AES sees ‘aggressive’ gas competition in CentAm, Caribbean

July 21, 2021

The large presence of LNG terminals in Central America and the Caribbean has led to a large availability of natural gas and very aggressive competition, according to Freddy Obando from AES. The US company’s chief commercial officer for Mexico, Central America and the Caribbean made the comment during a virtual forum on the future of gas […]

MPC Clean Energy stock jumps more than 25%

July 21, 2021

MPC Caribbean Clean Energy Limited saw its value increase by more than a fourth as it led gains Friday in trading on the Jamaica Stock Exchange (JSE). The stock rose 25.64 per cent to close at $147, with only 76 units trading. Source

South Korea asks for Chile’s help in joining Latin America trade bloc, includes green hydrogen boost

July 21, 2021

Foreign Minister Chung Eui-yong asked for Chile’s cooperation in South Korea’s bid to join a regional trade bloc in Latin America, the foreign ministry said Wednesday. Chung made the call during in-person bilateral talks with Chilean Foreign Minister Andrés Allamand in Seoul earlier in the day, as Seoul is seeking to become an associate member […]

EU unveils new 40% renewables target for 2030 and green hydrogen mandates

July 21, 2021

The European Commission (EC) has unveiled its long-awaited Fit for 55 package — a series of proposals that aim to put the policies in place that will enable the EU to reduce its greenhouse gas emissions by at least 55% (compared to 1990 levels) by 2030. These include a new target of 40% of the […]

Canadian Solar Wins 45 Mw Solar Battery Storage Project For Barranquilla, Colombia

July 21, 2021

Canadian Solar Inc. yesterday announced it has been awarded the first utility-scale battery storage project in Colombia. The 45 megawatt-hour project was awarded in a public tender launched by Colombia’s Ministry of Energy and Mines, via its affiliate UPME, the Mining and Energy Planning Unit. Located in the city of Barranquilla in northern Colombia, this project […]

Growth with equity, the priority in the post-pandemic agenda for Latin America and the Caribbean

July 14, 2021

The pandemic has hit the Latin American and Caribbean region hard. Economies contracted more in 2020 than at any other time in over a century. For 2021, we expect a partial recovery. Nevertheless, the best way out of this crisis would be one in which the region can overcome the low growth that persisted before […]

As South American LNG demand soars, New Fortress secures gas supply through 2027

July 14, 2021

New Fortress Energy Inc. (NFE) has reached an agreement for liquefied natural gas (LNG) supply through 2027 for most of its import terminals and power generation facilities. The company has nine import terminals in operation or under development in the Caribbean, Central America, Mexico and South America. It imports LNG in underserved markets where it’s […]

El Salvador plans bitcoin mining using geothermal energy

July 14, 2021

El Salvador announced plans on accepting cryptocurrency as legal tender and calls for the use of geothermal energy for bitcoin mining in the country. News outlets around the world are going a bit wild on recent stories that El Salvador wants to “power crypto-mining with 100% cheap, renewable ‘Volcano’ energy”.  Before jumping on that wagon, […]

Joint statement of Chile and The Netherlands on collaboration in the field of green hydrogen import and export

July 14, 2021

The Minister of Energy of Chile, Mr Juan Carlos Jobet Eluchans, and the State Secretary for Economic Affairs and Climate Policy of the Netherlands, Ms Dilan Yeşilgöz-Zegerius, met in The Hague on the 1st of July to exchange views on the role of hydrogen in the energy transition and on future collaboration. In the joint […]