Jamaica is ahead of schedule in achieving 30 per cent of its energy consumption from renewable energy sources by the year 2030. Speaking at the launch of the Sustainable Energy and Climate Change Master’s Programme at the University of Technology (UTech), today, Minister of Science, Energy and Technology, Dr Andrew Wheatley, pointed out that Jamaica […]
In a recent article by a lawyer from Nicaragua, an overview is given on the tax incentives for geothermal project development In Nicaragua. The country offers attractive tax incentives based on Act 443, “Law on the Exploration and Exploitation of Geothermal Resources” and any amendments thereto, published on November 17, 2014. The tax incentives available, […]
Six bioenergy and small hydro projects that won the RenovAr 1 auction are due to sign their power purchase agreements (PPAs) by March 2, Energia Estrategica said. The other 23 winning projects from that auction round have already concluded their contracts. Energia Estrategica also reported that the government would extend by one more month, till […]
The European Commission‘s electrification financing initiative, ElectriFI, has made its first investment of US$2.5 million in clean energy micro-utility Sigora Haiti, supplying households, schools and small firms with electricity. ElectriFI received 290 proposals in response to its first call for investment in April 2016 before passing management of the €75 million fund on to the Association of European Development Finance […]
Magaly Flores, head of Mexico’s Comision Federal de Electricidad’s (CFE) geothermal program, has confirmed she will participate as a speaker at GEOLAC 2017. CFE is leading the charge for geothermal development in Mexico and holds a number of concessions and exploration permits. In July 2015, CFE put out an official “call” to local and international […]
IFC and AMC are giving a boost to a new Latin American player, who recently acquired assets in Chile, Peru, Brazil, Argentina, Ecuador, El Salvador, and Guatemala. IFC, a member of the World Bank Group, and the IFC Global Infrastructure Fund (GIF), a fund managed by the IFC Asset Management Company (AMC), invested a combined […]
The World Bank board of directors approved a $480 million guarantee to mobilize private sector investment in the renewable energy sector and help Argentina meet its goal of twenty percent renewables by 2025. “The support of the World Bank is facilitating progress in our country to achieve in a few months what was not done […]
Bahamas Power and Light is weeks away from bringing rooftop solar PV to businesses and homeowners. During an interview with local radio show, Minister of Environment and Housing Kenred Dorsett said Bahamas Power and Light (BPL) is making preparations to connect small scale PV to its electricity grid. “BPL indicated last month that they are […]
Actis announced this week its acquisition of more than 1,500 MW of solar PV assets in Latin America from bankrupt US developer SunEdison. The company has acquired 578 MW of contracted projects in operation, construction or advanced stage of development, plus more than 1,000 MW of early-stage projects. It gave no further details about the […]