Market News - Page 183 of 337 - New Energy Events

Bahamas “green island” solar farm nears completion
February 7, 2020
The Bahamas solar PV project on Ragged Island, meant to be completed in January 2020, continues to face delays due in part to the after-effects of Hurricane Dorian. The solar panels are now installed, remaining work to be carried out includes building overhead transmission lines, finishing the ground wiring, and installing the energy storage equipment. […]
Dominican Republic installed solar capacity to double this year
February 6, 2020
This year, five solar parks for a combined 206MW are penciled in to begin operations in the Dominican Republic, joining the 163 MW of solar already online. The CNE (national energy commission) just granted provisional concessions for an additional 123 MW of solar energy projects. The developers have 18 months to conduct necessary studies and […]
Report: Investor Interest in Blue Economy is High
February 6, 2020
Responsible Investor, in partnership with Credit Suisse, has issued a report measuring investor sentiment around the Blue Economy. The survey of 328 asset managers and owners across 34 countries sought to gauge conditions for private capital to flow toward Blue Economy initiatives. Results indicate that industry interest is high, with three in four respondents considering […]
PREPA’s Proposed Rate Hike Rejected; Delay Sought on RSA Hearing
February 6, 2020
The Puerto Rico Legislative Assembly recently rejected a measure that would increase electricity rates, as part of the Puerto Rico Electric Power Authority (PREPA) restructuring support agreement (RSA) with the public utility’s bondholders. The rate hike, required under the RSA, could increase electricity costs up to 20 percent over the next five years for all […]
Solar market on the rise in Puerto Rico since Hurricane Maria
January 29, 2020
After Hurricane Maria ripped through Puerto Rico in 2017 and took out the island’s electric grid, more residents have switched to solar power. In that time, US-based solar and storage company Sunnova has gained more than 2,500 clients, who’ve switched to solar panels and battery storage systems. Officials indicated that recent earthquakes have also intensified […]
Mexico ranked sixth in the world for geothermal capacity
January 29, 2020
Mexico made the list of the top ten geothermal countries based on installed capacity. Coming in at 6th (just behind New Zealand), Mexico has 962.7 MW installed capacity. Countries in the top ten include (in order): U.S., Indonesia, Phillippines, Turkey, New Zealand, Mexico, Italy, Kenya, Iceland, and Japan. Source
Report: Brazil has 700 GW in offshore wind potential
January 27, 2020
Brazil has 700 GW in offshore wind potential, a new study shows. The report, Roadmap Eolica Offshore Brasil, indicates that the country would need to adjust for offshore energy projects, including appropriate environmental licensing and vessels. Currently, Brazil has six offshore wind farms in the licensing phase with a combined capacity of 9,715 MW. Source
Jamaica takes key step forward for e-mobility future
January 27, 2020
In partnership with the Inter-American Development Bank (IDB) and other key stakeholders, the Jamaican government completed its electric mobility framework. “We commenced a process to develop the electric vehicle sub-policy, which includes the development of an electric mobility strategic framework. That framework is now complete, and that was the first stage to getting us towards […]
Dominican Republic adds 25 MW solar onto the grid
January 23, 2020
The 25-MW first phase of the Solar Canoa photovoltaic (PV) farm in the Dominican Republic started operations on Friday, the office of the country’s president Danilo Medina announced. Local firm Potentia Renewables, through its Emerald Solar Energy subsidiary, invested about USD 45 million (EUR 40.5m) in the PV facility, according to the announcement on the president’s website. […]