A series of earthquakes across Puerto Rico deal another blow for the already fragile power system. As of Jan 9, about 2/3 of Puerto Rico is without power, and officials say the impact from the earthquakes have caused wider devastation than Hurricane Maria. In the case of generation, one power plant has suffered sufficient damage […]
Barclays shareholders have filed a landmark resolution asking the bank to phase out the financing of fossil fuel companies. The request came from 11 institutional investors managing more than US$170.6 billion and about 100 individual shareholders, and will be voted on at the British bank’s annual general meeting in May. Barclays is currently the highest […]
From Barbados and the BVI to the Turks and Caicos and Bermuda, islands are starting to seriously consider airport PPPs. But what are their hesitations and concerns? At the 4th Caribbean Infrastructure Forum, sector leaders from across the region will take the stage to assess the pipeline for airport development post-Norman Manley, and examine which financing […]
Martinique, a French Caribbean territory, is exploring the potential for geothermal energy, as part of an island-wide clean energy transition. Over the previous two decades, experts have identified two potential areas for geothermal development, with a particular focus on the southwest region of the island. A group of Martinique’s electricity and energy stakeholders recently made […]
A U.S. District Judge has canceled a Jan. 14 hearing on the Puerto Rico Electric Power Authority (Prepa) $8.3-billion restructuring deal, as requested by the Financial Oversight & Management Board and the Fiscal Agency and Financial Advisory Authority. This is the fifth postponement of the hearing and a new date hasn’t been set to discuss […]
New Energy Events LLC, host of the annual Caribbean Renewable Energy Forum (CREF), and the Puerto Rico Manufacturers Association (PRMA), the largest and most influential association representing the interests of Puerto Rico’s private sector, are partnering again to host the 3rd Puerto Rico Grid Revitalization & Investment Forum (PR-GRID 2020), taking place July 14-15 in […]
New York State leaders announced a program to provide business assistance and workforce development for Puerto Rican solar and construction companies. The $4.5 million initiative – called Puerto Rican Solar Business Accelerator, Workforce and Small Business Development Program – is being done through a partnership between the New York State Energy Research and Development Authority […]
In 2020, an unlikely company will be installing 300 PV systems in Barbados. The Barbados National Oil Company Limited (BNOCL) will install solar PV systems across homes of 300 people within the company, as a pilot project meant to diversify its offerings and make available a renewable energy arm of the company. Chairman of BNOCL, […]
Democratic presidential candidate Elizabeth Warren has released a Blue New Deal—indicating a growing US focus on issues related to the Blue Economy. The comprehensive plan focuses on ocean conservation, marine renewable energy and related industries. Included in the proposal are support for offshore clean energy, community benefit agreements, and new standards for sustainable ocean farming. […]