Market News - Page 158 of 339 - New Energy Events

MPC Caribbean Clean Energy buys 33.4MW solar park in Dominican Republic
June 6, 2021
The purchase, which was made on Tuesday, June 1, is expected to be completed by the third quarter of 2021. This is the second solar plant that MPC Caribbean Clean Energy has purchased since the start of the year. Earlier this year, the renewable energy company, which is cross-listed on the Jamaican and Trinidad and […]
Geothermal energy still on the agenda in Grenada, Caribbean
June 6, 2021
In the context of the Caribbean, the news have centered around the French territory of Guadeloupe with currently the only geothermal plant in the region, Dominica, the island of Nevis, UK territory of Montserrat, and St. Vincent and the Grenadines. But there clearly has been a wider interest in the Caribbean. The Caribbean country of […]
Private company takes over Puerto Rico power utility service
June 2, 2021
Luma Energy, a private company, has taken over Puerto Rico’s power authority. The takeover under a 15-year contract coincided with the beginning of the Atlantic hurricane season, with many across Puerto Rico worried about the transition and whether the new company can handle a severe storm. The U.S. territory is still struggling to recover from […]
President Biden President’s DOE budget emphasizes investment in new technologies and hydrogen
June 2, 2021
The Biden-Harris Administration Department of Energy’s (DOE) Budget makes historic investments that will help lay the foundation to build a clean energy economy and ensure the U.S. reaches net-zero carbon emissions by 2050. As part of it, the administration earmarked funding for research that advances carbon-neutral fuels such as hydrogen, new grid modernization technologies, and […]
CIFI and Banverde close $57M credit for a rooftop solar facility in Mexico; increases capital raise to $76M
May 26, 2021
The investment round was led by Corporacion Financiera para el Financiamiento de Infraestructura (CIFI), with capital contributions from co-sponsors WRB Serra Partners and Banverde Activos, leading to a total deployment capacity of US$76 million in the next 3 years. As a result of the financing, Banverde estimates the installation of 80 MW in rooftop solar […]
State of Charge Report: Energy Storage in Latin America and the Caribbean
May 26, 2021
Energy storage is a class of technologies that is diverse, complex, and rapidly evolving. Policymakers in Latin America and the Caribbean (LAC) will need to acquire a strong grasp of the technical characteristics and benefits of these technologies, the services they can provide, and the most relevant regional and power market applications for each technology, […]
Energy transition discussions evolve in Central America and the Caribbean around hydrogen
May 25, 2021
Representatives from the LAC region gathered in California to discuss the challenges surrounding energy evolution, such as the need for battery storage and the hype for hydrogen from gas or renewables. Salvador Handal, executive secretary of the state-owned but autonomous National Energy Commission of El Salvador reiterated there’s a growing role for hydrogen across the region saying […]
Leclanché to provide advanced battery technology for Canadian Pacific’s hydrogen-powered locomotive project
May 25, 2021
Leclanche announced it will provide its proprietary battery technology to Canadian Pacific for its innovative Hydrogen Locomotive Program. The breakthrough project is an entry into the freight-rail market that includes more than 45,000 diesel locomotives in North America and G5 European countries.The CP hydrogen-powered locomotive pioneering project, first announced in December 2020, will retrofit a line-haul […]
Devastating natural disasters show the need for resilient, sustainable and inclusive infrastructure
May 21, 2021
The eruptions on St Vincent are only the latest example of the damage such events can inflict on infrastructure that is not built to be resilient. Infrastructure is key to climate mitigation and adaptation efforts across the world. For states like St Vincent, as the La Soufrière eruptions have shown, infrastructure will define the battle […]