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Market News

  • IRAC 2020

    2020 Island Resilience Action Challenge: Uniting to define resilience in the face of climate and health threats

    January 20, 2021

    By: Kimberly Lewis, Lead Fellow, Advanced Energy Group At the tail end of a notably unprecedented and challenging year, Advanced Energy Group (AEG) and New Energy Events (NEE) virtually hosted the Island Resilience Challenge (IRAC). IRAC is a one-of-a-kind annual workshop focused on identifying key barriers to grid resiliency in the Caribbean and determining actionable […]

  • Puerto Rico awaits first procurements to add 3.75 GW solar, 1.5 GW storage

    January 20, 2021

    The Puerto Rico Energy Bureau ordered the utility PREPA to issue six procurements in the next 30 months, totaling 3.75 GW of solar and 1.5 GW of four-hour storage, or their equivalents.   Source

  • Barbados

    France’s island territories get solar-plus-storage at average price below €100/MWh in latest auction

    January 14, 2021

    The cost of solar energy paired with battery storage on France’s island territories has fallen yet again, as the European country awarded contracts to winning bidders in its latest tender process.   Source

  • New Fortress Energy to acquire Hygo Energy Transition Ltd. and Golar LNG Partners LP in a $5 Billion transaction

    January 13, 2021

    New Fortress Energy announced that it has entered into definitive agreements to acquire Hygo Energy Transition Ltd. in Brazil for a combined $5 billion. NFE will become the leading gas-to-power company in Brazil, adding 2700MW of power generation operational or in development and robust customer pipeline in the South American country’s rapidly growing natural gas and […]

  • Grenergy to receive financing for 14 solar plants in Chile

    January 13, 2021

    Grenergy, the Spanish company producing energy from renewable sources and specialized in the development, construction and operation of photovoltaic and wind projects, has closed with Natixis on financing of 14 new solar plants in Chile for €70 million (around $85 million). Source 

  • InterEnergy acquires 34-MW wind farm plus pipeline in Dominican Republic

    January 12, 2021

    Energy solutions provider InterEnergy Group announced the acquisition of the 34-MW Matafongo onshore wind farm plus an under-development project pipeline in the Dominican Republic.   Source

  • Colombia and Chile join forces to lead the incorporation of hydrogen as a clean energy source in Latin America

    January 7, 2021

    The governments of Colombia and Chile have joined forces to help consolidate a competitive hydrogen export market to other continents, where the two countries position themselves as large-scale producers of this fuel as they continue leading the path toward the energy transition in Latin America.   Source

  • Latin American countries make calls for public bids in renewable energy

    January 6, 2021

    Several Latin American countries including Argentina, Ecuador and Chile have begun 2021 with calls for public bids in renewable energy.   Source

  • Geothermal Webinar

    Mexico’s CFE and France to cooperate on implementing ORC units at geothermal fields

    January 5, 2021

    State-owned utility and power company CFE (Federal Electricity Commission) has signed a cooperation agreement with the French embassy in Mexico to develop geothermal energy. The agreement will explore the use of binary cycle technology with resources from the French government’s Study Funds and Assistance to the Private Sector (FASEP).   Source

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