Caribbean - Page 40 of 60 - New Energy Events

EU to provide US$105m to the Green Fund of Central America
July 11, 2018
The European Union and other international organisations have committed US$105m for the Green Fund for the Central American Economic Integration System (SICA). The objective of the fund is to help promote the development of renewables and resilience projects and programs in the region. SICA will use this investment to promote projects and public policies that […]
Solar + Hydrogen energy storage project to be built in French Guiana
June 29, 2018
Hydrogene De France (HDF) has announced an innovative large-scale energy storage project in French Guiana. The CEOG project will provide affordable, reliable and 100% renewable energy to more than 10,000 households in a region facing delivery issues. The project will be backed by a EUR 90 million investment from the company, investors, and leading banks. […]
Puerto Rico’s governor signs law for partial privatization of PREPA
June 21, 2018
On Wednesday this week, Puerto Rico Gov. Ricardo Rosselló signed a bill to partially privatize the utility Puerto Rico Electric Power Authority (PREPA). The law intends to sell power plants and make a concession of its transmission and distribution system, which could potentially impact the PREPA’s $8.9 billion in outstanding debt. Money from sales would […]
Saint Lucia’s hotel industry wants a piece of renewables boom, urges government to change the law
June 20, 2018
Saint Lucia is making headway towards its renewable energy goals with the approaching commissioning of the 3MW solar farm (which will meet 10% of the 35 percent by 2025 target), but another group could help the island with its goals. The Saint Lucia Hotel and Tourism Association has urged the government to allow hotels and […]
Puerto Rico on a path to build a more resilient, efficient and renewable energy sector
June 19, 2018
The island of Puerto Rico is looking into recommendations from a report, “Build Back Better: Reimagining and Strengthening the Power Grid of Puerto Rico”. The report recommends policy reforms in order to build a more resilient electric power system with the objective to be less dependent on fossil fuels imports and decrease operational costs. This […]
Solar and energy storage gets a boost in Puerto Rico
June 18, 2018
Following the influx of new solar and energy storage developers into Puerto Rico, a new trade group has formed to promote the technologies. The Solar and Energy Storage Association of Puerto Rico (SESA-PR) includes founding members such as Sonnen, Sunrun, Pura Energía, SRInergy, and Tabuchi. The group will dedicate efforts to promoting solar and storage […]
Why resiliency changes the investor view on the Caribbean energy sector
June 7, 2018
Guest Editorial written by Doug Hewson, Managing Partner, Portland Private Equity As we enter the 2018 hurricane season, we are beginning to understand how last year’s monumental storms have impacted private equity’s view on the Caribbean energy sector. It’s no secret that the regional energy sector has many issues: reliance on fossil fuels, sub-scale markets, and […]
St. Vincent geothermal project to commence drilling operations in 2019
June 6, 2018
After renegotiating the power purchase agreement, St. Vincent and the Grenadines has reset the clock for its geothermal project. The commercial operation date is now set for around June 2021, with drilling anticipated to commence in January 2019. “The issue, Mr. Speaker, why we have to push it further is because we took so long […]
Financing secured for 100 MW solar project in Puerto Rico
June 6, 2018
Puerto Rico’s 100 MW Montalva solar project – deemed critical by the U.S. Financing Management and Oversight Board in late April – is lining up a robust financing package. Canada’s Greenbriar Capital Corp has signed $265 million mandate agreement with Pegasus Renewable Energy and Sustainable Infrastructure Credit Advisors LP, a subsidiary of Pegasus Renewable Energy […]