Renewable energy markets are getting ready to boom in Latin America, says Greentech Media. Recent auctions saw solar outcompete all other technologies in the region; solar walked away with 20% of the offered capacity in Chile, 63% in Brazil, 40% in Peru, and 72% in Mexico. In 2017, GTM expects Mexico to install 2 GW, […]
Solar capacity on Chile’s central power grid has quadrupled to 770 MG over the last three years. This rapid increase has led to the decrease of electricity costs for consumers. Chile currently has 29 solar farms online and 15 more in the pipeline. Some regions are in fact oversupplied with power and the Chilean utility, […]
Jamaica has restructured its agreement with Petrocaribe, the credit finance arrangement that gives member countries discounts and preferential terms for the oil they purchase from Caracas. Earlier this year, the cash strapped Latin American country agreed to cancel Jamaica’s $3 billion of Petrocaribe debt in exchange for a lump sum payment of $1.5 billion. Jamaica now […]
Peru is pursuing renewable energy on a number of fronts – hydro power in the Andes, wind power in Ica, Piura and Lambayeque, solar in Tacna and Moquegu, and geothermal energy. Peru is currently 9th and 11th for hydro and geothermal power projects in in world, according to the latest Renewable Energy Country Attractiveness Index—RECAI by […]
Outside Havana, few people had heard of Cuba’s decade-old “energy revolution” until recently. The revolution, which seeks to radically overhaul the island’s energy matrix, has a price tag of approximately US$3.5bn, much of which will need to flow from international sources. The US embargo, however, deterred all but the most intrepid of investors. Now, though, the […]
The Cuban Government, which is managing a proprietary invite list for the Cuba Energy & Infrastructure Forum, has confirmed it is inviting upward of 30 key officials to attend the event in September. The invitation list comprises senior officials drawn from government ministries and key state-owned enterprises all of whom are actively engaged in the […]
Mexico’s second clean energy power auction is scheduled to be held on September 30th of this year. Recent nationwide reforms opened the energy sector for private investment. The move has been extremely popular with international players like Enel Green Power, SunPower and Recurrent Energy – all who won clean energy certificates (CLEs) under the first auction. […]
The installation of LED bulbs in street lamps is expected to cut government spending on electricity by one third annually. Savings will total $6 million per year. The board of directors of the Caribbean Development Bank approved $9.5 million in funds for the project. Saint Lucia’s Energy Minister, Hon. Dr. James Fletcher, stated that the […]
Rosell Guerra Campaña, the Director of Renewable Energy within the Ministry of Energy & Mines, has confirmed he will participate at CEIF. In 2014 the Government announced ambitious targets for renewable energy, mandating 24% penetration by 2030. Mr. Guerra will outline progress to date.