Energy

US$1 trillion energy investment coming to LAC

November 22, 2019

Latin America and the Caribbean could see a US$1 trillion windfall in energy and infrastructure investments over the next five years, according to a senior U.S. Treasury Department official. It is expected that a portion of that funding may flow through the América Crece program, launched in 2018 to address myriad barriers to infrastructure development […]

Puerto Rico issues RFQ for new generation facility

November 15, 2019

Puerto Rico is seeking a P3 partner to develop a generation facility in its northern region. The Puerto Rico Public-Private Partnerships Authority (PRPPA) and the Puerto Rico Electric Power Authority (PREPA) issued an RFQ seeking a private partner to develop, finance, construct, and operate the facility. It would be located adjacent to the existing Palo […]

Projects In Cuba Face Uphill Struggle For Funding

November 20, 2016

Despite high hopes for business development in Cuba, two major factors inhibit European banks from lending to the fledgling economy. The threat of sanctions from the U.S and Cuba’s “rock-bottom” debt rating give bankers in France, the UK, Germany and Switzerland pause, thus stalling big and small projects alike. The sanctions problem originates with a […]

Colombia a leader in meeting (some) 2030 UN Development Goals

November 1, 2016

Colombia has taken many of the goals set by the UN 2030 agenda quite seriously, playing a key role in the formulation of priority setting of goals. The Latin American country is leading the region in reduction of violent deaths and poverty, but targets related to clean energy and reducing violence against women have yet […]

Mexico selects 23 bidders for $4 billion renewable energy projects auction

October 5, 2016

Mexico has selected 23 bidders for contracts to build 36 new clean energy power plants including wind and solar capacity. The US $4 billion project will support PV solar, wind and other clean energy projects, awarding 8,909 GWh of capacity to the selected firms. Mexico’s National Energy Control Center (CENACE) has stated that the total […]

Nicaragua Textile Manufacturers Suffer From Expensive Energy

October 3, 2016

Textile sector growth in Nicaragua is limited by the cost of high electricity, according to the Nicaraguan Association of the Textile and Apparel Industry (Anitec). Excessively high rates discourage foreign investors who could enable the entry of textile companies and spinning mills into the country’s market. Electricity rates are currently so limiting that it makes […]

Energy Department Awards More Than $20 Million for Wave and Tidal Energy Projects

September 15, 2016

The US Energy Department has awarded more than $20 million in funding for projects related to Marine and Hydrokinetic (MHK) energy systems. The DOE has decided to support the projects of ten partners throughout the States. The projects is to improve the performance of MHK systems and advance and environmental monitoring technologies. Harnessing wave power […]

Jamaica’s Hon. Andrew Wheatley, Minister of Energy, Confirms for Ministerial Session at CREF ‘16

September 12, 2016

Jamaica’s incoming Minister responsible for energy policy, Dr. the Honorable Andrew Wheatley has confirmed his participation in CREF 2016 and as a speaker on the Ministerial Roundtable discussion on October 18th. Jamaica is a market in transition: renewables are increasingly front and center, as is natural gas. Minister Wheatley joins a blue ribbon session at […]

Brazil Cancels A-3 Energy Auction

September 5, 2016

Lack of demand is the reason for Brazil’s Ministry of Mines and Energy canceling this years A-3 energy auction. The tender was supposed to contract new energy projects to start power supply on January 1, 2019. Two more auctions are scheduled for 2016 for hydropower, solar and wind power. Read the full story here.