Industry Analysis - Page 131 of 135

Guyana shifts towards a low carbon transportation infrastructure to reduce the demand for imported fossil fuels
February 26, 2022
Guyana shifts towards a low carbon transportation infrastructure to reduce the demand for imported fossil fuels and plans to install fast-charging stations for electric vehicles in three regions beginning in 2022. Source: Caribbean Loop News
5 MW geothermal pilot plant in Bolivia will be in operation by April
February 26, 2022
Sacyr and Ormat Technologies announced that the 5 MW geothermal pilot project for the 100 MW Laguna Colorada geothermal plant in Bolivia will be in operation by April. The plant is 4970 meters above sea level, the highest altitude of any geothermal plant. Source: Think Geo Energy
Polaris Infrastructure secures USD 110 million debt refinancing
February 26, 2022
Polaris Infrastructure Inc. secured $110 million in a refinancing package which aligns with its newly extended PPA in Nicaragua to 2039. Source: Think Geo Energy
Dominica signs USD 12 million deal with Iceland Drilling Company for two new geothermal wells
February 26, 2022
Dominica signed a $12.5 million contract with the Iceland Drilling Company to drill two new geothermal wells in the country. The majority of funding comes from UK grants. Source: Think Geo Energy
Atlas Renewable Energy secures USD 76 million loan to construct solar plant in Brazil
February 26, 2022
Global renewable energy generator, Atlas Renewable Energy, secured a $76 million loan to construct the Lar do Sol – Casablanca II solar plant in Minas Gerais. The funding came from Brazil’s Northeastern Bank’s Northeastern Constitutional Financing Fund. The plant will have an installed capacity of 239 MWp. Source: Energy Digital
Colombia signs MOU with Port of Rotterdam to supply hydrogen
February 26, 2022
Colombia signed a memorandum with the Port of Rotterdam to supply hydrogen. The Port of Rotterdam also formed green hydrogen agreements with Chile and Brazil, making Colombia the third point of supply. Source: Power Engineering International
Barbados Prime Minister proposes Regional Renewable Energy Fund
February 26, 2022
The Prime Minister of Barbados, Mia Mottley, proposed the establishment of a regional renewable energy fund to finance the transition towards net zero. Mottley called for at least 10% of net revenues from new energy exporters in the Caribbean region. Source: Stabroek News
Rubis Acquires 51% of HDF’s Hydrogen Power and Storage Project in Barbados
February 16, 2022
Rubis has acquired 51% of HDF’s hydrogen power and storage project in Barbados. Producing baseload power for 16,000 Barbadians from solar and locally produced green hydrogen, the project is the largest hydrogen power and storage project under development in the Caribbean. Source: Market Screener
The Caribbean Community Climate Change Centre Wins Energy Globe Award
February 15, 2022
The Caribbean Community Climate Change Centre (CCCCC) won the Energy Globe Award at the end of 2021 for its work in transforming the water sector in Barbados. Source: Caribbean National Weekly