Investment

Investors’ neglect of small-scale renewables threatens universal energy access

Small-scale renewable energy projects are crucial to meeting the goal of universal access to electricity and clean cooking facilities by 2030, but too many investors are relying on utility scale projects because of the lower risk. Traditional climate financing is not working a decentralized projects are “just not bankable”, says Neha Rai, senior researcher at […]

Renewables investment falls after 2015 record

A downturn in renewables investment in 2016 may not be viewed negatively, according to Abraham Louw, associate for energy economics at Bloomberg New Energy Finance (BNEF). Investment declined in many regions including China, the Middle East, Africa, and much of the Americas, but record financing in 2015 may have led to a “hangover” in 2016. […]

Peru attractive market for renewable energy investments

Peru is pursuing renewable energy on a number of fronts – hydro power in the Andes, wind power in Ica, Piura and Lambayeque, solar in Tacna and Moquegu, and geothermal energy. Peru is currently 9th and 11th for hydro and geothermal power projects in in world, according to the latest Renewable Energy Country Attractiveness Index—RECAI by […]

US to provide funding for Caribbean and Central American renewables projects

Following the Caribbean Energy Summit held last week by Joe Biden, US Secretary of State John Kerry announced new funding for Caribbean and Central America renewable energy projects that bolster regional energy security. Secretary Kerry announced that, “USAID funding associated with the Caribbean and Central American renewable energy project is going to come online tomorrow, May […]

Bahamas Prime Minister Tells Foreign Investors ‘The Time Is Now’

In an address last week in London, Bahamas Prime Minister Perry Christine encouraged global investors to consider the Caribbean, saying that “the climate is indeed ripe for inward investment in the Caribbean.” He added that efforts in Barbados and across the region to implement reforms and promote investment have had the effect of “strengthening of compliance and […]

Barbados Renewable Projects Financed by CDB

Barbados renewable projects to receive a boost in funding. Between 2015 and 2018, Barbados will receive $224 million in financing from the Caribbean Development Bank (CDB), a sponsor of the 2015 Caribbean Renewable Energy Forum, for sustainable development projects. Outlined in the agreement between the CDB and the government of Barbados are strategic pillars that all […]

Enel Green Power to invest $5.1 billion in Latin America between 2015-19

Latin America’s renewable energy industry is about to receive a major boost. Enel Green Power (EGP) plans to invest 53% of its $8.8 billion dollar renewables budget into Latin America. While the majority of these projects will be solar and hydro powered, a portion of the funds will be used for the development of the […]

Renewables Investment in Cuba Expected to Hit $6 Billion in Upcoming Years

Renewables investment is set to skyrocket in Cuba. As the Caribbean’s largest supplier of renewable energy, the US is poised to work with Cuba to transition away from fossil fuels. Biofuel, biomass, hydroelectric, wind and solar are some of the green energies that Cuba will tap into over the next years. Energy-efficiency and energy-savings programs […]

IDB doubles climate, clean energy fund to US$100mn

Offering loans from $50,000 – $1 million as part of a clean energy fund to private firms for energy efficiency and self-supply renewable energy, and adaption investments, the Inter-American Development Bank will double its funding for climate and clean energy projects to $100 million.