The Mexican solar industry reports having a positive outlook for 2016 after the Chamber of Deputies approved the Energy Transition Law (LTE) earlier this month. The law contains goals and mechanisms for incorporation of renewable energies into the electric grid and comprises the final phase of Mexican energy reform. Previously stuck in the Senate for more […]
The Global Geothermal Alliance (GGA), launched on the sidelines of the UN climate talks in Le Bourget, with the aim of facilitating a sixfold increase in geothermal electricity production and a tripling geothermal-derived heating by 2030. At present, geothermal is growing modestly, at three to four percent per year, providing 12 gigawatts of electricity annually. […]
El Salvador will begin construction on the Country’s first utility-scale PV project – a power station with funding from the IDB and the Canadian Climate Fund for the Private Sector in the Americas. A total US$87.8 million has been granted for the construction, operation and maintenance of the 100-MW Providencia Solar power plant in El Salvador. […]
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St. Lucia stepped into a big role at the United Nations Framework Convention on Climate Change (COP21) that took place outside of Paris, last week. The responsibility to lead CARICOM negotiations was assigned to the Country because Prime Minister Hon. Dr. Kenny D. Anthony is the CARICOM lead head of government on Climate Change. At […]
Ormat announced today it has signed a binding Memorandum of Understanding to acquire, gradually, 85% of Geothermie Bouillante SA (GB) at a total company enterprise value of up to around €52 million. GB owns and operates a 14.75 MW geothermal power plant and owns two exploration licenses with a total additional potential capacity of up to […]
Former Chief Executive Officer in the Ministry of Energy, Science, Technology and Public Utilities, Dr. Colin Young, reported that oil production in Belize is at an all-time low and will continue to decrease through 2024. According to the Statistical Institute of Belize, revenues from petroleum exports hit a high f $292 million in 2012 but […]
Gamesa signed a Memorandum of Understanding with the Mexican Electricity Board (CFE) to co-develop a wind turbine tower plant in Mexico with the Daniel Alonso Group. According to Gamesa’s Latin American managing director Hipólito Suárez, “Execution of this agreement will lead to the creation of hundreds of jobs in the tower manufacturing area and by […]
The national energy agency of Iceland, Orkustofnun, has evaluated CO2 savings by using geothermal instead of oil from 1914 through 2014. The accumulated savings are 140 million tons by utilizing geothermal instead of using oil for heating and production of electricity; last year the annual savings amounted to 7.5 million tons of CO2, 57% for […]