Market News - Page 179 of 337 - New Energy Events

PREPA taking final steps towards PPOA agreement for Caribbeans largest solar facility
May 8, 2020
A landmark power purchase agreement for Puerto Rico’s sizable Montalva solar project will be signed within days, according to Canadian developer, Greenbriar Capital Corp. The Puerto Rico Electric Power Authority (PREPA) informed its Governing Board on April 30 that it has attained substantial progress on 7 of the 19 remaining amended and restated renewable energy […]
US sitting on billions in clean energy loans
May 4, 2020
The Trump administration is holding onto approximately US$43 billion in low-interest loans for clean energy projects, as Congress considers more financial relief in response to Covid-19. With a projected budget deficit nearing $4 trillion, the loans — previously authorized by Congress — could fund projects that stimulate a troubled economy. Eligible sectors include renewable power, […]
Mega Solar Project Still Moving in Puerto Rico
May 1, 2020
Covid-19 has not stalled the Caribbean’s largest solar project. Greenbriar Capital recently signed an agreement with China Machinery Engineering Corporation (CMEC) for design and construction of its massive Montalva solar project in Puerto Rico. Planned for the island’s southwest coast, Montalva would launch with 80 MW AC of photovoltaic and the capacity to expand up […]
Mexico to add 200 MW solar PV in 2021
April 23, 2020
EDP Renovaveis S.A. (EDPR), the renewable energy arm of Portuguese power utility EDP, has secured a 15-year power purchase agreement with Mexican electricity trader Ammper Energia S.A.P.I. de C.V. The offtaker will buy power from the 200 MW Los Cuervos solar power plant that EDPR is building in the Mexican state of Aguascalientes. The installation […]
In Jamaica, electricity demand is down; residential demand is up
April 23, 2020
Jamaica’s utility, JPS, reported that while the company has seen an overall decrease in electricity consumption by approximately 2.5 percent in March, residential demand is up by 3 percent. Since the COVID-19 outbreak, many are spending more time at home, and have increased consumption varying five to 50 percent. “People who would have been out […]
IRENA: Renewables push could be key to post-Covid recovery
April 22, 2020
According to new analysis from IRENA, a Covid-19 recovery focused on renewables could be the key to a $100-trillion boost in global GDP and millions of new jobs by 2050. The analysis estimates that a “renewables-based” decarbonization shift would require up to US$130 trillion in investment through 2050. But IRENA estimates that the world would […]
US$500 million approved for AES Gener renewable projects
April 22, 2020
Shareholders of Chilean developer AES Gener approved the proposed raising of US$500 million for the installation of 1.6GW of solar and wind projects in Chile and Colombia. The total US$1.8 billion in funding will come from a combination of the US$500-million capital increase, cash and third-party partnerships. This includes US$335 million from top shareholder AES […]
Cuba’s electricity consumption skyrockets during pandemic
April 21, 2020
In the first few weeks of April, Cuban electricity consumers were using amounts of electric power above what is consumed in the summer months. Cuban authorities issued an alert to the population to encourage energy savings. This is happening during a time when many residents are at home due to the COVID-19 pandemic, in combination […]
Webinar | Puerto Rico & COVID-19: Impact on the Grid

From our Editorial Team
April 9, 2020
How is Covid-19 impacting Puerto Rico’s energy market, and what are the implications for utility customers? On Tuesday, April 14, we explored what this means for the future of the island’s grid. To listen to this complimentary webinar, click here. The discussion covers critical issues such as: How shifts in electricity demand are impacting the […]