Market News - Page 167 of 355 - New Energy Events

Jamaica targets IRP progress, aims to procure 320MW of renewables this year
August 17, 2021
The Caribbean’s leader in renewable energy, Jamaica, is looking to procure 320MW of renewables this year as part of plans to diversify its energy sector. Jamaica’s government is working towards an ambitious Integrated Resource Plan which has established how the island intends to procure power over the next 20 years. The initiative has set a […]
Infrastructure deal could significantly improve life in U.S. territories, Puerto Rico
August 17, 2021
On August 11, the Senate voted 69-30 for HR 3684—a landmark piece of bipartisan infrastructure legislation. Allotting $1.2 trillion to long-term infrastructure improvements, it represents a comprehensive national plan for revamping the United States’s transport, water, energy, housing, and internet systems. The promises created by the new infrastructure deal hold immense relevance for the US […]
Caricom countries set out COP26 outcomes
August 17, 2021
The executive director of the Belize-based Caribbean Community Climate Change Centre (CCCCC), Dr Colin Young, says the consequence for Caribbean countries will be “very dire” if the delegates to an international conference in Glasgow later this year fail to respond positively to the sixth report of the Intergovernmental Panel on Climate Change (IPCC). The IPCC’ […]
UN weather agency: millions affected by climate change and extreme weather in Latin America and Caribbean
August 17, 2021
Climate-related and geophysical events resulted in the loss of 312,000 lives and directly affected more than 277 million people in Latin America and the Caribbean, a new report released by the World Meteorological Organization (WMO) revealed on Tuesday. Source
The latest Haiti earthquake was more powerful than the devastating quake in 2010
August 17, 2021
The earthquake that struck Haiti on Saturday morning occurred on the same system of faults as the one that devastated the capital, Port-au-Prince, in January 2010. And the previous quake almost certainly made this one more likely to occur. Both quakes struck on an east-west fault line at the convergence of two tectonic plates, large segments of the […]
Development floating offshore hydrogen production plant South Korea
August 13, 2021
A South Korean consortium involving state research bodies and private companies has been launched to develop a floating offshore plant using wind power to produce hydrogen. The consortium aims to build a 1.0-megawatt pilot plant in 2022 before developing and demonstrating a gigawatt-class plant in 2030. The consortium led by Korea Maritime & Ocean University […]
For many, hydrogen is the fuel of the future. New research raises doubts.
August 13, 2021
Industry has been promoting hydrogen as a reliable, next-generation fuel to power cars, heat homes and generate electricity. But a new peer-reviewed study on the climate effects of hydrogen, the most abundant substance in the universe, casts doubt on its role in tackling the greenhouse gas emissions that are the driver of catastrophic global warming, as reported by […]
Caribbean must work towards renewable energy – Guyanese Minister Vickram Bharrat
August 13, 2021
Combating climate change and managing ecosystems for future generations has led to calls from Natural Resources Minister, Vickram Bharrat for the Caribbean to adopt renewable energy policies and other sustainable efforts. The Caribbean Academy of Sciences in collaboration with the University of Guyana’s 22nd biennial conference brings into focus the necessity of renewable energy and […]
Ormat wins contract for San Jacinto geothermal plant expansion
August 13, 2021
Polaris Infrastructure Inc. announced today that it has signed a definitive agreement with a wholly subsidiary of Ormat Technologies Inc. for the supply of a 10 MW (net) Binary Unit at its San Jacinto geothermal power plant in Nicaragua . The additional Binary Unit is in response to Polaris’ previously announced December 2020 extension of the Power Purchase Agreement […]