If we are to believe everything we read in the papers, we’re on the cusp of a wave of geothermal development across the Caribbean. But from Nevis to Dominica, we’ve seen the headlines before. What, if anything, is different this time around? Money and people certainly seem to be showing up at the right time. […]
KfW announced the launch of Geothermal Development Facility, Latin America – a multi-donor climate initiative to promote geothermal energy in Latin America. The fund will provide grants for exploration studies, exploratory drilling and some technical assistance. Qualified developers in Chile, Bolivia, Peru, Ecuador, Colombia, Costa Rica, Nicaragua, El Salvador, Honduras and Guatemala can apply for funding. IDA […]
Against the backdrop of the low price of oil, and as gas begins to permeate the regional energy matrix, the strong early line-up of sponsors for CREF 2016 suggests that optimism for the prospects for investment in renewables remains strong. The organizers of CREF are pleased to welcome to CREF household names ranging from WRB […]
Germany’s Ministry for Economic Cooperation and Development (BMZ) and Development Bank of Latin America (CAF) signed an agreement to promote the development of energy projects in Colombia, Ecuador, Peru, Bolivia, Chile and Mexico. The first credit line of €250 million (c. $286 million) will be allocated to lowering financing that CAF grants to geothermal projects in the region. The […]
Jamaica and the Dominican Republic are among those markets in the region which are forging a path to a resilient energy matrix through the development of renewables – as well as investment in gas infrastructure. Touted by some as a transition fuel and by others as a long-term source of baseload, this will examine the […]
In an attempt to move away from volatile oil markets in Latin America, U.S. Vice President Joe Biden urged Central American and Caribbean leaders to move toward more integrated and diversified sources of energy. Forward of the upcoming Energy Summit in Washington D.C, the U.S. Vice President said: “We just have to harness that momentum […]
Jamaica’s Office of Utilities Regulation announced that Eight Rivers Energy Company (EREC) is the winner of the energy procurement auction for a 33.1 MW solar project. EREC set a record by proposing the lowest electricity price for solar power in Jamaica – just 8.54 US cents per kWh. “The OUR is pleased with the proposed all-in […]
The Mexican Center for Innovation in Geothermal Energy, CeMIE-Geo, is an academia-industry alliance supported by the Mexican Secretary of Energy (SENER) and the National Science and Technology Council (CONACYT) aimed to promote and accelerate the use and development of geothermal energy in Mexico. The center is located in Ensenada, Baja California.
Caterpillar executives and representatives from RIMCO travelled to Cuba in mid-May to meet with government representatives. “We believe in the power of engagement, and our goal is to be both a business and cultural partner in Cuba for many years to come,” said Doug Oberhelman, Chairman and CEO of Caterpillar. “For nearly 20 years, Caterpillar […]