Market News - Page 182 of 337 - New Energy Events

$300-Million Thermal Ocean Energy Project to Launch in Puerto Rico
February 25, 2020
The Department of Economic Development and Commerce unveiled a plan to develop the $300 million Puerto Rico Ocean Technology Complex, or PROtech, to generate ocean thermal energy. The project will be developed in five phases, starting with the RFQ process next month. Source
Nevis 10 MW geothermal project secures development team
February 25, 2020
The Nevis geothermal project announced today that Albioma, a developer and operator of renewable energy projects in the Caribbean and worldwide, has been chosen by NREI to develop and construct the 10 MW Nevis geothermal project. Albioma has joined Schlumberger Integrated Drilling Services (IDS), of Schlumberger Limited (NYSE:SLB), a drilling company that was hired last […]
RMI releases report on solar PV storm resilience
February 24, 2020
RMI, in partnership with Clinton Foundation and FCX Solar, set out to answer the question of why some solar PV systems survive hurricanes virtually unscathed while others suffer extensive damage. The Solar Under Storm reports discuss the root causes of PV system failures from hurricanes and describe recommendations for building more resilient solar PV systems. […]
Montserrat port development project open for procurement
February 24, 2020
The Montserrat Port Development Project has advanced to the procurement process phase, as contractors are now invited to pre-qualify for the design-build contract for the Phase 1 Development. Project Manager of the Montserrat Port Development Project, Dion Weekes said the Project has satisfied the conditions set by the Caribbean Development Bank (CDB) to advance to […]
Honduras manufacturing park adds 4 MW of rooftop solar
February 24, 2020
Colombian energy company Celsia SA has installed 4 MW of solar photovoltaic (PV) arrays on rooftops of manufacturing facilities in the Zip Bufalo industrial park in Villanueva, Honduras. The PV system spreads across ten rooftops and has the potential to generate 5,640 MWh per year and meet 18% of the power consumption needs of the […]
State of Play: Puerto Rico’s Grid

From our Editorial Team
February 13, 2020
In advance of the 3rd Puerto Rico Grid Revitalization Forum (PR-GRID 2020), we hosted a webinar that gathered a panel of experts to try to make sense of what’s driving grid programs and projects in Puerto Rico. To listen to this complimentary webinar now click here. The discussion covered critical issues such as: How have the earthquakes […]
Barbados signs $30m loan for sustainable energy investment program
February 13, 2020
The Government of Barbados signed two loan deals with the Inter-American Development Bank. Prime Minister Mia Mottley said, “The $30 million USD that we just signed for with the smart energy allows us to be able to leverage renewable energy on many of the Governments properties. The Government of Barbados is spending about $400 million […]
Blue Economy Accounted for 7% of Jamaica’s GDP in 2017
February 12, 2020
The Blue Economy was responsible for more than US$1 billion of GDP in Jamaica in 2017, according to Caribbean Development Bank (CDB) Director of Economics Dr. Justin Ram. The announcement was part of the CDB’s annual news conference in Barbados, and included wider discussions about economic growth in the region. Among the economic leaders in […]
Haiti Suspends Payments to State-Run Energy Company
February 12, 2020
Haitian Finance Minister Joseph Jouthe confirmed that the government has suspended US$7 million in monthly subsidies to Électricité d’Haïti (EDH). According to Jouthe, the state-run energy company should be able to secure loans. EDH is currently owed $230 million dollars, 60% of that from residential customers. Source