Even though the social and political situation in Nicaragua has been unstable in the last couple of months, the investments in the renewable market – particularly in the geothermal industry – have remained stable and strong. Geothermal developer Polaris Energy recently stated that geothermal plant Jacinto-Tizate has generated US$14.7m this year, which represents a growth […]
Sunrun, an American solar company, will work with local companies to help distribute energy storage, solar systems and batteries to local homes. The company has said that the batteries will be particularly helpful for private homes as they can be installed in one day, recharge daily and hence provide clean, constant and reliable energy […]
Costa Rica is building a 97 KW solar project in a Free Zone – one of the most important business regions of the country, as it has the characteristic of promoting innovation and investment through the provision of benefits and incentives from the Federal Government. The installation will be completed by local company, Enertiva, and […]
The Danish wind turbine company, Vestas, will build a 48 MW wind park in the Dominican Republic. The company expects to ship the wind turbines within Q1 2019 as the commissioning is scheduled for the Q3 2019. This will be the company’s fifth project in the country with 180 MW of installed and under construction […]
Haiti’s Ministry of Environment and the United Nations Development Program (UNDP) have organized a two-day information workshop to advise project developers from the private sector, academia and policy makers on how they can access the Green Climate Fund (GCF), which has the objective to fund projects which help fight global warming. Martine Thérer, Deputy Representative […]
The Government of Guyana has secured a deal with Japan for US$17.8M dedicated to renewable energy development and system efficiency improvements. This grant will also provide US$1.3M for energy saving LED lights, which are expected to fund 10,930 units of LED streetlights. This investment will be used to improve the efficiency of the power system […]
GIZ, IRENA and SICA have announced a joint initiative to host a workshop at GEOLAC for Central American stakeholders. The workshop will showcase how geothermal energy can be decisive for ensuring resilience, independence, competitiveness, and security. In addition, it will foster a regional dialogue on geothermal for power generation and direct uses. Participants will also […]
MPC Caribbean Clean Energy Fund and ANSA McAL are about to acquire a 21 MW wind farm in Tilaran, Costa Rica. While the wind farm has been in operations since 2015, the project has a potential of growing to a 40 MW wind farm. This is not the first renewable project to be acquired by […]
More than 14 countries from the LAC region attended a business forum in Cuba, with the objective to increase the islands commercial and investment relationship with the greater Caribbean. Cuba has been open to investments from the region and wants to continue carving a path forward. The President of the Chamber of Commerce in Cuba, […]