Equipment for the first phase of the geothermal development project on Nevis, began arriving on the island following shipping delays due to the recent passage of Hurricanes Irma and Maria, pushing the start-up dates from October to mid-November. Mr. Mc Levon “Makie” Tross, Local Representative for the geothermal developers Nevis Renewable Energy International (NREI), told […]
Colombia’s Minister of Mines and Energy, Germen Arce Zapata, announced on Friday that the country will hold its first auction for large-scale renewable energy before the current government term ends. The planned tender, which will negotiate contracts for solar, wind and biomass sources, should take place by May 27, 2018, when the next presidential elections will be held. This […]
An important partnership has formed between a leading regional solar developer and Jamaica’s sugar industry. Minister of Industry, Commerce, Agriculture and Fisheries, Karl Samuda, made the announcement at the signing of a Memorandum of Understanding between SCJ Holdings Ltd and BMR Energy LLC. The Monymusk sugar factory in Clarendon, Jamaica will get a solar upgrade […]
To set the stage for the 2nd Caribbean Infrastructure Forum (CARIF) held on December 11-12 in Montego Bay, New Energy Events and IJGlobal are exploring the investment climate in infrastructure across the Caribbean. This webinar was held on Thursday, November 16, 2017. Webinar topics include: – Investor & financier perspectives on opportunities for Caribbean infrastructure: which markets […]
Grenada’s roads that link rural communities, cities, and ports are in need of improvement, and a $1.2 million grant will fund a feasibility study for required upgrades. The Board of Directors of the Caribbean Development Bank (CDB) approved a grant of £930,000 (US$1.2 million) to the government of Grenada, to prepare a feasibility study and […]
Funding totalling $220 million will support Ecuador’s expansion and strengthening of electricity infrastructure and reducing fossil fuels. The Inter-American Development Bank (IDB) has approved a $150m loan for Ecuador to help the country expand, strengthen and improve the operational efficiency of its power sector. The 25-year loan includes a 7.5-year grace period, LIBOR-based interest rate, […]
The Guatemalan El Ceibillo geothermal project is a recipient of a $3.42 (EUR2.91) million grant from the German Development Facility (GDF) for Latin America for further development drilling. The grant represents an approximate 40% cost share for drilling up to three production wells, with a total estimated program cost of $8.81 (EUR7.486) million. If the […]
A World Bank project will infuse $35 million into Haiti’s economy to to scale up renewable energy investments and improve electricity access for Haitians. The project – which entails two grants from two separate World Bank grant programs – will consist of two components: 1) grid-connected energy, such as solar PV to demonstrate viability, while […]
In the wake of two devastating weather events, the organizers of CARIF have announced the introduction of a stream focused exclusively on resilience. On the table for what is a critical discussion are risk assessments and solutions for the region, and the availability of new sources of funding to build resilience into existing and new […]