The 2nd Blue Economy Caribbean signaled just how far the market has moved since 2018, and how far it still has to go. To shift the paradigm—everything from policy to budget priorities, business strategies to finance tools—mindset must shift first. Among some stakeholders, a lack of understanding around how natural ecosystems can contribute to economic […]
A new report from the U.S. Energy Information Administration (EIA) revealed that nearly a year passed before electricity generation was fully restored to pre-storm levels in Puerto Rico. The annual Power Plant Operations Report states that government agency PREPA, responsible for the territory’s electricity supply, lost 80% of its transmission and distribution network following Hurricanes […]
Envision Energy Argentina inaugurated the Garcia del Rio wind farm in Buenos Aires—the first of four projects the Chinese company secured in the country as part of the government’s RenovAr renewable energy program. The 10MW park will be followed by Ventos del Secano and Cerro Alto, both 50MW, and the 75-MW Los Meandros. The park’s […]
U.S. energy firm Invenergy announced a joint venture with with Empresas Públicas de Medellín (EPM) to bring more than 400MW of renewable energy capacity to Colombia over the next five years. EPM is looking to expand beyond hydropower, which includes its problem-plagued Hidroituango dam project. This new enterprise has Invenergy developing and operating wind and […]
A new gas-fired 150MW power plant in Jamaica is helping drive up local LNG demand in a boon for U.S.-based New Fortress Energy. The Jamalco plant is expected to boost the company’s portfolio, which saw the bulk of its US$50 million in quarterly sales come from Jamaica. New Fortress aims to increase its current Jamaican […]
Anguilla has rolled out a mobile energy storage pilot with the commissioning of a containerized battery from Gridspan Energy. The 125kW mobile battery system can be quickly deployed to sites and is operational within 15 minutes. This pilot program, the first of its kind in the Caribbean, has emergency response and solar storage capabilities. Source
Energy company IEnova has secured funding for a large-scale, 376MW solar pipeline in Mexico, with support from the World Bank’s International Finance Corp. and the North American Development Bank. The development banks will contribute US$200 million in green loans for the pipeline, which includes the already-operational Pima Solar 110MW plant. This project represents U.S. subsidiary […]
Panama has re-opened bidding for assistance with its near-term electricity distribution. The state power transmission company Etesa is seeking generators or self-generators in the local wholesale market to assist with the supply of firm capacity and energy to Empresa de Distribución Eléctrica Metro-Oeste (Edemet), Empresa de Distribución Eléctrica Chiriquí (Edechi) and Elektra Noreste (ENSA). Offers […]
Cuba made progress toward its 2030 renewable energy goal with the recent opening of an experimental photovoltaic park in Havana. The park, part of a university Microelectronics Research Center, was the result of a group partnership between Cuba, German and Mexico. Source