Industry Analysis - Page 130 of 135

CAF announces shareholder approval for a capital increase of USD 7 billion
March 15, 2022
CAF Development Bank of Latin America announced the approval by shareholders for a capital increase of $7 billion, which will double the organization’s portfolio. The shareholders also approved the incorporation of the Dominican Republic and El Salvador as full members. Source: CAF
Engie and Posco sign agreement to explore green hydrogen development opportunities
March 15, 2022
Engie, the global low-carbon energy company, and Posco, the South Korean steel manufacturer, signed an agreement to explore the joint development opportunities for green hydrogen and related infrastructure in the Middle East, Australia, and Latin America. Source: Trade Arabia
H2 Peru and Peruvian Ministry of Energy and Mining sign agreement to promote green hydrogen
March 8, 2022
The Peruvian Ministry of Energy and Mining and domestic hydrogen association, H2 Peru, signed an agreement to promote green hydrogen. The objective is to create a national green hydrogen strategy for Peru. Source: Renewables Now
OfReg and CUC prepare for auction of renewable power projects in Cayman
March 8, 2022
Utility regulator, OfReg, is about to begin a series of auctions for renewable power projects. Caribbean Utilities Company (CUC), the national utility, plans to be heavily involved in the bidding and hopes to build as many as six solar farms on the island to cut carbon emissions and the cost of electricity. Cayman’s national target […]
Isagén raises USD 94 million from bond placement for non-conventional renewable energy expansion
March 8, 2022
Isagén, the Colombian power company successfully raised US $94 million through a placement of ordinary bonds. The funds will be deployed for hydropower and non-conventional renewable energy expansion. Source: BN Americas
Bermuda introduces 30 electric buses to the island
March 2, 2022
Bermuda received 30 new electric buses along with the installation of an Electric Bus Charging Facility at the Department of Public Transportation’s Fort Langton, Devonshire Facility. There will be temporary charging stations in place throughout the island as the country shifts towards an electric charging infrastructure. Source: Bernews
Barbados adds 14 electric buses to their fleet
February 26, 2022
The Barbados Transport Board received 14 additional electric buses, bringing the total to 49. The new additions comprise part of the initial $42 million deployed to procure electric buses and build out associated infrastructure. Barbados has the largest fleet of electric buses in the Caribbean. Source: Nation News
Suriname cancels construction of hydrogen power plant by Hybrid Power System Group
February 26, 2022
The Suriname Government decided to cancel its agreement with Danish company Hybrid Power System Group (HPSG) to build a hydrogen power plant. The decision comes after reports of the company’s unfamiliarity with hydrogen production. Source: Trinidad Express
Kadelco to install USD 3.3 billion green hydrogen plant in Costa Rica
February 26, 2022
Australian conglomerate, Kadelco, will install a green hydrogen plant in Costa Rica, generating 50,000 tons of green hydrogen per year. The total investment for the project is $3.3 billion. Source: La Nacion (ES)