According to PricewaterhouseCoopers (PwC), clean-energy acquisitions in Latin America nearly tripled last year. $7.6 billion in renewable energy deals were signed in the region in 2015, which is up for $2.7 billion from 2014. Arthur Ramos, partner at PwC said, “Multinationals are taking stronger positions in Latin America where there is a perspective of lack […]
Sun Fund Americas, a Costa Rican renewable energy development company, will expand its operations to Jamaica this year. The company signed a 20MW solar PPA. Sun Fund works primarily on utility-scale solar projects and executes them in conjunction with Serenfushion Americas, a US-based hospitality development company. Read more here.
European Commissioner for International Cooperation and Development, Neven Mimica, and President of the Overseas Countries and Territories Association and Prime Minister of Curaçao, Dr. Ben Whiteman signed a Joint Declaration on cooperation on sustainable energy this week. EU Ambassador to the Eastern Caribbean, OECS, CARICOM and CARIFORUM, Mikael Barfod said: “The Joint Declaration represents an important […]
Earlier last month, New Energy Events hosted a webinar on the implications of COP21 and the Paris Agreement on the Caribbean. The 21st Annual United Nations Framework Convention on Climate Change Conference of the Parties, COP 21, saw the adoption of landmark commitments by the global community to keep global temperature increases below 2 degrees Celsius […]
This week, a 3 MW solar power plant was inaugurated at the Antiguan international airport. The plant, which was developed by PV Energy Limited, has over 12,000 PV panels. According to PV Energy, the plant will generate up to 4.645 MWh per year, saving 3.019,50 tons of CO2 emissions on the island in the same […]
Bolivia’s Ministry of Hydrocarbons and Energy reports that it will develop a new solar array. The first phase of the project will produce 50 MW of electricity per year. An additional 50 MW will be added at a later date. The project, which is financed by the Agence Francaise de Developpement, will cost $95.7 USD.
Lucelec, the solar power supplier of Saint Lucia, has announced an RFP to develop a 3 MW solar project on the Island. The utility is seeking a development partner for the solar farm’s engineering, procurement and construction (EPC); Lucelec will provide the funding and will manage the park after it is online. The project is […]
Despite the falling price of oil globally, the cost of fossil-fuel generated electricity in the Caribbean remain high. “It’s killing us, and we look forward to any assistance that we can get in helping to lessen the cost of electricity. One would hope that with the cost of oil going down by leaps and bounds […]
Cuba and China have signed a commercial contract for the implementation of a 100-MW photovoltaic project in the Greater Antilles. In 2015 the Abu Dhabi Fund for Development (ADFD) announced an AED-55 million (USD 14.9m/EUR 13.3m) concessionary loan to the government of Cuba for the development of a 10-MW solar project in the country. This […]