A 36 MW wind farm in Potsdam, St. Elizabeth, is helping to diversify the country’s energy matrix and ease dependence on fossil fuels. The Blue Mountain Renewables (BMR) plant is assisting community schools and local farmers who are affected during the construction phase; additionally, the plant is expected to reduce greenhouse gas emissions by about […]
Costa Rica again boasts a landmark renewable energy achievement with the inauguration of the 305.5 MW Reventazon dam and hydroelectric plant. Build fully in-house by the Instituto Costarricense de Electricidad (ICE) and funded by a mix of local and international banks, the cost for the plant came to US$1.4 billion dollars and completed three months […]
New Energy Events in partnership with IJGlobal and title sponsor First Caribbean International Bank, are pleased to announce that Ben Moody, President and CEO (Pan American Finance) has joined our roster of industry leading stakeholders speaking at the inaugural Caribbean infrastructure Finance Forum. Ben has over 30 years of experience in M&A advisory, project finance, debt & equity capital […]
Columbia’s new Vice Minister for the Ministry of Mines and Energy, Rutty Paola Ortiz, will be responsible for leading a review of the country’s new electrical institutions to ensure energy security continues to improve. Vice Minister Ortiz will confront major challenges facing the oil sector and maintain progress on the governmental PaZa La Corriente program. […]
The Platanares geothermal project by Ormat Technologies in Western Honduras will receive financing of US$135 million from OPIC, as part of a US$1 billion commitment by the organization to fund new development projects. The Overseas Private Investment Corporation (OPIC) approved the investment for the development, construction, and operation of the 35 MW Platanares plant. As […]
The Energy Unit and the St. Vincent Geothermal Company will host two public meetings next week to discuss the ongoing geothermal energy project near the La Soufriere Volcano. As work continues on the 10 to 15 MW plant, the two agencies have decided to host sessions to inform the public of advancing plans. The first […]
An investment in excess of 160 million has resulted in the second largest solar farm in Puerto Rico and the largest of its kind in the Caribbean. Greece-based company METKA-EGN built the facility and will commission and operate it following completion later this year. CEO Andreas Mustad considers this a “landmark moment for Sonnedix”, noting that […]
A new initiative to improve energy efficiency at the National Water Commission (NWC) entered into force on September 14 via an agreement between the Jamaican Utility and the United States Trade and Development Agency (USTDA), to fund a one-year energy efficiency and renewable energy project. The project will begin by targeting those NWC facilities which […]
Elva Williams-Richards, SVP for Finance and Corporate Planning at the Port Authority of Jamaica, has confirmed she will participate in the inaugural CARIF in Nassau in December. The Government of Jamaica recently announced that it is moving to convert the shipping ports in Montego Bay into a regional multipurpose port. At a recent press conference Dr. […]