$580 million secured for wind & solar plant in Chile

November 18, 2019

Mainstream Renewable Power has raised US$580 million to fund phase-one construction on what will eventually be its 1.3 gigawatt “Andes Renovables” wind and solar power plant in Chile—one of the largest in Latin America. Financing was provided by a consortium of six banks and is one of the region’s largest renewable energy debt financing deals […]

Climate mitigation, smart cities see influx of finance

November 18, 2019

Finance is flowing toward climate mitigation projects at record levels, according to a Climate Policy Initiative report. Among recent multilateral investments: the approval of US$800 million from the New Development Bank for renewable energy projects in India and Brazil, and more than US$100 million in financing from the European Investment Bank (EIB) for renewable energy […]

Puerto Rico issues RFQ for new generation facility

November 15, 2019

Puerto Rico is seeking a P3 partner to develop a generation facility in its northern region. The Puerto Rico Public-Private Partnerships Authority (PRPPA) and the Puerto Rico Electric Power Authority (PREPA) issued an RFQ seeking a private partner to develop, finance, construct, and operate the facility. It would be located adjacent to the existing Palo […]

NuStar completes $250-million sale of Caribbean storage terminal

November 15, 2019

NuStar Energy has finalized the US$250-million sale of its oil storage terminal on Saint Eustatius to Prostar Capital. NuStar President Brad Barron said that proceeds from the sale, which marks the company’s exit from the Caribbean market, would be redeployed to its core businesses in North America. The terminal’s 14-million-barrel storage capacity includes crude oil, […]

$250-million redevelopment deal finalized for Bahamas cruise port

November 15, 2019

Major redevelopment is coming to Prince George Wharf, with the completion of a 25-year port operation and lease agreement between the government of the Bahamas and the Nassau Cruise Port consortium. The consortium, which includes Global Ports Holding, the Bahamian Investment Fund, and the Yes Foundation, will invest up to US$250 million in the 12-month […]

CNE and CDEEE leadership to discuss 2020 RFP for generation at DR-GRID

November 14, 2019

The organizers of DR-GRID are pleased to announce that Angel Canó, Executive Director of CNE, and Rubén Jiménez Bichara, Executive Vice President of CDEEE, will take the stage at DR-GRID for an interactive discussion on the future of the DR’s energy sector. On the docket: insights into next year’s RFP and how the procurement process […]

The seven key takeaways from CREF 2019

From our Editorial Team

November 13, 2019

With 500 attendees, 100 speakers and three days of panel discussions and workshops, it’s hard to distill CREF 2019 into a few paragraphs. But some critical themes emerged—along with a broad sense that we have the know-how, capital and consensus to get things done. We turned to a handful of CREF participants to gather their […]

US – Caribbean Resilience Partnership announces $1.5 million program

November 7, 2019

The United States is providing $1.5 million to increase disaster preparedness and resilience under the US-Caribbean Resilience Partnership. This partnership aims to strengthen U.S.-Caribbean cooperation and advance greater resilience to withstand the impacts of climate change, natural disasters, and extreme weather events by leveraging American and Caribbean innovation and expertise. Funding will support technical exchanges […]

Full steam ahead for Dominica’s geothermal plant after successful well testing

November 6, 2019

In a release last week, the Dominica Geothermal Development Company (DGDC) announces having successfully concluded the testing of its geothermal production well in Laudat. This, following news that the geothermal plant concept designs are completed, and the project is fully funded, according to Minister Ian Douglas. Currently, the DGDC is working to acquire the piece […]