Market News - Page 231 of 342 - New Energy Events

Green fund launch to promote investments for a resilient Caribbean
August 14, 2018
The CEO of Virgin, Richard Branson, and two dozen Caribbean nations have launched a multi-million-dollar initiative to help turn the hurricane-vulnerable region into a green tech hub resistant to disasters. The initiative – which is backed with an initial US$ 4m investment – will push to replace fossil fuel-dependent utilities with low-carbon renewable energy sources, […]
New solar plant in St. Lucia will support economic development
August 14, 2018
Invest Saint Lucia, the island’s investment promotion agency, was pleased to see the inauguration of St. Lucia Electricity Services Limited (LUCELEC) 3-MW solar farm in La Tourney. This solar park is the first utility-scale renewable energy project operated by LUCELEC. The solar park has 15,000 solar panels and is expected to generate approximately 7 million […]
Caribbean shifts attention to aviation sector
August 7, 2018
The Caribbean Development Bank (CDB) president, Dr. Warren Smith, is calling for a reform in the aviation industry in the region. The reform, he stated, should aim to improve the connectivity to be convenient, flexible and reasonably priced. The reform will demand a significant change in policies and actions by regional governments to reduce taxes […]
Research Station in Costa Rica the first to become 100% renewable
August 7, 2018
The Research Biological Station, La Selva, located in Costa Rica, is set the become the first research station in Latin America to operate on 100 percent solar energy. Enertiva, a local solar company, will expand the station capacity from 184 to 310 solar panels. Energy consumption represents 25% of the station’s operating costs, so this […]
Taiwan to assist in building Haiti’s electricity grid
August 7, 2018
Taiwan will help Haiti build an electricity grid in Port-au-Prince. The project will strengthen its infrastructure development and secure diplomatic ties between the two nations. The project seeks to upgrade: (1) the existing electrical substations, (2) the electricity distribution networks and (3) the transmission towers. It also seeks to train local people on maintenance of […]
China’s Belt and Road Initiative could boost Caribbean infrastructure projects
August 7, 2018
Recently, China’s Belt and Road initiative – often described as a 21st century silk road – has made its entry into Latin America and the Caribbean. During the second China-CELAC ministerial forum, the two entities signed a special declaration on the belt and road, which led to four LAC countries signing Belt and Road Cooperation […]
LUCELEC welcomes hotel-generated renewables, decision lies with regulator
August 7, 2018
St. Lucia Electricity Services Limited (LUCELEC) and the St. Lucia Hotel and Tourism Association (SLHTA) are in agreement that hotels on the island could generate up to 20% of their electricity needs from their own renewable energy systems. Removing the current 25kW generating cap for systems could help the island in its transition to renewable […]
IDB $20m credit line for El Salvador will ease financing for sustainable energy
August 7, 2018
The Inter-American Development Bank (IDB) is set to loan US$ 20m to El Salvador to enable investment in renewables and energy efficiency for small and medium enterprises (SMEs). The loan program will be complemented by a non-reimbursable technical cooperation of US $ 1.7 million aimed at developing energy savings measurements and financial risk transfer instruments […]
IRENA wants a clean energy corridor in Central America
August 3, 2018
The International Renewable Agency (IRENA) is promoting the creation of a clean energy corridor (CECCA) in Central America, which could promote cross-border trade of renewable energy in the region and could potentially increase the use and infrastructure of clean resources. To properly execute this, IRENA has been focusing its research on addressing issues related to […]