Colbun produces first green hydrogen molecule at Nehuenco Plant

December 6, 2024

Chilean utility Colbun has successfully produced its first green hydrogen molecule using a small-scale system at its Nehuenco gas-fired plant in the Valparaiso region. The test run is part of preparations for the system’s commissioning, which aims to replace grey hydrogen used in the plant’s cooling units. The green hydrogen plant, consisting of electrolysers, solar […]

Colombia introduces new pricing mechanism for electricity market

December 6, 2024

Colombia’s government has introduced a new pricing mechanism for electricity on the country’s energy exchange, aiming to stabilize prices. Under the new rules, plants with low operating costs, such as those powered by coal, hydro, solar, and wind, will face significantly lower price caps. In contrast, high-cost plants using natural gas, diesel, or imported fuels […]

Argentina partners with Germany on green hydrogen and ammonia projects

December 6, 2024

Germany’s Federal Ministry for Economic Affairs and Climate Action (BMWK), in collaboration with the German International Cooperation Society (GIZ) and Austria-based RP Global, has launched a partnership in Argentina to develop green hydrogen and green ammonia projects. These initiatives will target both domestic use and exports to Europe, particularly Germany. The partnership includes studies on […]

Bahamas announces US$300 million debt-for-nature swap for marine conservation

December 6, 2024

The Bahamas has refinanced US$300 million of its external debt, securing over US$120 million for marine conservation and climate change mitigation projects. This “debt-for-nature” deal, the fifth of its kind globally, was made with The Nature Conservancy, the Inter-American Development Bank, and other financial partners. Source: AP News

Trinidad and Tobago launches wind resource assessment for future wind energy deployment

December 6, 2024

Trinidad and Tobago has initiated the onshore “Wind Resource Assessment Programme (WRAP)” by deploying Light Detection and Ranging (LiDAR) devices at Orange Valley and Galeota to measure wind data for the next 12-18 months. This project marks the first step towards wind energy development in the country. The successful deployment follows a consultancy supported by […]

Jamaica awards large-scale solar projects to Wigton Energy and SunTerra Energy

December 6, 2024

Wigton Energy and SunTerra Energy Jamaica have won bids to develop large-scale solar projects in Jamaica following a 100 MW renewables tender held in 2023. Wigton Energy will build a 49.83 MW plant in Clarendon, while SunTerra Energy will construct a 50 MW plant in Trelawny. Both companies will own, operate, and negotiate power purchase […]

Barbados launches world’s first debt-for-climate resilience swap

December 6, 2024

Barbados has implemented the world’s first “debt-for-climate resilience” swap, unlocking US$165 million for climate adaptation projects. The deal allocates US$125 million to upgrade sewage treatment plants, improving water supplies and reducing marine pollution, alongside investments in water infrastructure, food security, and environmental protection to combat climate change effects. Source: Reuters

OECS and IRENA collaborate to advance geothermal energy in the Eastern Caribbean

December 6, 2024

The Organization of Eastern Caribbean States (OECS) has partnered with the International Renewable Energy Agency (IRENA) through the SIDS Lighthouses Initiative and the Global Geothermal Alliance to advance geothermal energy development in its Member States. The collaboration, focusing on Dominica, Grenada, St. Kitts and Nevis, Saint Lucia, and St. Vincent and the Grenadines, aims to […]