Market News - Page 201 of 342 - New Energy Events

Chile gives go-ahead for 30MW geothermal plant
June 17, 2019
A USD 200 million expansion of the Cerro Pabellón geothermal plant in Chile has been given the go-ahead by the country’s environmental watchdog. This geothermal plant was the first in South America to enter into operation. A subsidiary of Enel Generación, a multi-national power company and leader in the renewable field with a presence in […]
Climate financing from development banks reaches USD 43.1bn in 2018
June 14, 2019
The world’s six largest multilateral development banks (MDBs) committed over USD 43 billion in climate financing to support climate action initiatives. Climate financing therefore increase by 22% compared to the previous year, according to the 2018 Joint Report on Multilateral Development Banks’ Climate Finance. Since 2011, when the six MDBs started tracking their climate financing, […]
50MW wind farm in the Dominican Republic starts operations
June 13, 2019
The 50MW wind farm PECASA was inaugurated yesterday in the Dominican Republic. This is one of the Dominican Republic’s largest renewable energy projects. Dominican Republic President Danilo Medina highlighted the importance of this new wind farm in helping diversify the nation’s energy matrix. This new clean energy source will allow to further reduce fuel consumption […]
Trinidad and Tobago receive USD 3m for renewable energy projects
June 13, 2019
IRENA has awarded USD 3million to Trinidad and Tobago for the development of its renewable energy sector. Trinidad and Tobago successfully applied to the UAE Caribbean Renewable Energy Fund in January of this year. Two projects first developed when the country joined IRENA are currently being finalised. This shift towards renewables aims to lower the […]
Solar PV system installed in Barbados under government’s new energy programme
June 12, 2019
A 109KW solar photovoltaic system was installed at the Samuel Jackman Prescod Institute of Technology in Barbados. This renewable energy system was installed under the Government’s Public Sector Smart Energy Programme. The programme’s objective is to promote the use of renewable energy and energy efficiency in the public sector. The contract was awarded to Solar […]
Solar-plus-storage project in Guyana to be funded by Norway
June 11, 2019
A 30MW solar-plus-storage in Guyana will be funded by Norway’s Ministry of Climate. Norway will finance the project with USD 77 million. This financing is the result of discussions undertaken last year by the Norwegian and Guyanese governments to support Guyana’s climate action initiatives. This agreement has allowed Guyana to access close to USD 129 […]
Commercial coral farm for more resilient reefs opens in The Bahamas
June 11, 2019
The world’s first land-based commercial coral farm, which supports more resilient reef restoration, was opened in Grand Bahama. Projects like these are essential for the restoration of healthy oceans, and the development of sustainable Blue Economies. This project was spearheaded by Gator Halpern, Young Champion of the Earth for Latin America and the Caribbean and […]
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. […]