Market News - Page 184 of 342 - New Energy Events

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 […]
Energy giant Enel says Covid-19 won’t affect plan for renewables portfolio in Latin America
April 9, 2020
In its latest financial announcement, Italian energy company Enel said the pandemic currently poses “no material disruption” to its renewable project supply chain, and that it expects to meet its 2020 energy targets. The company intends to move forward with plans to add an additional 14.1GW of renewables by 2022, which includes projects in Chile […]
Pandemic, oil price collapse to take its toll on LAC energy markets
April 8, 2020
The recent oil price collapse, combined with the economic contraction resulting from measures to fight the global Covid-19 pandemic, will have extensive and largely unforetold impacts for Latin American energy markets and beyond. These implications include cuts to investment and delays to ongoing projects in both oil & gas and renewable energy, fiscal and broader […]