The Geothermal Development Facility (GDF) for Latin American this month began accepting expressions of interest (EOI) for funding awards to cover geothermal exploration, drilling and well testing in 10 Latin American countries. EOIs are due by Feb. 28. The GDF was launched by the German government’s KfW Development Bank together with the European Union and other […]
Argentina’s Ministry of Mines and Energy announced on Monday it has signed contracts for 818 MW of new renewable energy with winners from the RenovAr 1 tender. The 16 projects represent almost 72% of the total awards in the first tender round of the RenovAr renewables programme, which reached 1,142 MW. More details on the […]
Companies from Cuba and China on Friday signed 10 agreements to strengthen cooperation in renewable energy and industry after a three-day forum. With the participation of 18 Chinese companies and 20 Cuban firms, the forum analyzed cooperation strategies to expand the development of renewable energy in the island nation. The event also saw Chinese companies […]
IFC, a member of the World Bank Group, has provided $92.5 million in long term financing to four subsidiaries of Grupo Promerica in four Central American countries to boost access to finance for small and medium enterprises. Though small and medium enterprises are engines of job creation, representing 95 percent of all companies in Costa […]
President of Costa Rica, Luis Guillermo Solis, announced during the opening of Abu Dhabi Sustainability Week that the country was aiming to achieve carbon neutrality by 2021. The Central American nation already sources 98 per cent of its electricity from renewables, according to the Costa Rican Electricity Institute (ICE). Costa Rica ran solely on renewable […]
Antigua is reviewing Antigua Public Utilities Authority’s (APUA’s) unpopular net billing policy, however the minister of information was unwilling to say whether it would amended in homeowners’ favour. Presently, the net billing policy limits the savings one can achieve through home solar installation. APUA sells power to the consumer at the commercial rate but credits […]
Chile is exploring an increase in energy exports to Argentina and connecting electricity grids in Argentina and Peru, as it seeks to capitalize on friendly relations to drive down prices. Chile, which has almost no hydrocarbons of its own and an energy-intensive copper mining industry, has struggled for years with high power prices. But a shift […]
At the IRENA General Assembly meeting this week in Abu Dhabi, the United Arab Emirates (UAE) announced a landmark new $50 million fund for renewable energy projects in Caribbean island countries. The new fund will seek to conclude project agreements with several countries per year. Designed for flexibility, it can support renewable energy projects both […]
Spain’s Elecnor SA said on Monday it has been awarded a $117.2m contract to build the 115 MW Santiago Solar plant in Chile. The company has been hired for the job by the project company, owned by EDF Energies Nouvelles, which in turn is the renewables arm of French power producer EDF, and local developer […]