Antigua and Barbuda: Enormous renewables potential outlined in new IRENA report

December 30, 2016

The government of Antigua and Barbuda is committed to reducing electricity costs through renewables, as they are currently 100% reliant on imported fossil fuels. A new report from the International Renewable Energy Agency (IRENA) offers details on challenges and opportunities for the renewables sector in Antigua and Barbuda. “Antigua and Barbuda, like many Caribbean island […]

I Squared Capital jumps into market with $1.2bn acquisition

December 30, 2016

Duke Energy finalized the sale of its Central and South American energy assets for $1.9bn after transaction costs, including hydropower facilities, natural gas power plants, transmission lines and gas-processing operations. China Three Gorges will acquire 10 hydropower plants in Brazil for approximately $1.2bn, while I Squared Capital will acquire assets in Chile, Peru, Argentina, Ecuador, […]

Dominican Republic: Geothermal exploration underway

December 30, 2016

French and Dominican geologists and geochemists conducted water and rock surveys in 20 areas of the Dominican Republic to determine geothermal potential and assess where there are conditions to generate clean energy, as part of a bank-financed study Inter-American Development Bank (IDB). The study “Specific Agreement for the Evaluation of the Geothermal Potential of the […]

Progress for Chile’s first geothermal plant

December 29, 2016

While geothermal is stalled in much of Chile, Enel Green Power is making headway on its Cerro Pabellón geothermal plant with an equipment delivery reported to include transformers and pipes and accessories for the plant. ILS Chile coordinated the transport of 120 containers from the ports of Iquique and Antofagasta to the volcanic site in […]

Mexico: 20 GW of clean energy and growing

December 29, 2016

Mexico now has over 20 GW of installed clean energy capacity, and it’s only going to grow. In the next 3 years, solar energy is expected to grow more than 20 times the current figure and wind capacity is anticipated to triple. In a report released by the Secretariat of Energy (SENER), clean energy capacity […]

Honduras: Vestas to build 59 MW wind

December 28, 2016

Honduras is getting 59 MW of wind in 2017. Vestas is entering the Honduras market – its second new market in 2016 – with firm and unconditional orders of 59 MW of V117-3.45 MW. Turbine delivery is planned for the first quarter of 2017, while commissioning is expected for the fourth quarter of 2017. Both orders […]

Colombia: solar industry to grow under new investment

December 23, 2016

Colombia has significant solar energy resource yet has struggled to grow the industry. A new joint investment into a PV firm in Colombia is set to give a much needed boost to the construction of solar projects in the region. Innova Capital Partners, LLC (Innova) and Fondo de Capital Privado de Emprendimiento e Innovación SP […]

Pacific Islands: climate fund to boost renewables transition

December 22, 2016

The Green Climate Fund (GCF) has approved $17m in funding to install energy storage systems, support private sector investment, and for capacity building to support the Asian Development Bank (ADB) program to assist seven Pacific island countries to transition to a renewable energy future. The ADB proposed Pacific Islands Renewable Energy Investment Program will assist […]

Argentina: $133m from Green Climate Fund for RenovAr projects

December 21, 2016

The Green Climate Fund (GCF) has approved USD 133 million (EUR 128m) in funding for green energy projects in Argentina at its final board meeting for the year. The Argentine energy ministry further explained the funds will go towards financial guarantees and to extend loans for projects that secured contracts in the RenovAr renewable energy […]