Market News

Solar-led renewable energy system could free up 10% of Antigua and Barbuda’s GDP

March 24, 2021

A mix of solar and wind power can help Antigua and Barbuda to an almost-90% renewable energy system, and green hydrogen could then show the path to hitting the national ambition of 100% green power by 2030, and net zero by 2050. Source

MPC Caribbean Clean Energy assessing impact on tariff reduction at its Costa Rican associated company, Tila Wind

March 24, 2021

Jamaica and Trinidad cross listed company MPC Caribbean Clean Energy Limited is now assessing the commercial impact of the Costa Rican light and power company reducing the tariff on energy produced by its associated renewable energy company in that country, Tila Wind Corporatión S A, which trades under the name Tilawind. Source

Enegix Energy to build $5.4 billion green hydrogen facility in Brazil

March 24, 2021

Enegix Energy announces the world’s largest green hydrogen plant to be built in Ceará, Brazil, after signing MoU with the state government. Base One facility will produce more than 600 million kg of green hydrogen annually from 3.4GW of baseload renewable energy. Source

Can we revitalize Caribbean economies through investment in infrastructure?

From our Editorial Team

March 17, 2021

The arrival of COVID-19 on Caribbean shores threatened to unleash a double-digit recession in a region dependent on air, sea and land transport to connect and grow its economies. After all, the travel and tourism sector contributed nearly US$59 billion to the Caribbean’s gross domestic product in 2019. Over the course of a recent discussion […]

Ministry of Energy in Chile and Port of Rotterdam Authority sign MOU on green hydrogen

March 17, 2021

Minister Juan Carlos Jobet, of the Ministry of Energy of Chile, together with Allard Castelein, CEO of Europe’s largest port, signed a Memorandum of Understanding (MOU) on green hydrogen via videoconference. This is the first agreement on hydrogen as a fuel and feedstock signed by the Ministry of Energy with a European port. The agreement […]

RFP for new natural gas-fired generation in the Dominican Republic

March 15, 2021

The Dominican government just launched today the RFP for new natural gas-fired generation, through the three state-owned energy distribution companies, EDENORTE, EDEESTE Y EDESUR, as off-takers, in coordination with the Ministry of Energy and Mines. Under the supervision of the Superintendence of Electricity, the entities are calling for bids for the purchase of energy through […]

USTDA, Caribbean nations partner on energy procurement

March 13, 2021

The U.S. Trade and Development Agency launched the Caribbean Regional Energy Procurement Assistance Program  to support the development of high-quality energy infrastructure in eight Caribbean countries; Belize, Dominica, Grenada, Guyana, Jamaica, St. Lucia, St. Vincent and the Grenadines, and Suriname. The Program will deliver targeted procurement training to officials who manage energy sector investments in these […]

AES Gener plans large green hydrogen-based ammonia plant in Chile

March 12, 2021

Latin American electricity producer AES Gener, a majority-owned unit of The AES Corporation will be studying the feasibility of building the first large green hydrogen-based ammonia plant in Chile. The US parent company announced this last week, saying that the project could require over 800 MW of new renewable energy supply. Source

Trinidad and Tobago Prime Minister opens NiQuan Energy’s GTL plant

March 12, 2021

NiQuan Energy’s gas to liquids (GTL) plant at Pointe-à-Pierre has been opened by the Prime Minister of Trinidad and Tobago, Dr Keith Rowley. The plant has a nameplate capacity of 2400 bbl/d and produces high performance, low emissions energy products, GTL paraffin diesel and GTL naphtha, from natural gas. Source