deal was one of the biggest joint ventures between Cuba and a British company in almost half a century, and the first notable […]

Cuba’s Future Looking Sunny with Solar Power

September 10, 2016

Savings of over half a million dollars in fossil fuel spending has motivated Cuba to further invest in renewable energy infrastructure projects. The Pinar 220 solar park near Pinar del Rio in western Cuba uses 12,080 PV panels, has fed almost 6 GW of electricity to Cuba’s national grid and generates an average of 12 […]

Argentina 1GW Tender Attracts 6.37GW of Bids

September 9, 2016

Developers hungry to get into the Argentinian renewable energy market showed up in a big way for the tender, applying to sell 6,366 MW of power in an October auction – more than six times the amount the government called for. “I’ve never expected 6,000 megawatts,” Energy Minister Juan Jose Aranguren told reporters in Buenos […]

Passage of PROMESA Means Bright Future Ahead for Puerto Rico Renewables

September 8, 2016

The Puerto Rico Oversight, Management and Economic Stability Act (PROMESA) will aid Puerto Rico in restructuring its $72 billion debt, which should to ease the ability for clean power projects to receive financing. The new law enables energy and infrastructure projects to be designated as “critical” by a fiscal control board, thus moving along more […]

Geothermal energy exploration in Antigua

September 6, 2016

A partnership between the Government of Antigua and Texas-based Thermal Energy Partners could provide geothermal energy to power a turbine 24 hours a day. Prospecting in the southwest of Antigua and Barbuda will begin once an MOU has been signed between the two entities; the Antiguan Cabinet has thus authorized the Prime Minister to sign […]