Industry News - Page 4 of 4 - New Energy Events

AME and ENEL bet on green hydrogen in Magallanes
October 9, 2020
Enel, AME, Siemens, Porsche y ENAP will partner in a plan to produce green hydrogen. The pilot plant will be powered by wind energy in the Magallanes Region, Patagonia, Chile. Source
PREPA Finalizes Contract with EcoEléctrica, Naturgy
June 25, 2020
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
June 25, 2020
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 […]
New Fortress short-listed by PREPA for temporary energy production
May 11, 2020
Liquified Natural Gas provider New Fortress Energy confirmed it’s been short-listed by the Puerto Rico Electric Power Authority (PREPA) for a temporary emergency generation RFP. Released in March, the RPF seeks to lease up to 500 MW of temporary generation capacity. This would help fill an energy gap following the Jan. 6 earthquake that shut […]
US sitting on billions in clean energy loans
May 4, 2020
The Trump administration is holding onto approximately US$43 billion in low-interest loans for clean energy projects, as Congress considers more financial relief in response to Covid-19. With a projected budget deficit nearing $4 trillion, the loans — previously authorized by Congress — could fund projects that stimulate a troubled economy. Eligible sectors include renewable power, […]
Mega Solar Project Still Moving in Puerto Rico
May 1, 2020
Covid-19 has not stalled the Caribbean’s largest solar project. Greenbriar Capital recently signed an agreement with China Machinery Engineering Corporation (CMEC) for design and construction of its massive Montalva solar project in Puerto Rico. Planned for the island’s southwest coast, Montalva would launch with 80 MW AC of photovoltaic and the capacity to expand up […]
US$500 million approved for AES Gener renewable projects
April 22, 2020
Shareholders of Chilean developer AES Gener approved the proposed raising of US$500 million for the installation of 1.6GW of solar and wind projects in Chile and Colombia. The total US$1.8 billion in funding will come from a combination of the US$500-million capital increase, cash and third-party partnerships. This includes US$335 million from top shareholder AES […]
COVID-19 will cause delays for wind energy projects across Latin America
April 8, 2020
While it may be too soon to have a clear picture on the level of disruption, the wind industry will face a supply chain disruption due to COVID-19. With wind component factories closing down in Spain, and the UK, major suppliers will face delays in distributing necessary parts to reach the anticipated 4.36 GW of […]