Industry Analysis - Page 56 of 132

Dominica and Ormat sign agreement for the development of a geothermal plant on the island
December 7, 2023
Dominica entered into an agreement with Ormat and its subsidiaries to develop a 10 MW geothermal plant on the island. Ormat is set to finance the construction, operation, and maintenance of the power plant and geothermal wells for 25 years, while the Dominica government retains ownership of invested wells, lands, and assets. Source: Radio Jamaica […]
JPS puts out tenders for three renewable energy plants totaling 300 MW
December 7, 2023
In an effort to add 300 MW of renewable energy to the national electricity grid, JPS put out tenders seeking engineering and construction proposals for three plants: a 115 MW solar PV plant; a 171.5 MW BESS, or battery energy storage system; and a 12 MW onshore wind plant – totalling 298.5 MW of new […]
HDF Energy plans to invest around US$2.5 billion into seven green hydrogen projects in Mexico
December 7, 2023
HDF Energy is planning to invest approximately US$2.5 billion in the development of seven green hydrogen projects in Mexico. The hydrogen produced will be utilized for electricity generation and supplied to specific industrial activities. Source: Reforma
Brazil and 38 other countries endorse Hydrogen Declaration of Intent
December 7, 2023
During the “High Level Roundtable on Hydrogen” event on December 5, a Hydrogen Declaration of Intent was announced, endorsed by 39 countries. The signatories committed to pursuing mutual recognition of hydrogen certification schemes at both political and technical levels, aiming for accelerated and harmonized development of technical standards. The initiative, originally part of the German […]
ANSA McAL Limited and Kenesjay Green Limited signa MOU at COP28 in Dubai to advance green energy production in the Caribbean
December 7, 2023
ANSA McAL Limited and Kenesjay Green Limited signed a Memorandum of Understanding (MOU) at COP28 in Dubai, which aims to expedite the development of new and commercially viable green energy projects in the Caribbean region. Source: Guardian
IDB Invest offers a US$368 million loan package to AES Dominicana Renewable Energy SA to develop renewable energy projects in the Dominican Republic
November 26, 2023
IDB Invest arranged a US$368m loan facility for AES Dominicana Renewable Energy SA to finance the development of new renewable energy projects in the Dominican Republic, and to refinance existing projects. According to IDB Invest, the transaction is the largest financing for renewable energy projects for a Caribbean economy. Source: Renewables Now
Grupo Verfrut Chile & Peru launches a 1.1-MWp floating solar farm in Chile
November 26, 2023
South American fruit processing company, Grupo Verfrut Chile & Peru inaugurated the largest floating solar farm in the Southern Cone with a capacity of 1.1-MWp. Source: Renewables Now
Solatio Energia plans green hydrogen project in Brazil
November 26, 2023
Solatio Energia is set to develop a green hydrogen project with a capacity of around 11 GW powered by solar energy in the Brazilian state of Piaui. The company plans to invest around US$20.5 billion into the solar park and green hydrogen projects over the next 5 years. Source: Renewables Now
As Dominican Republic explores green hydrogen, EN.IT unveils plans for 350 MW project
November 26, 2023
Italian company, EN.IT, has expressed interest in developing a 350 MW hydrogen project powered by wind and solar energy in La Romana. The DR administration is currently assessing the broader economic feasibility of green hydrogen for the country. Source: Renewables Now