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Industry Analysis

  • Barbados Prime Minister defends decision to explore for oil and gas

    March 17, 2022

    Barbados Prime Minister Mia Mottley defended the decision to explore for oil and gas along their maritime border with Trinidad and Tobago. According to Mottley, describing it as an issue of equity, fossil fuels have the potential to finance Barbados’s bid for net zero. Source: Argus Media

  • CAF approves two loans of USD 600 million to Colombia to support climate action measures

    March 15, 2022

    CAF authorizes two loans of $600 million to Colombia to support climate action measures. In addition, CAF approved external financing with a sovereign guarantee of up to $1.2 billion to finance investment initiatives that will fulfill the Sustainable Development Goals of Colombia. Source: World Today News

  • El Salvador will expand its installed geothermal power energy generation to 300 MW

    March 15, 2022

    El Salvador will expand its installed geothermal power energy generation from 204 MW to 300 MW with the construction of new plants in Chinameca, San Vicente and Volcán de Conchagua. Source: Think Geo Energy 

  • 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

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