Jamaican Old Harbour plant financing takes shape

January 5, 2017

A financing package for the $300 million Old Harbour Bay power station project in St Catherine, Jamaica, approved by the National Environment and Planning Agency in March, is understood to be taking shape, IJGlobal exclusively shared last month. A syndicate of four banks is said to be participating in a financing led by local bank National […]

Colombia: EU to invest 4m EUR to promote renewables

January 5, 2017

The EU will invest 4m EUR in Colombia to promote renewable energy projects, after a CAF study evaluated the use of new energy sources to mitigate the effects of climate change. According to an official statement by the Colombian government, alternative energy options that release fewer greenhouse gases have a big potential to reduce the […]

Bahamas: Nassau Container Port plans 5MW solar array

January 4, 2017

Arawak Port Development is seeking to install a 5MW solar array at the Nassau Container Port in the Bahamas, IJGlobal has exclusively learned. The project is still in the planning phase, but IJGlobal was told that financing is being sought from development banks active in the region to match with Arawak equity. It was said […]

Chile’s geothermal sector gets kickstart with World Bank program

January 4, 2017

A workshop on geothermal development in Chile was held in Santiago, Chile on 22 December.The event was to foster discussions about the geothermal potential in Chile and the real opportunities for geothermal development, with a focus on electricity generation and their possible impact on interconnected electricity systems in the country. Attended by representatives of the […]

Argentina: Germany’s Nordex to build 148 MW wind

January 4, 2017

Argentina continues to bring new companies to the Latin American renewables growth market, with Germany’s Nordex Group the latest to announce their entry. With the award of two contracts for the construction of wind farms with a combined capacity of 148 MW, the Nordex Group has successfully entered the new growth market Argentina in December. […]

37 MW Jamaican solar farm receives USAID grant

January 3, 2017

The record-setting 8.5 cents/kWh PPA for the 37 MW Jamaican solar farm has lined up financing through the USAID, and the project remains on track to begin construction this year. The U.S. Agency for International Development (USAID) has awarded the first grant through the Clean Energy Finance Facility for the Caribbean and Central America (CEFF-CCA), […]