Market News - Page 195 of 349 - New Energy Events

State of Play: Puerto Rico’s Grid

From our Editorial Team
February 13, 2020
In advance of the 3rd Puerto Rico Grid Revitalization Forum (PR-GRID 2020), we hosted a webinar that gathered a panel of experts to try to make sense of what’s driving grid programs and projects in Puerto Rico. To listen to this complimentary webinar now click here. The discussion covered critical issues such as: How have the earthquakes […]
Barbados signs $30m loan for sustainable energy investment program
February 13, 2020
The Government of Barbados signed two loan deals with the Inter-American Development Bank. Prime Minister Mia Mottley said, “The $30 million USD that we just signed for with the smart energy allows us to be able to leverage renewable energy on many of the Governments properties. The Government of Barbados is spending about $400 million […]
Blue Economy Accounted for 7% of Jamaica’s GDP in 2017
February 12, 2020
The Blue Economy was responsible for more than US$1 billion of GDP in Jamaica in 2017, according to Caribbean Development Bank (CDB) Director of Economics Dr. Justin Ram. The announcement was part of the CDB’s annual news conference in Barbados, and included wider discussions about economic growth in the region. Among the economic leaders in […]
Haiti Suspends Payments to State-Run Energy Company
February 12, 2020
Haitian Finance Minister Joseph Jouthe confirmed that the government has suspended US$7 million in monthly subsidies to Électricité d’Haïti (EDH). According to Jouthe, the state-run energy company should be able to secure loans. EDH is currently owed $230 million dollars, 60% of that from residential customers. Source
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 […]