Market News - Page 184 of 337 - New Energy Events

Barbados signs Wartsila to build “Clean Energy Bridge” power plant
January 23, 2020
The technology group Wärtsilä has won the contract to supply a 33 MW flexible power plant on a fast-track basis to the Barbados Light & Power Company Limited (BLPC), the utility company on the Caribbean island of Barbados. The power plant will be supplied as an Engineering, Procurement and Construction (EPC) project. The project will […]
UNDP awards $15k in ‘blue lab funding’ to four startups
January 20, 2020
The United Nations Development Programme’s Blue Economy Accelerator Lab in Barbados awarded blue lab funding to four startups doing work related to the Blue Economy. The companies were chosen from among eight candidates, and will receive up to US$15,000 in total funding. Winners included Bio Plastic Creation, which makes biodegradable products from sargassum seaweed and […]
Solar microgrids across Puerto Rico withstand quakes; boost case for distributed generation
January 20, 2020
Solar microgrids installed throughout Puerto Rico after Hurricane Maria didn’t lose power when massive earthquakes tore through the island’s electric grid earlier this month. The microgrids, many of which are permanently off-grid, were able to continue operating despite serious damage to transmission lines and power plants. Operators see this as an argument for shifting to […]
Trinidad and Haiti among islands receiving UAE support for climate-resilient energy projects
January 16, 2020
The UAE-Caribbean Renewable Energy Fund (UAE-CREF) has entered the second cycle of its $50 million three-year plan to build climate-resilient renewable energy projects in 16 Caribbean nations. It said it has successfully completed new development and funded agreements for the Dominican Republic, Haiti, Guyana, Grenada, Saint Kitts and Nevis, Trinidad and Tobago and Suriname. The […]
Solar producer secures $15-million financing for PV plants in Puerto Rico
January 15, 2020
Solar power producer Sonnedix recently closed on US$15 million in financing for solar photovoltaic plants in Puerto Rico. City National Bank, based in Florida, acted as the lender. Sonnedix has been operating in Puerto Rico since 2015 and currently has two operational solar PV plants on the island, with 50MW of solar power capacity in […]
Natural Capital Dominates Policy Discussions in 2020
January 14, 2020
With several critical policy discussions on the calendar, 2020 has been dubbed the Super Year for Nature. Meetings include the International Union for Conservation of Nature World Conservation Congress in France, happening in June; the COP15 of the United Nations Convention on Biological Diversity in China this October; and Climate COP26 closing out the year […]
Puerto Rico earthquakes cause widespread devastation and power loss
January 9, 2020
A series of earthquakes across Puerto Rico deal another blow for the already fragile power system. As of Jan 9, about 2/3 of Puerto Rico is without power, and officials say the impact from the earthquakes have caused wider devastation than Hurricane Maria. In the case of generation, one power plant has suffered sufficient damage […]
Shareholders request Barclays phase out financing of fossil fuel companies
January 8, 2020
Barclays shareholders have filed a landmark resolution asking the bank to phase out the financing of fossil fuel companies. The request came from 11 institutional investors managing more than US$170.6 billion and about 100 individual shareholders, and will be voted on at the British bank’s annual general meeting in May. Barclays is currently the highest […]
Martinique begins geothermal talks
January 7, 2020
Martinique, a French Caribbean territory, is exploring the potential for geothermal energy, as part of an island-wide clean energy transition. Over the previous two decades, experts have identified two potential areas for geothermal development, with a particular focus on the southwest region of the island. A group of Martinique’s electricity and energy stakeholders recently made […]