Market News - Page 183 of 342 - New Energy Events

JPS appoints new CEO
May 27, 2020
As Emanuel DaRosa’s term expires on May 30, the board of directors of JPS appointed Michel Gantois to lead Jamaica’s utility as president and CEO. Previously, Gantois led the development of a hydrogen business unit for an Australian mining company, and has a decade of experience at ENGIE as CEO for Australia, Peru, and Pakistan, […]
Saturn Power awarded operating license for 6 MW Bermuda solar project
May 12, 2020
Just last week, the Regulatory Authority awarded an operating license to the developers of the project, Saturn Solar Bermuda 1, the Bermudian subsidiary of Saturn Power Incorporated. This is a significant milestone for the project. When the bids were submitted, Saturn’s bid was the lowest compliant bid, at 10.3 cents per kilowatt-hour. Construction began to […]
New Fortress short-listed by PREPA for temporary energy production
May 11, 2020
Liquified Natural Gas provider New Fortress Energy confirmed it’s been short-listed by the Puerto Rico Electric Power Authority (PREPA) for a temporary emergency generation RFP. Released in March, the RPF seeks to lease up to 500 MW of temporary generation capacity. This would help fill an energy gap following the Jan. 6 earthquake that shut […]
Barbados politicians urge government to direct funds towards renewable energy
May 8, 2020
With over $270 million to be allocated to capital works expenditure, Barbados Senator Crystal Drakes is urging government to use some of these funds to push job creation in the renewable energy sector. “If you want to engage in an exercise where you have job creation, you need to take some of the $274 million […]
US company secures sizable contract to build four LPG spheres in Caribbean
May 8, 2020
US contractor McDermott International’s storage business, CB&I Storage Solutions, has secured a sizeable contract to build four liquefied petroleum gas (LPG) spheres for a Caribbean energy infrastructure project. Under the work scope of the contract, McDermott’s storage business will perform engineering, procurement, fabrication and construction services for four LPG spheres, each measuring about 88ft in […]
Laguna Colorada geothermal project faces Covid-19 delays
May 8, 2020
Bolivia’s state power company Ende has suspended its consultancy procurement call for the 100 MW Laguna Colorada geothermal project, due to ongoing quarantine due to the coronavirus crisis, which runs through May 10. Expressions of interest for the consultancy contract, which includes preparing bidding documents to select contractors, were due by May 18. Source
Green bond market showing potential signs of resilience during Covid-19
May 8, 2020
Financing countries’ climate and sustainable development commitments will require global investment on an “unprecedented scale”, the report stated. IFC estimates cumulative climate investment potential of $29.4tn in emerging market cities through 2030. Sustainable finance policies and products, like debt capital instruments, are already helping to plug this gap, by financing projects with environmental and social […]
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, […]