CREF Market News - Page 63 of 90

EU pledges over €70 million to Latin America and the Caribbean
November 13, 2016
The European Union has pledged over €70 to “improve the conditions of people within the Community of Latin America and Caribbean States (CELAC).” The funding is part of a €74 million sustainable development program in accordance with the “Transforming Our World: the 2030 agenda for Sustainable Development”; it intends to support a transition towards sustainable […]
El Salvador, Bolivia: Countries Agree to Cooperate in Installation of a 5 MW Geothermal Pilot Plant
November 13, 2016
El Salvador and Bolivia are looking forward to “an opportunity for integration [and] greater income” via a partnership that will allow short-term energy integration between the two countries. State-owned Bolivian oil company, YBFB, will become a supplier, marketer and distributor of LPG to El Salvador, while the latter country with Salvadoran company LaGeo will provide […]
Solar Water-Heater Market Hot For Exploitation
November 6, 2016
Confidence is growing for the solar water-heating market among authorities and researchers in the Caribbean region. According to Dr. Xavier Lemaire, senior research associate at the University College London (UCL) Energy Institute, the opportunities inherent to the region are based on high levels of insolation and urbanization and will require authorities to establish a proper […]
IRENA helps Central America integrate renewables
November 6, 2016
The International Renewable Energy Agency (IRENA) has stepped in to help Central America meet its 2020 target for renewable energy. The “concrete results” expected include an 11% renewables generation target for the region; this will be facilitated by programs like the Renewables Readiness Assessment for Panama and the Clean Energy Corridor of Central America. Energy […]
SolarPack sees Chile’s low renewable energy prices here to stay
November 6, 2016
Concerns over falling prices in the renewables market were quelled by Spanish solar provider SolarPack, who expressed that they have “very few doubts” in the long-term sustainability of renewables. Questions have arisen from analysts and attendees at the CIREC conference in Santiago last week, asking about the availability of financing for projects such as Granja […]
Colombia to update renewable energy policies
November 6, 2016
An agreement aimed at improving the Integration Programme of Renewable Energies (PER) was signed between Colombia’s Ministry of Mines and Energy and the FDN, last week. The FDN is a national financial institution supporting the financing of infrastructure projects and will work with the Ministry for eight months to identify financial instruments and projects to […]
St Maarten PM wants joint geothermal project
November 6, 2016
Prime Minister of St. Maarten, William V Marlin, is leading the charge for the “joint development” of geothermal energy in the Caribbean. Recent studies have confirmed the potential for the resource in Nevis, Dominica, Antigua and Barbuda. The latter country just announced its intention to study whether geothermal resources are available in sufficient quantities on […]
Success for solar in electricity auctions in Latin America
November 5, 2016
October 20, 2016 The costs of solar power continue to drop in Latin American countries, with electricity being sold for as low as US$30 per MWh in some cases. Mexico awarded more than 3.6 GW of solar at auctions this year and in Chile, a new trend was confirmed. Renewable energy providers are winning contracts […]
El Salvador to help on development of 5 MW geothermal project in Bolivia
November 2, 2016
Bolivia and El Salvador have negotiated a partnership in renewable energy infrastructure. One aspect of the agreement is a 5 MW MW geothermal project in Bolivia, built by LaGeo of El Salvador. The construction of a thermoelectric plant in El Salvador will also be supported by the agreement. Minister of Hydrocarbons and Energy, Luis Alberto […]