Market News - Page 191 of 349 - New Energy Events

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, […]
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 […]