Market News - Page 197 of 337 - New Energy Events

Microgrids in Puerto Rico to double by 2024
June 7, 2019
A report by Wood Mackenzie estimates that the accumulated investments in Puerto Rico’s microgrid market, which could allow over 220MW of installed capacity in the next five years, will reach USD 419 million. Companies are currently competing for the development of multiple clean energy and microgrid projects on the island. These trends indicate that the […]
El Salvador’s electric utility to invest in more renewables
June 6, 2019
After a pilot scheme and evaluation of different renewable technologies, El Salvador’s state electric utility, Grupo CEL, has decided to start developing its own renewable energy projects. The public company’s next projects include a 46MW wind energy project, and various solar PV plants. The company had first piloted a 24kW solar PV plant last year. […]
Caribbean tourism conference will focus on climate risk and sustainability
June 5, 2019
The Caribbean Sustainable Tourism Development Conference, hosted in St. Vincent and the Grenadines, aims to provide a platform to discuss some of the most pressing issues affecting tourism in the region. A main focus of the conference will be climate risk and resilience. The ‘Keeping the Right Balance: Tourism Development in an Era of Diversification’ […]
Canadian firm acquires Bermuda’s electric utility
June 5, 2019
Algonquin Power & Utilities, a Canadian utilities group and renewables developer, will acquire Ascendant Group Limited, Bermuda’s electric utility’s parent company. Belco is Bermuda’s primary electric utility. This acquisition aims to modernise the island’s electricity infrastructure to prepare its grid for the challenges of the 21st century, namely climate change. The company will integrate more […]
Undersea cables to provide clean and reliable electricity to Caribbean island
June 5, 2019
Caye Caulker island will be connected to Belize’s national electricity grid using submarine cables. This system will be allow the island to have access to stable electricity from renewable sources. The project will be financed by the Caribbean Development Bank through a USD 6.8 million loan, which was approved yesterday by the CDB’s Board of […]
Jamaica’s commitment to its Blue Economy continues to grow
June 4, 2019
Caribbean Development Bank officials have described Jamaica’s Junior Market as a model for financing Blue Economy. Jamaica’s Junior Stock Exchange, said Dr. Justin Ram, Director of Economics at the CDB, is a “blueprint” for countries in the Caribbean wishing to support their blue economy by raising capital through the stock market. A blended finance approach, […]
50MW geothermal project in Chile expected in 2024
June 4, 2019
The geothermal project ‘Mariposa’ in Chile’s Maule region is expected to enter into service in 2024. Energy output from the geothermal plant will be incorporated into the national grid. The 50MW project is a joint venture led by the Energy Development Corporation and Alterra, two established companies in the renewable energy field. A further 50MW […]
One year on: What do we know about the Caribbean Climate-Smart Accelerator?

From our Editorial Team
June 3, 2019
The Caribbean Climate-Smart Accelerator, formed in response to the 2017 hurricane season, is an entrepreneurial engine, setting an ambitious agenda to create the world’s first “climate-smart zone”. The coalition, which includes 26 countries and over 40 private and public sector partners, seeks to catalyze transformative investments and partnerships across priority areas including clean energy, resilience, […]
Action plan to strengthen Blue Economy in Caribbean published by World Bank
June 3, 2019
A new World Bank report examines the importance of tackling marine pollution to ensure the Caribbean region is resilient to climate change. The report, “Marine Pollution in the Caribbean: Not a Minute to Waste”, calls for urgent action to restore damaged ecosystems and protect the Caribbean’s marine resources. The ocean is a key source of […]