Responsible Investor, in partnership with Credit Suisse, has issued a report measuring investor sentiment around the Blue Economy. The survey of 328 asset managers and owners across 34 countries sought to gauge conditions for private capital to flow toward Blue Economy initiatives. Results indicate that industry interest is high, with three in four respondents considering […]
The Puerto Rico Legislative Assembly recently rejected a measure that would increase electricity rates, as part of the Puerto Rico Electric Power Authority (PREPA) restructuring support agreement (RSA) with the public utility’s bondholders. The rate hike, required under the RSA, could increase electricity costs up to 20 percent over the next five years for all […]
After Hurricane Maria ripped through Puerto Rico in 2017 and took out the island’s electric grid, more residents have switched to solar power. In that time, US-based solar and storage company Sunnova has gained more than 2,500 clients, who’ve switched to solar panels and battery storage systems. Officials indicated that recent earthquakes have also intensified […]
Jose Ortiz, CEO of the Puerto Rico Electric Power Authority, has confirmed his participation in the 3rd Puerto Rico Grid Revitalization Forum. Mr. Ortiz joins an dynamic roster of panelists, including Carlos Rodríguez of the Puerto Rico Manufacturers Association and Tomás J. Torres from the Institute of Competitiveness and Economic Sustainability.
Mexico made the list of the top ten geothermal countries based on installed capacity. Coming in at 6th (just behind New Zealand), Mexico has 962.7 MW installed capacity. Countries in the top ten include (in order): U.S., Indonesia, Phillippines, Turkey, New Zealand, Mexico, Italy, Kenya, Iceland, and Japan. Source
Brazil has 700 GW in offshore wind potential, a new study shows. The report, Roadmap Eolica Offshore Brasil, indicates that the country would need to adjust for offshore energy projects, including appropriate environmental licensing and vessels. Currently, Brazil has six offshore wind farms in the licensing phase with a combined capacity of 9,715 MW. Source
In partnership with the Inter-American Development Bank (IDB) and other key stakeholders, the Jamaican government completed its electric mobility framework. “We commenced a process to develop the electric vehicle sub-policy, which includes the development of an electric mobility strategic framework. That framework is now complete, and that was the first stage to getting us towards […]
The 25-MW first phase of the Solar Canoa photovoltaic (PV) farm in the Dominican Republic started operations on Friday, the office of the country’s president Danilo Medina announced. Local firm Potentia Renewables, through its Emerald Solar Energy subsidiary, invested about USD 45 million (EUR 40.5m) in the PV facility, according to the announcement on the president’s website. […]
The technology group Wärtsilä has won the contract to supply a 33 MW flexible power plant on a fast-track basis to the Barbados Light & Power Company Limited (BLPC), the utility company on the Caribbean island of Barbados. The power plant will be supplied as an Engineering, Procurement and Construction (EPC) project. The project will […]