Market News - Page 289 of 340 - New Energy Events

2016 brings $33M in AFD investment in Caribbean infrastructure
October 28, 2016
Earlier this year, the Caribbean Development Bank (CDB) and Agence Française de Developpement (AFD) signed an agreement under which the latter will provide $33 million of financing in sustainable infrastructure projects in the Caribbean region. The agreement, announced 23 August, was signed in July at CDB’s Barbados headquarters by the French Ambassador to the Organisation […]
WRB plans 30MW solar C&I programme
October 27, 2016
Florida-based WRB is planning to deploy 30MW of commercial and industrial rooftop solar across Jamaica beginning as early as 2017. The company is planning to implement a permanent programme aimed at installing 5MW to 3MW rooftop systems for C&I customers. The nascent initiative is in the planning stages and would seek to deploy systems reflecting […]
In 2016, Cuba sets ambitious renewables target
October 27, 2016
September, 2016 The Cuban government has outlined plans to vastly increase renewable power generation in the country in an attempt to reduce its dependence on energy imports. Earlier this year, these plans were outlined at IJGlobal and New Energy Events’ inaugural Cuba Energy & Infrastructure Summit in Havana. Now that trade embargoes imposed by the […]
Jamaican National Water Commission initiated solar tender
October 27, 2016
Earlier this year, the National Water Commission (NWC) of Jamaica initiated a procurement for delivery of solar PV systems from international bidders in order to reduce its dependency on fossil fuels. A pre-qualification round was initiated on 22 August, through which international private, public and government-owned entities were invited to apply. Government-owned entities were required, however, […]
Jamaica to relaunch Norman Manley International Airport PPP
October 27, 2016
The government of Jamaica is planning to relaunch the tender to seek a private sector partner for the long-term PPP concession project to redevelop the Norman Manley International Airport. The government plans to re-issue a fresh formal request for qualifications in December 2016, according to a statement released by the International Finance Corporation (IFC) on 25 October. The IFC […]
Dominica will develop geothermal project alone
October 27, 2016
Dominica’s prime minister announced the government plans “to go it alone with regards to this small plant”, referring to the geothermal project which has been years in the making. New Energy Events has tracked the progress of the Dominica project, which as of May 2016 was seeking a private partner with $50m from the World […]
Funding of up to $80m approved geothermal development in the Caribbean
October 16, 2016
The Eastern Caribbean will receive US$80 million in funding for geothermal development, part of a US$745 million project approved by the Board of the Green Climate Fund. The Inter-American Development Bank (IDB) is cooperating on the $80 million package for the Sustainable Energy Facility of the Eastern Caribbean. The overall project aims to help countries […]
Barbados sets goal for 29% RE by 2029
October 15, 2016
Barbados has plans to end “business as usual” scenarios in the energy sector by 2030. New targets have been set to reduce greenhouse gas emissions by 44 per cent through the generation of power from renewable energy, and reduction in electricity consumption by 2030 – 65 per cent and 22 per cent respectively. Prime Minister […]
Caribbean: Green Climate Fund approves USD 80 million to develop 60 MW geothermal energy in eastern Caribbean
October 10, 2016
Geothermal energy presents a growing opportunity for the Eastern Caribbean to reduce its dependence on fossil fuel imports. Decreases in world oil prices have not been reflected in regional electricity prices in the Caribbean, which remain high at US$0.39 per kWh (2013 price). The Green Climate Fund (GCF) has thus approved US$745 million as part […]