Market News - Page 246 of 342 - New Energy Events

Progress continues for the Bahamian all-renewable island
March 28, 2018
Ragged Island, destroyed by Hurricane Irma, will rebuild its electric grid using solar PV and battery storage estimated to cost $2m. The techno-economic system modelling has been completed by Rocky Mountain Institute and though a timeline has not yet been set, Prime Minister Dr Hubert Minnis advised that the project will achieve system payback in […]
Japan donates 60 electric vehicles to Costa Rica
March 28, 2018
The Government of Japan delivered 60 electric and hybrid vehicles, including Toyota’s and Mitsubishi’s to the Government of Costa Rica promoting the economic and social development of Costa Rica and support efforts to reduce the national impact of global warming. The initiative is part of the Overseas Development Agreement between the two governments, through which […]
Lawmakers press FEMA on Puerto Rico restoration
March 27, 2018
Last week, Congress questioned FEMA over the delay in restoration to the remaining 100,000 Puerto Rico residents who have been without power for six months. “I just want you to imagine your own hometown here in the mainland without electricity for two months — three, four, six months without power, with also failing communications with the only […]
Nevis geothermal resource ranks in top six reservoirs in the world
March 27, 2018
Nevis’ geothermal resource is being characterized as one of the top six geothermal reservoirs in the world. Thermal Energy Partner’s Big-Data Analytics approach (that determined Nevis as a commercial-grade resource) was confirmed by GeothermEx’s team during a recently completed geothermal flow and injection test. GeothermEx says its findings confirm the requisite temperature and flow necessary for a sustainable supply of geothermal […]
CDB loan will fund Dominica’s electricity restoration and resilience planning
March 27, 2018
The Caribbean Development Bank will provide USD16 million in funding to Dominica Electricity Services Limited (DOMLEC), to assist with the restoration of electricity generation services. As of January 2018, less than 20 percent of electricity services had been restored from devastating Hurricane Maria that wiped out 75 percent of the islands electricity. The project will […]
Full steam ahead at Nevis geothermal reservoir
March 20, 2018
High temperatures and adequate steam from Nevis’ geothermal reservoir has project developers elated, with testing completed and production well drilling expected to commence this summer. On March 16, 2018, Robert Stacy, Senior Reservoir Engineer at GeothermEX shared that the resource is promising. “[There are] high temperatures down at resource at commercial grades to produce power,” […]
St. Lucia geothermal project in public consultation phase
March 19, 2018
St. Lucia’s geothermal project is engaging stakeholders as they prepare for exploratory drilling; important, as past geothermal activities left a bad impression for St. Lucians. Last week the government held a public consultation bringing together stakeholders including private consultants and the World Bank to discuss the project and plans for future exploration. Project leaders brought […]
Puerto Rico’s governor won’t commit to electricity price at 15 cents/kWh
March 15, 2018
Gov. Ricardo Rosselló did not commit Friday to bring the price of electricity to 15 cents per kilowatt-hour (kWh) as requested by Puerto Rico’s industrial and manufacturing sector, also insisting that the regulator must be a key component in efforts to control the electricity price. Rosselló also said the Puerto Rico Electric Power Authority (PREPA) […]
Tech companies flock to Puerto Rico to create “city of the future”
March 15, 2018
Puerto Rico is working with companies including Tesla, AT&T and others in the blockchain space to tackle the unprecedented infrastructure overhaul needed post-Hurricane Maria. Companies such as Google, Tesla and Virgin Atlantic are involved in discussions to revitalize locations like airports and others across Puerto Rico. Omar Marrero, Executive Director of the Puerto Rico Public-Private […]