Industry Analysis - Page 2 of 162

PREPA Finalizes Contract with EcoEléctrica, Naturgy

José Ortiz, Executive Director of the Puerto Rico Electric Power Authority (PREPA) announced Monday the signing of its 12-year contract with EcoEléctrica and natural gas supplier Naturgy, with a reported $1.3 billion in savings for the corporation. Highlights of the new contract: Reduces the fixed payment for the energy produced by EcoEléctrica by ~$100 million […]
Puerto Rico Awards T&D Concession

The Puerto Rico Electric Power Authority has reached an agreement for private management of its transmission and distribution system. The Financial Oversight and Management Board (FOMB) and other government entities approved the deal to hire a U.S.-Canadian consortium for operations. Known as LUMA Energy, the consortium is a joint venture between Quanta Services and Canadian […]
Guadeloupe launches three tenders for geothermal energy

The French Environment and Energy Management Agency (ADEME) has launched three tenders on regional geothermal development in Guadeloupe, Caribbean with a planned Caribbean Geothermal Centre of Excellence. Operational implementation of the Caribbean Centre of Excellence in Geothermal, based in Guadeloupe Study of the content and how to implement the training programme provided through the Caribbean […]
Record lows in Bermuda’s power consumption due to solar, storage and energy efficiency

Since peak energy was reached in 2009, residential consumption has fallen by 14 per cent and commercial usage has dropped by 20 per cent, and today Bermuda’s power consumption has dropped to its lowest level in 20 years The reduction meant that Belco’s annual output of energy has dipped below 600 million kilowatt hours for […]
IDB Invest to prioritize delivery of renewables with green transmission line certifications

IDB Invest, the private sector arm of the Inter-American Development Bank (IDB), will be issuing the first certifications of green transmission lines (GTLs) in the world, the bank said on Friday. Certification can be given to projects in their initial stages as well as transmission lines currently in operation. They have to be transporting renewable […]
Colombia eases renewable energy development with addition of private service ports

In a move set to ease restrictions for the movement of imported renewable energy equipment, the Colombian energy ministry announced that private service ports will be allowed to receive and handle imported equipment destined for renewable energy projects in the country. Private ports have been given the special green light through a resolution by the […]
Jamaican airport installing 1 MW solar rooftop

One of Jamaica’s largest airports is building a 1 MW solar plant, with plans to increase to 3 MW. MBJ Airports Limited, which manages Sangster International Airport, SIA, expects to reduce its electricity bill by 11 percent through a US$1.2 million solar energy project. MBJ Airports said the 1 MW solar plant would be installed […]
Barbados to launch biofuels program

Demonstrating its commitment to investing in the Blue Economy, Barbados has announced the launch of a biofuel drive, to come on stream this year. Barbados National Oil Company Limited (BNOCL) Renewable Energy Officer and Advisor to the Minister of the Blue Economy, Mark Hill, made the announcement at a display of the Aquamarine harvester, recently […]
Jamaica building islandwide EV charging network

Emanuel DaRosa, the outgoing president and CEO of Jamaica Public Service, JPS, will leave as the company starts setting up an islandwide electric vehicle-charging station network. “This year, you will be able to travel all across the island and never be more than 40 kilometres from a charging station. EVs will transform our lives as […]