According to Silbert Barrett, a Sustainable Strategist at Brittenwoods International, a Trans-Caribbean Hydrothermal Power Plant could generate 52 gigawatts of renewable energy by 2030. Accessing the super-heated undersea hydrothermal vents that are located between Jamaica and the Cayman Islands in the Mid-Cayman Trough, would take approximately $140 billion dollars and 450,000 workers. If successfully completed, […]
Increasing rates of electricity use and renewable energy integration in Latin America translates for increased profits for Italian utility, Enel. Profits for the first-half of the year are up 3.4% in Latin America, whereas in Italy, where energy usage is on the decline, profits have decreased by a half percentage point.
Referring to the Caribbean as “a ticking time bomb,” president of the Ocean Geothermal Energy Foundation (OGEF), Jim Shnell, highlighted the importance of transitioning to reducing the pace of climate change by increasing island renewable energy mix. OGEF, an organization that seeks to fund the R&D needed to tap into the earth’s vast geothermal energy resources, […]
The Central American Bank for Economic Integration (CABEI), co-host of the Central American Renewables Investment Summit, will provide financial assistance totaling $80,000 to conduct a study for a mini hydropower plant in the Southern Coast region of Guatemala. The pre-investment study is funded by the Accelerating Renewable Energy Investment in Central America and Panama (ARECA), a […]
US renewable energy firm, Greenwood Energy, will build and operate a 1 MW photovoltaic system at the Chiriqui Hospital in Panama’s second largest city, David. According to Greenwood’s CEO, Camilo Patrignani, this project will improve power reliability while also cutting utility costs at the hospital. The PV system will be built on a 30 year […]
Caribbean-Central American Action announces 39th Annual Conference – 2015 Event to Focus on Cuba Caribbean Central American Action (CCAA) recently announced that its 39th Annual Conference on Central America and the Caribbean will take place in Miami from November 15-17. With a focus this year on Cuba, experts from the areas of business, government, academia and […]
In pursuit of a targeted 30% renewable energy by 2030, the Government of Anguilla borrowed $2.3 million USD to fund the installation of 1 MW of solar. This project will allow the Anguilla Electricity Company Limited (ANGLEC) to monitor the impact of the introduction of intermittent renewables into the energy matrix. The loan was provided […]
U.S. Geothermal Inc. Guatemala has been granted approval to modify the development schedule of the El Ceibillo geothermal project. Though the initial request for a schedule modification was submitted in 2013, the change is expected to be signed into action within the next month. The modified schedule will have the project operating commercially by 2018.
Last week, Mexico’s Energy Ministry signed on to develop and explore 5,000 MW of geothermal power. A total of five geothermal concessions and 13 exploration permits were awarded to national power utility, Comision Federal de Electricidad (CFE).