Market News - Page 185 of 342 - New Energy Events

Gender equality top priority for Caribbean Development Bank
April 8, 2020
The Board of Directors of the Caribbean Development Bank (CDB) has this week approved the Bank’s new Gender Equality Action Plan 2020-2024 to deepen its work on gender equality in Borrowing Member Countries and in the institution. Building on its investment in gender equality during the last decade, CDB is stepping up its gender responsiveness. […]
BVIEC receives five bids for 2 MW solar and storage project
April 8, 2020
Following a site visit on December 11, 2019, by twenty-eight global companies, five companies have submitted bids for the Anegada Hybrid Renewable Energy and Battery Storage System Project. BVIEC said the companies who submitted bids and their main characteristics for the project are Advanced Solar Products, MAN-HEG, Power52, Tugliq and Virtual Engineers. The combined Project […]
Belco takeover awaits regulatory approval
April 8, 2020
The Regulatory Authority is inviting comments through May 4, 2020 from the public on the proposed change of control of utility Belco. Algonquin Power and Utilities Corporation, a Canadian group, has agreed to acquire Ascendant Group Ltd, parent company of Belco, in a deal worth more than $360 million. Ascendant’s board and shareholders have approved […]
Puerto Rico Regulator Asks Court to Pause PREPA RSA Hearings
March 28, 2020
Puerto Rico’s Financial Oversight and Management Board (FOMB) announced that it’s filing a court motion to suspend all hearing and briefing deadlines for PREPA’s Restructuring Support Agreement. This agreement, intended to resolve the electric utitlity’s debt, would require a status report by May 15, 2020. See the full press release here.
Webinar | How Covid-19 is impacting the Caribbean

From our Editorial Team
March 27, 2020
On March 27, 2020, we hosted an online meeting with Caribbean leaders who updated us on the latest Coronavirus developments, and how the spread of the disease is impacting electricity markets across the region. To watch this complimentary webinar now, click here. Hear from leaders based in Trinidad, Puerto Rico, Barbados, and Jamaica as they address […]
Jamaica takes a closer look at pumped hydro
March 26, 2020
Jamaica has started studying the potential for pumped hydro storage on its electric grid to supply the grid with energy in times of need, as announced by Prime Minister Holness. The project envisions pulling water from the Middlesex aquifer in St Ann parish and pumping the water to reservoirs at higher elevations. The water would […]
Billionaire-Backed Geothermal Project Highlights New Lithium-Extraction Technology
March 20, 2020
Startup company Lilac Solutions secured US$20 million in funding from Jeff Bezos, Michael Bloomberg, and Bill Gates for a lithium-extraction project in California’s Salton Sea geothermal area—one of the richest potential sources of geothermal energy in the world. If successful, an improved extraction technology would transform the site into a combined energy and lithium source. […]
Wave and Tide Energy Production Increase Tenfold
March 20, 2020
Global wave and tidal energy production increased from less than 5GWh to 45GWh in just a decade, according to a report issued by Ocean Energy Systems. Several technologies have been deployed for open-sea testing, as international support for marine renewables continues to climb. Reducing emissions and increasing electricity production are helping drive the trend. Source […]
Barbados issues tender for 4.5 MW of solar PV
March 20, 2020
The Barbados Water Authority is seeking proposals for three PV plants for a total of 4.5 MW of generation capacity plus a 2 MW microturbine. The installations will power pumping stations. Bids can be submitted until March 31. This additional solar energy will contribute to the island’s goal of 29% renewable energy by 2029 and […]