Industry Analysis - New Energy Events

STOA Invests in Phase II of Wind Farm Expansion in the Dominican Republic

Grupo Energético 23 and STOA S.A. (STOA) partner on a deal for STOA to invest in the expansion of the Poseidón Energía Renovable, S.A. 100MW Los Guzmancito wind farm project in the Dominican Republic. The first phase, commissioned in 2019, consisted of 16 Vestas turbines. The new investment by STOA includes a USD 128 million […]
BVIEC Evaluates 19 Applications for Paraquita Bay Microgrid Project

The British Virgin Islands Electricity Corporation (BVIEC) received 19 applications from companies looking to pre-qualify for the proposal to develop a microgrid in Paraquita Bay. Submissions qualify the companies for consideration by the BVIEC to bid on future engineering, procurement, and construction services. The project will be funded with a USD 600 thousand grant provided […]
CEGA Uses FIC-R Award to Develop Low-Temperature Geothermal Energy Project

After being awarded the Innovation Fund for Regional Competitiveness (FIC-R), The Center of Excellence in Geothermal Energy of the Andes (CEGA) plans to expand its implementation of projects for the use of low-temperature geothermal energy. One of the projects they’re developing will use shallow geothermal energy and operate at one of the lowest costs in […]
CORFO Gives USD 10 Million to ENGIE SA for the Development of the First Green Ammonia Production Plant in Chile

Chile’s Economic Development Agency, CORFO, wants to speed up the development of the green hydrogen industry in the country with the co-financing support of Enel Green Power, Linde, ENGIE, Air-Liquide, GNL Quintero, and CAP. CORFO has approved six of the twelve green hydrogen production plant proposals, with the plan to have them operating by December […]
CARICOM Supplies Guyana Power and Light with Surplus of Solar Energy

CARICOM will produce solar-generated electricity soon after Guyana commissioned a 400-kilowatt solar photovoltaic power generation plant and battery power conditioning system on their compound in Liliendaal, Greater Georgetown. The Japanese government funded the USD 7 million project consisting of 1,500 solar panels, servers, batteries, a carport, and space for educational/recreational activities. CARICOM expects the facility […]
Matrix Renewables Closes Financing for 328-MW Solar Dispersed Generation Portfolio in Chile

Matrix Renewables, a Madrid-based renewable energy platform backed by the global alternative asset manager, TPG, closed a non-recourse, long-lasting financing agreement for 328 MW of solar-dispersed generation (DG) projects in Chile. Out of the 48 photovoltaic projects in Chile’s PMGD program (projects with a generation capacity surplus lower than or equal to 9,000 kW), the […]
MPC Energy Solutions Begins Development on El Salvador Solar Plants

MPC Energy Solutions (MPCES) closed the financial deal with a local lender, Banco Agricola, for the Santa Rosa & Villa Sol solar photovoltaic (PV) plants in El Salvador – with a combined capacity of 21.07 MWp. MPCES expects the plants to begin energy production towards the end of 2022 – generating around 43 GWh a […]
Ecopetrol Commits USD 50 Million in Projects to Decarbonize its Activity

The Colombian gas company, Ecopetrol, expects to commit USD 50 million in projects to decarbonize its activity, one of the most marked by the pollution it generates. Although continuing to maintain the same levels of oil extraction and extraction explorations does not fall into the framework of the energy transition strategy, their work in electricity […]
Top 10 Geothermal Countries Based on Installed Power Generation Capacity

ThinkGeoEnergy published a list of the top 10 geothermal countries in 2021 based on installed power generation capacity. Mexico is on the list at number six with no gain or loss of power generation capacity from the year before. Colombia is a geothermal-newcomer and helped contribute to the 2021 overall generation capacity of 15,854 MW […]