Investor interest in Mexico’s emerging renewables market was at an all-time high in December 2018 after the three clean energy auctions were hailed a success. Now, expectations have hit rock-bottom, the market is in tatters — and the coronavirus pandemic is making things worse. As the government continues to divert its focus from achieving environmental […]
Under pressure from governments and investors alike to address climate change concerns, Europe’s oil companies are accelerating their production of cleaner energy including electricity, hydrogen, and natural gas, which will have an impact in other markets. Source
The transition to a net-zero emission economy could lead to 15 million more jobs in Latin America and the Caribbean by 2030, helping to restart sustainable economic recovery after the COVID-19 pandemic, according to a new report by the IDB and the International Labour Organization. Report and more information here.
Starting early 2021, Jamaica plans to develop over 500 megawatts of new generation. “It is envisioned that competition will bring the price of electricity down, while bringing the best technologies into the energy sector,” said Minister of Science, Energy & Technology Fayval Williams in a webinar discussion on ‘Renewable Energy Infrastructure Investment Opportunities’ on Thursday. […]
Current and potential solar photovoltaics (PV) practitioners in the Eastern Caribbean are currently benefiting from a training and international certification programme, aimed at persons who are currently working or are interested in the industry but lack internationally recognised certification. Approximately 150 women and men will be trained in the installation of PV systems as part […]
The Cerro Pabellon geothermal power plant has currently a power generation capacity of 48 MW with an expansion in development since 2019. The Cerro Pabellón III project plans to install 33 MW in additional capacity (28 MW net). The company reports that the environmental permit has already been issued, all required turbines are already on […]
IDB Invest, a member of the Inter-American Development Bank (IDB) Group, approved a revolving credit facility of up to US$2 million to Caribbean LED Lighting Inc. (CLL) in Barbados. The facility will facilitate access to finance for the private sector, and will be used to expand the operations of the company within the Caribbean region […]
The presidency of the Costa Rican Electricity Institute (ICE), declared that they are not going to provide any land to make the incinerator (or any type of chemical combustion) of waste that seeks to generate electricity as a result of the activity. In addition, ICE asks the Metropolitan Federation of Municipalities (FEMETROM) for an explanation […]
Dominica’s geothermal project is facing a big roadblock – substantially higher project costs than anticipated. Following a September 2019 tender for the construction of a geothermal power plant on the island, three bids reviewed as valid all came in at prices significantly higher than estimates for project costs. The project had previously secured sufficient funds […]