Evo Morales, president of Bolivia, has approved a project for final design studies for 3,251 MW and 425 MW hydro projects. The contract, which is schedule to be signed next week, will be carried out by Geodata Engineering, an Italian firm. The design work will cost US$15 million and take 15 months. Once the design studies […]
Latin America continues to be the global leader in renewable energy in 2016. A total of 2.7 GW of solar PV will be installed this year from projects in Chile, Honduras and Mexico. Record-low bid prices in Mexico are attracting the interest of governments and promoting the country to the second largest market in L.A.; […]
In El Salvador, a solution to the waste heat and steam produced by geothermal plants is helping women earn more money while also battling climate change. LaGeo, El Salvador’s power generation firm, came up with a plan to put dozens of women from 15 rural communities to work; the initiative has indirectly benefited 45,570 people […]
Macquarie Mexican Infrastructure Fund (MMIF) will supply solar power to government and the private sector in Mexico. As the first managed fund in Latin America, it will buy a 22.5 MW solar project in Coahuila for about MXN 758 million (USD 41m). This represents MMIF’s second investment in renewable energy, as it already has a […]
The organizers of the CREF are pleased to announce the participation of Andrew MacDonald, Director of Havana Energy and CEO of Biopower S.A., Havana Energy’s joint venture with the Government of Cuba. Joining Mr. MacDonald on stage to explore investment opportunities in the Cuban energy sector will be Lee Ann Evans, Senior Policy Advisor at Engage […]
Renewable power company ACCIONA Energia will cover an annual supply of 585.7 GWh of electricity, from two wind farms in Mexico. One of the first companies to sign a PPA with Mexico’s Federal Electricity Commission (CFE), ACCIONA was awarded the contract after an auction held in March. The 168 MW wind farm in the state […]
Closures at the Cuban-Venezuelan Cienfuegos oil refinery will mean cuts in electricity and fuel for Cuban residents, in the second half of 2016. The 65,000 barrels-per-day refinery will be partially shut for 120 days this year due to maintenance; it is currently running at its minimum output capacity of 50,000 bpd. General manager for PDVSA […]
The steadily increasing growth of renewable energy industries presents another challenge to a greener world: financing for institutional capacity. Outcomes from Paris COP21 included several donor pledges to support the Green Climate Fund (GCF), and multilateral development banks (MDBs) committed to significantly increasing their share of climate financing. Clean energy is dependent on more progressive […]
Who wants a piece of the risk? A recent report from The World Bank underscores that, as LAC forges ahead with an ambitious geothermal agenda, there are lessons to be learned from analyzing global approaches to sharing resource risk. There are increasing signs of a resurgence in geothermal markets across Latin America and the Caribbean. […]