CAMRIS Market News - Page 2 of 7

El Salvador invites bids for expanded, 170-MW renewables tender
June 19, 2016
El Salvador’s power distributor, Delsur, has invited local and international parties to participate in the second tender for renewable energy contracts. In this round, the utility has increased the maximum capacity targeted from 150 MW to 170 MW. All contracts awarded will carry a term of 20 years. Those must complete an inscription between June […]
US to provide funding for Caribbean and Central American renewables projects
May 11, 2016
Following the Caribbean Energy Summit held last week by Joe Biden, US Secretary of State John Kerry announced new funding for Caribbean and Central America renewable energy projects that bolster regional energy security. Secretary Kerry announced that, “USAID funding associated with the Caribbean and Central American renewable energy project is going to come online tomorrow, May […]
El Niño puts Colombia on the edge of an energy crisis
March 19, 2016
This year’s El Niño have put Colombia at the edge of an energy crisis. Damage to one of the country’s largest hydroelectric dams and unseasonable droughts, which provides nearly 10% of Colombia’s energy, increased the gravity of the crisis. Colombia’s Mining and Energy Ministry proposed a bill to provide financial incentives for each kw of […]
Central America makes uneven progress in clean energy
March 1, 2016
Despite a decrease in dependence on fossil fuels and an increase in access to electric power in Central America, progress in the region varies dramatically from country to country. Diego Fernández, researcher at the State of the Region Programme (PER) of the Consejo Nacional de Rectores (CONARE). says that between 2000 and 2013, average electrification rates […]
Clean-energy acquisitions in Latin American triple
February 29, 2016
According to PricewaterhouseCoopers (PwC), clean-energy acquisitions in Latin America nearly tripled last year. $7.6 billion in renewable energy deals were signed in the region in 2015, which is up for $2.7 billion from 2014. Arthur Ramos, partner at PwC said, “Multinationals are taking stronger positions in Latin America where there is a perspective of lack […]
100 MW of Solar in Bolivia
February 15, 2016
Bolivia’s Ministry of Hydrocarbons and Energy reports that it will develop a new solar array. The first phase of the project will produce 50 MW of electricity per year. An additional 50 MW will be added at a later date. The project, which is financed by the Agence Francaise de Developpement, will cost $95.7 USD.
Mexico to spend $46 billion on wind energy in next 25 years
October 22, 2015
Mexico plans to quadruple its wind power capacity from 2.5GW in 2014 to 10GW in 2018, and to add a further 22GW of wind energy by 2040 in a $46bn push toward a low-carbon economy. As the world’s 10th largest contributor of global emissions, Mexico relies on fossil fuels for 75% of its electricity. This […]
Enel commissions 400MW hydropower plant in Colombia
October 15, 2015
Emgesa, a subsidy of Enel, has commission a 400 MW hydropower plant in Colombia. Once the completed, the $1.2 billion plant, which will generate 2.2 TWh per year, will meet 4% of Colombia’s electric needs. According to Enel CEO, Francesco Starace, the plant, “has already recorded a number of firsts. It is the most impressive […]
Waste-to-energy in Nicaragua – Plans to Build Plant in Managua
October 12, 2015
Managua’s city council approved a thirty-year operating permit to W2E Eco Energy Investment Nicaragua for a waste-to-energy plant. According to mayor Daysi Torres, the company plans to invest $17 million in the plant, which will be located at the La Chureca landfill and will transform plastic bags into synthetic fuel. The plant will have the […]