GEOLAC updates on Nicaragua’s San Jacinto geothermal project

April 28, 2017

At the GEOLAC conference in Mexico City, a brief overview on the situation in the geothermal market of Nicaragua was given by Laura Wendell Berman, Energy Specialist the World Bank and Mark Murnaghan, CEO of Polaris Infrastructure Inc. Discussing the market, an overview was given on the status of the San Jacinto geothermal field and […]

Jamaica sets sights on $300m renewable energy investments

April 28, 2017

Daryl Vaz, Jamaica’s Minister of Economic Growth and Job Creation, announced that the government is targeting more than JM$ 38 billion ($300 million) in investments from additional renewable energy projects. The minister stated that Jamaica’s energy system still heavily depends on oil, “while it has become clear that the world is transitioning to a low-emission […]

Haiti’s Clean Energy Transition: The Time Has Come

April 27, 2017

Recovering from successive natural disasters, Haiti vowed to rebuild a greener, stronger, more resilient and sustainable energy sector. This implies a drastic transition of the country’s energy mix, currently relying on oil products for grid connected and autonomous power generation. The ultimate outcome will be increased access to clean, modern and reliable energy services for […]

Construction begins at Cuba’s Ciro Redondo biomass plant

April 27, 2017

A ground-breaking ceremony at Ciro Redondo sugar mill today will herald the start of construction on one of four planned biomass power plants which will add 300 megawatts to the country’s power grid. Generating electricity partly from residues of its sugar crop, the £500million scheme is seen as vital to reducing Cuba’s reliance on oil imports […]

St. Vincent microgrid project accepting bids

April 27, 2017

On Friday, April 21, St. Vincent Electricity Services Limited (VINLEC) and Rocky Mountain Institute and Carbon War Room (RMI-CWR) released a Request for Qualifications for interested parties to submit credentials to bid for the Engineering, Procurement and Construction contract for a solar photovoltaic (PV) and battery storage Microgrid Project on the Grenadine Island of Mayreau. […]

Laguna Colorada project updates from GEOLAC

April 27, 2017

At the GEOLAC conference in Mexico City, Marco Antonio Escobar Seleme, the head of the Laguna Colorada geothermal project by ENDE in Bolivia provided an update on the 100 MW project. The project recently signed a loan with JICA from Japan over $552 million for the development of the project. The geothermal potential of Bolivia along […]

Chile, Guatemala and Peru lead proposals for GDF geothermal facility

April 27, 2017

In his presentation on the experience of KfW at a risk mitigation panel of the GEOLAC conference in Mexico City, Jens Wirth, Senior Project Manager at KfW shared results of the first call of the Geothermal Development Facility (GDF). The GDF was set up as the first multi-donor climate initiative to promote geothermal energy in Latin […]

Chile: Delays in 42% of contracts from 2016 tender

April 25, 2017

42 percent of the electricity supply contracts awarded in the last tender in Chile are pending approval by the National Energy Commission (CNE). At the beginning of April, the agency would only have authorized 333 of the 775 agreements awarded in the tender of August 2016, according to Diario Financiero. The last tender of supply […]

$2b green bond fund created for emerging markets

April 25, 2017

The International Finance Corporation (IFC) and France-based asset manager Amundi SA (EPA:AMUN) today said they have agreed to create a USD-2-billion (EUR 1.9bn) green bond fund that will invest in emerging markets. The new Green Cornerstone Bond Fund will buy green bonds issued by banks in Africa, Asia, the Middle East, Latin America, Eastern Europe […]