Germany to loan US $62m for solar project in Dominican Republic

July 30, 2018

The German development finance institution DEG, has arranged for a USD $62m long term loan for 116 MW solar plant, Montecristi, in the Dominican Republic – the biggest solar farm in the Caribbean.  Montecristi, whose first phase of 58 MW has recently been finalized, is due to be completed in the summer of 2019, and […]

Caribbean islands increasing investment in electric vehicles

July 30, 2018

Given the costs on imported fuel for energy, Barbados and other Caribbean islands are boosting the number of electric vehicles on their roads. However, the expansion does face challenges, mainly due to the high initial costs, stiff import duties on electrical vehicles and a lack of regulatory support. However, more and more, island governments are […]

Chile has potential to attract US$ 20b in investments for geothermal

July 30, 2018

The Geothermal Roundtable of Chile has issued its final report which highlights the potential of creating over 3,800 MW of geothermal energy. Requested by the Geothermal Council of Chile and the Ministry of Energy, the report comes at the conclusion of 13 workshop sessions with the Geothermal Roundtable which were held during 2017. In terms […]

Jamaica forecasts expansion and investment boom in renewable sector

July 24, 2018

The Jamaica Promotions Corporation (JAMPRO) is forecasting an expansion for both business and investment in the islands’ economy, specifically for the sectors of manufacturing, tourism, agriculture, and renewables. JAMPRO stated that the current Government is developing an integrated resource plan to increase investments projects in the renewable industry. Ms. Edwards, the president of JAMPRO, stated: […]

58 MW solar plant in Dominican Republic completed

July 24, 2018

F&S Solar concept, a German firm, has completed a 58 MW solar park in the Dominican Republic. The project, Montecristi, has 215,000 modules and it will generate 103,000 MWh which is enough to provide electricity to more than 50,000 homes. The solar project is located in the region of Guayabin and has an extension of […]

Nevis will focus on geothermal energy only for its renewables

July 23, 2018

In pursuit of a sustainable energy program the federal government, will concentrate its efforts in geothermal energy, and therefore will not be actively pursuing other forms of renewable energy. The Hon. Mark Brantley, premier of Nevis and the Minister of Energy, stated that geothermal developers believe that the island has enough resources to satisfy the […]

Costa Rica on the road to become 100% renewable

July 23, 2018

Costa Rica has generated 95% of its electricity from renewable sources over the last four years using rivers, volcanos, wind and solar power. Moreover, the country is ready to phase out of the use of fossil fuels altogether, as the country has spent 1,197 days over the last few years, using renewable energy exclusively. Most […]

EIB to back renewables projects in Jamaica

July 23, 2018

The European Investment Bank (EIB) has approved more than EUR €3.4 billion in financing for clean energy projects around the world. The funds will be used mainly to support renewable energy, energy efficiency and hydropower plant projects.   Specifically, part of the financing will be used to promote projects which aim to help Jamaica power […]

Ocean Thermal Energy company headed to US Virgin Islands

July 23, 2018

Ocean Thermal Energy Corporation, a project developer using ocean thermal energy conversion, has announced that a team from the organization will be in the US Virgin Islands this week to advance a planning process. The corporation will meet with local stakeholders and professional advisors of the island to discuss the process. Jeremy P. Feakins, Chairman […]