Market News - Page 180 of 342 - New Energy Events

IDB Invest approves $2m credit facility for Caribbean LED Lighting
August 7, 2020
IDB Invest, a member of the Inter-American Development Bank (IDB) Group, approved a revolving credit facility of up to US$2 million to Caribbean LED Lighting Inc. (CLL) in Barbados. The facility will facilitate access to finance for the private sector, and will be used to expand the operations of the company within the Caribbean region […]
Costa Rican utility says no to waste to energy
August 7, 2020
The presidency of the Costa Rican Electricity Institute (ICE), declared that they are not going to provide any land to make the incinerator (or any type of chemical combustion) of waste that seeks to generate electricity as a result of the activity. In addition, ICE asks the Metropolitan Federation of Municipalities (FEMETROM) for an explanation […]
Dominica’s geothermal project bids come in over budget
August 7, 2020
Dominica’s geothermal project is facing a big roadblock – substantially higher project costs than anticipated. Following a September 2019 tender for the construction of a geothermal power plant on the island, three bids reviewed as valid all came in at prices significantly higher than estimates for project costs. The project had previously secured sufficient funds […]
PREPA transmission and distribution system operator approved, questions remain
July 10, 2020
On June 22, 2020, the contract for the PREPA transmission and distribution system operator was approved. The question is if this agreement will benefit Puerto Rico’s electricity consumers. This type of agreement is normally approved by the regulator (in Puerto Rico the Energy Bureau) with broad citizen participation due to the impacts it has on all sectors of […]
Trinidad & Tobago pursuing hydrogen energy; HDF Energy and Kenesjay to develop project
July 10, 2020
Kenesjay Systems Limited (Kenesjay) has signed a Letter of Intent (LOI) with the French hydrogen specialist HDF Energy to establish a partnership for the development of the NewGen Carbon-Neutral & Green Hydrogen project. The main partnership principles and terms are now under discussion for a comprehensive MoU that is expected to be signed this summer. […]
FortisTCI and Ritz-Carlton partner on renewable energy
July 10, 2020
FortisTCI and the Ritz-Carlton Hotel and Residences are working together to increase renewable energy integration in the Turks and Caicos Islands. The luxury-branded development has signed on as FortisTCI’s 10th Utility Owned Renewable Energy Program (UORE) customer, further diversifying the country’s energy profile. The Ritz-Carlton Hotel and Residences are currently under construction on Grace Bay […]
El Salvador industrial park to add 8 MW of solar PV with $8m IDB Invest loan
July 10, 2020
IDB Invest, a member of the Inter-American Development Bank (IDB) Group, will support the expansion and installation of 8 MW solar rooftop at an industrial park in El Salvador with an $8m loan. The financing has an 11-year tenor and will allow American Industrial Park SA de CV (AIP) to build more space, improve logistics […]
Mexico issues international geothermal tender
July 10, 2020
The state-owned Comision Federal de Electricidad power company is seeking a developer for the facility. Comision Federal de Electricidad (CFE) a state-owned power company in Mexico, has launched an international geothermal plant project tender. It is looking for a developer that will be able to follow through on a facility with a guaranteed 25 MW net capacity. […]
Is Puerto Rico’s Grid Ready for Hurricane Season?

From our Editorial Team
June 29, 2020
June 1st marked the opening of Puerto Rico’s hurricane season, but it’s just one of many challenges confronting the island’s electric grid. The year opened with massive earthquakes that shut down the Costa Sur power plant, and then a pandemic upended the market and consumption patterns. Despite, or perhaps because of, these disruptions, the Puerto […]