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Market News

  • Video – Virtual tour of Platanares geothermal power plant of Ormat in Honduras

    October 5, 2020

    Ormat Technologies shares an overview on the development of the Platanares geothermal power plant by GeoPlatanares in Honduras. Source

  • Bajans keen on renewable energy

    October 5, 2020

    Emera Caribbean Renewables Ltd (ECRL) is reporting an increased interest in renewable energy systems among Barbadians, especially in the last year. Source

  • Dominica

    Green recovery of Latin America and the Caribbean is possible and necessary

    October 1, 2020

    According to the World Bank Group, they “have married investment in COVID-19 response and recovery with finance that prioritizes inclusive development and longer-term resilience across our portfolio in the region. Source

  • Bermuda Government leads from front on electric vehicles

    September 29, 2020

    Contractors have been asked to respond to a request for proposal on the supply of electric vehicles for the government fleet. The Bermudian government is attempting to procure a fleet of over 600 vehicles includes motorcycles, cars, trucks and various medium and heavy-duty vocational vehicles. Source

  • Geothermal

    Is the time ripe for an expanded geothermal industry in Latin America & the Caribbean?

    From our Editorial Team

    September 10, 2020

    Teeing up the discussions that will take place at GEOLAC Virtual next week, four household names came together on August 26 for a webinar discussion to assess the prospects for geothermal against the backdrop of a pandemic and fiscal crises across the region. The conclusion? The industry needs to find new ways to market itself […]

  • Haiti makes big moves for rural solar mini-grids

    September 10, 2020

    The Haitian Government launched a new program for the development of privately led mini-grids in Haiti. PHARES (Programme Haïtien d’Accès des communautés Rurales à l’Energie Solaire – Haitian Program for Access to Solar Energy in Rural communities) is a bottom-up supported by both IDB and World Bank. The program provides subsidies to private developers/operators to […]

  • CDEMA and US to partner on disaster resilience

    September 10, 2020

    The United States government in partnership with the Caribbean Disaster Emergency Management Agency (CDEMA) launched a new USD$4.5 million initiative entitled Caribbean Climate Resilience Initiative to help countries reduce disaster risks as well as absorb and recover from hazard impacts and climate variability. Source

  • Dominican Republic power grid may prioritize hydro over solar and wind

    September 10, 2020

    Dominican Republic power grid coordinator OC released a report with proposals to guarantee supply in the country’s four grid geographic areas in case of isolated operations due to atmospheric phenomena. OC recommends prioritizing dispatch from hydro plants due to their versatility and avoiding dispatch from solar and wind. Source

  • Jamaica to develop electricity loss reduction roadmap

    September 10, 2020

    IDB approved technical cooperation funds to help Jamaica’s energy ministry develop a national electricity loss reduction plan. A roadmap will be drafted to determine the role of stakeholders, primarily power utility JPS, and required investment and technologies, and address regulatory, legal and institutional issues, among other areas. Source

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