El Salvador solar gets $50m funding

November 22, 2016

El Salvador might be seeing more solar in its future. The Obama administration announced its intention to provide further funding for renewable energy worldwide, including solar projects in El Salvador. The Overseas Private Investment Corporation (OPIC), the US government’s international finance division, will commit $50m towards eight utility-scale solar PV projects in El Salvador. These projects will […]

Enel Peru begins construction for 180 MW solar

November 21, 2016

Enel Green Power Peru has started construction of the 180 MW Rubi solar PV plant in the Moquegua District of Mariscal Neito Province. The $170m solar project will have the capacity to generate 440 GWh per year, and once completed will be the largest solar project in Peru Rubi is expected to begin commercial operation in 2018. […]

Guyana plans clean energy transition

November 21, 2016

Early next year, Guyana expects to deliver its newly developed clean energy transition plan. Announced in Morocco at the COP22 meeting in a joint statement with Norway, Guyana will explore options for implementing clean energy including a facts-based consideration of the Amalia Falls Hydropower Project and all other possible renewable energy options. Read more here. 

Projects In Cuba Face Uphill Struggle For Funding

November 20, 2016

Despite high hopes for business development in Cuba, two major factors inhibit European banks from lending to the fledgling economy. The threat of sanctions from the U.S and Cuba’s “rock-bottom” debt rating give bankers in France, the UK, Germany and Switzerland pause, thus stalling big and small projects alike. The sanctions problem originates with a […]

35+ Speakers Confirmed for Inaugural CARIF

November 17, 2016

The inaugural CARIF, a joint venture between CIBC FirstCaribbean, IJGlobal and New Energy Events to launch the definitive forum for the regional infrastructure market, features a world-class agenda comprising over 35 speakers. Highlights include: Deepak Bhatnagar BAHAMAS POWER AND LIGHT COMPANY (BPL) Executive Director, and Director on the Board of Nassau Airport Development Company (NAD) […]

Solar PV for Jamaica House point to bright future for renewables

November 17, 2016

Jamaica is cementing its position as a leader in the Caribbean renewable energy sector as it announces participation in the Solar Head of State coalition, which will see a 15kW grid-connected solar PV system at Jamaica House, home to the Office of the Prime Minister. “This project is symbolic of the renewable future we see […]

Chile plans 1GW solar park

November 17, 2016

Chile plans to develop a 750 MW to 1 GW solar park to support the mining industry in the Atacama region. The new solar park, “Solar District” will need $4 billion of investment and create 3,000 jobs in the process. Plans for the solar park were announced at COP22 in Morocco by environment minister, Pablo […]

$50m funding round opens through IRENA and Abu Dhabi fund

November 16, 2016

Opening its fifth funding round, IRENA and the Abu Dhabi Fund for Development further cements its commitment to renewable energy in developing regions, providing concessional loans for developing countries renewable energy projects. This funding round of $50 million is part of a larger $350m program to provide support to renewable energy projects endorsed by IRENA. The […]

Latin America to Take the Temperature of Paris Agreement at Climate Summit

November 15, 2016

Experts and leaders from the countries of Latin America headed to Marrakech, Morocco last week in search of clear rules to help them push forward on the goals designed at the COP21 conference in Paris last year. Three fields have been identified as key to transforming the region’s economies: technology, technical capabilities, and financing. Negotiators from […]