Latin America - Page 18 of 35 - New Energy Events

Honduras receives technical assistance from OLADE for solar project
September 20, 2018
The Latin-American Energy Organization (OLADE) will provide technical assistance to Honduras to support its energy sector and infrastructure. OLADE’s Executive Secretary, Alfonso Blanco, announced that the official meeting to further the institution’s relationship with Honduras was successful, a sentiment echoed by the Honduran Secretary of Energy, Roberto Ordoñez, and Ambassador María del Carmen Nasser. Honduras […]
Nicaragua’s electrification rates doubled in a decade
September 12, 2018
The Nicaraguan Ministry of Energy and Mines announced their electrification project reached 95% of national coverage. This project is part of the government’s strategy of restoring citizens’ rights by providing essential access to power and electricity. Before 2007, only 50% of households had an energy supply. According to official figures, 64.4% of electricity is from […]
EU companies are key investors in LAC energy sector, report finds
September 11, 2018
Between 2005 and 2017, EU-based companies accounted for 39% of the value of new projects in Latin America and the Caribbean. North American companies took second place (32%), followed by investments from companies in Asia (16%), specifically in China and Japan, according to recent numbers from the Economic Commission for Latin America and the Caribbean […]
USD 15.5 million financing for Guatemalan solar company
September 11, 2018
The Netherlands Development Finance Company (FMO), the Dutch development bank, has recently announced its debt financing plan for Kingo, a pay-as-you-go solar power provider in Guatemala. With the seven-year local currency loan totalling $15.5million dollars, Kingo will buy and install solar panels and ensure the general growth of the company to serve its current 300,000 […]
Geothermal makes advances in Guatemala, Chile, Mexico
September 11, 2018
In Guatemala, Bluestone Resources INC., which recently acquired the Cerro Blanco Gold and Mita Geothermal Project, reports that flow testing of the geothermal wells is currently underway. To date, the Mita site has 19 drilled wells, with investment totalling USD 60 million. Bluestone envisions a staged approach, where phase 1 would include power produced for […]
Ecuador’s geothermal sector poised for growth
August 20, 2018
The General Manager of the Ecuadorian Electric Corporation (CELEC EP) along with Japanese Parliamentarians, recently reviewed the advances at the Chachimbiro Geothermal Project, located in the province of Imaburura. This geothermal project is Ecuador’s first, and results thus far are encouraging. Drilling has reached a depth of 2,000 meters and the downhole temperature is […]
Private sector playing big role in Central American Renewable Market
August 1, 2018
The number of renewables projects in Central America has been growing and attracting international investments, which have helped promote the development of innovative and clean projects. Today, in most countries of the region, private investments have surpassed public investment, which aim to promote decentralized projects throughout the country. The region produces 54.4% of their total […]
Honduras using solar energy to provide energy to rural communities
August 1, 2018
The government of Honduras has been investing in renewables projects which now represent 61% of the total energy supply of the country. The expansion in the renewable industry has also allowed for policies which help bring electricity to rural communities in the country. Specifically, the Minster of Community Development, Mario Pineda, explained how this boom […]
EU companies lead investments in Latin America renewables
August 1, 2018
Companies from the European Union are leading the investments for renewable energy projects in Latin America. From 2005 to 2017 the investments towards the industry grew from 3% to 18%, representing two-thirds of the total companies involved in the sector, more for the industries of solar and wind energy projects. This has been particularly important […]