Market News - Page 38 of 340 - New Energy Events

DOE loan guarantee to finance Puerto Rico’s largest solar and battery storage project
August 1, 2024
The U.S. Department of Energy has announced an US$861 million loan guarantee to finance 200 MW of solar and 285 MW of grid storage in Puerto Rico. This initiative will support the construction of two solar farms and two stand-alone battery storage systems on the island’s southern coast. The project is led by Flexible Energy […]
Hurricane Beryl triggers record US$44 million payout to Grenada from regional catastrophe insurance fund
July 19, 2024
Hurricane Beryl’s recent impact on the Caribbean led to a record US$44 million payout to Grenada from the Caribbean Catastrophe Risk Insurance Facility (CCRIF). This payout includes US$42 million for cyclone insurance, US$1.1 million for fisheries insurance, and US$549,000 for excess rainfall. Source: Insurance Journal
Dominican Port Authority announces construction of Barahona Port
July 19, 2024
The Dominican Port Authority (Apordom) announced the construction of the Barahona port is underway. The port is funded by a US$2 billion public investment sourced from the entity’s revenues. Source: Dominican Today
Nassau Cruise Port plans US$35 million waterpark to enhance family-friendly amenities and attractions
July 19, 2024
The Nassau Cruise Port plans to build a US$35 million waterpark complex to offer more family-friendly amenities and differentiate itself from other port facilities in the Caribbean. Source: Travel Weekly
Construction of waterfront condo commences in Grand Cayman
July 19, 2024
Construction of a waterfront condo project, Catalina Bay, is now underway in Grand Cayman’s North Sound. Source: CaribJournal
Caribbean launches SIDS 2.0 initiative to transform small island developing states into digital states
July 19, 2024
The Caribbean is launching the SIDS 2.0 initiative to transform Small Island Developing States (SIDS) into Small Island Digital States. This project aims to accelerate digital integration and innovation by creating a collaborative framework. The initiative includes self-assessments, action plans, and prioritizing interventions. Source: UNDP
IDB Invest considers equity investment in Caribbean community resilience fund
July 19, 2024
IDB Invest is considering an equity investment of up to US$5 million in the Caribbean Community Resilience Fund (CCRF), managed by Sygnus Capital Ltd. The fund targets US$100 million to US$135 million and aims to enhance economic resilience and support climate projects in the Caribbean. Source: IDB Invest
St. Kitts and Nevis launches ‘SKN-100’ project for rapid energy sector decarbonisation
July 19, 2024
St. Kitts and Nevis (SKN) has launched the ‘SKN-100’ project, funded by the Global Environment Facility (GEF), aimed at achieving 100% renewable electricity and high energy efficiency in public buildings within three years. Managed by the United Nations Environment Programme (UNEP) and executed by the Caribbean Centre for Renewable Energy and Energy Efficiency (CCREEE) in […]
YPF Luz Announces 200 MW PV solar park in Argentina
July 19, 2024
YPF Luz is set to construct the El Quemado 1 photovoltaic solar park in Las Heras, Mendoza province in Argentina. This project will have an initial capacity of 200 MW. The estimated investment for the first stage is US$170 million. Source: PV Magazine LATAM