Central America receives $92.5m IFC investment for clean energy financing

January 24, 2017

IFC, a member of the World Bank Group, has provided $92.5 million in long term financing to four subsidiaries of Grupo Promerica in four Central American countries to boost access to finance for small and medium enterprises. Though small and medium enterprises are engines of job creation, representing 95 percent of all companies in Costa […]

Costa Rica seeks carbon neutrality by 2021

January 20, 2017

President of Costa Rica, Luis Guillermo Solis, announced during the opening of Abu Dhabi Sustainability Week that the country was aiming to achieve carbon neutrality by 2021. The Central American nation already sources 98 per cent of its electricity from renewables, according to the Costa Rican Electricity Institute (ICE). Costa Rica ran solely on renewable […]

Antigua to revisit net-metering policy for small-scale solar

January 20, 2017

Antigua is reviewing Antigua Public Utilities Authority’s (APUA’s) unpopular net billing policy, however the minister of information was unwilling to say whether it would amended in homeowners’ favour. Presently, the net billing policy limits the savings one can achieve through home solar installation. APUA sells power to the consumer at the commercial rate but credits […]

Chile looks to neighbors for energy exports and grid connection

January 20, 2017

Chile is exploring an increase in energy exports to Argentina and connecting electricity grids in Argentina and Peru, as it seeks to capitalize on friendly relations to drive down prices. Chile, which has almost no hydrocarbons of its own and an energy-intensive copper mining industry, has struggled for years with high power prices. But a shift […]

New $50m UAE-Caribbean Renewable Energy Fund strengthens ties between UAE and Caribbean countries

January 18, 2017

At the IRENA General Assembly meeting this week in Abu Dhabi, the United Arab Emirates (UAE) announced a landmark new $50 million fund for renewable energy projects in Caribbean island countries. The new fund will seek to conclude project agreements with several countries per year. Designed for flexibility, it can support renewable energy projects both […]

Chile: Elecnor to build 115 MW solar

January 18, 2017

Spain’s Elecnor SA said on Monday it has been awarded a $117.2m contract to build the 115 MW Santiago Solar plant in Chile. The company has been hired for the job by the project company, owned by EDF Energies Nouvelles, which in turn is the renewables arm of French power producer EDF, and local developer […]

Barbados: EU support to boost green vehicles and sustainable energy technologies

January 17, 2017

The European Union Delegation in Barbados recently acquired an electric vehicle as part of its fleet, and there are more advancements coming to the island’s sustainable energy programs. Ambassador Daniela Tramacere said: “As one of the leading institutions championing the cause of green energy in the world the EU was delighted to enhance its fleet with […]

El Salvador: $49/MWh solar in latest auction to bring 170MW wind and solar

January 13, 2017

Five projects totaling 169.9 MW comprising solar and wind projects were awarded this week in El Salvador’s second renewable energy auction. Winning bidders included a 50 MW wind project at $98.78/MWh and 119.9 MW of solar PV projects ranging from $49.55 – $67.24. According to El Salvador’s National Energy Board (CNE), the awarded projects will represent […]

Fifth Caribbean Sustainable Energy Forum: 23-25 January, The Bahamas

January 13, 2017

New Energy Events is pleased to support CARICOM’s headline energy event, the Fifth Caribbean Sustainable Energy Forum (CSEF V), which will be held at the British Colonial Hilton in Nassau, The Bahamas, from 23-25 January, 2017. Now in its fifth iteration CSEF V is widely regarded as the must-attend clean energy event for the Caribbean […]