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Market News

  • Barbados lays out “ambitious but doable” renewables roadmap to 2030

    October 3, 2019

    Barbados is gearing up for big policy changes to enable renewable energy growth. The push towards making Barbados into a green energy nation in the next decade, took a major step today with the Prime Minister laying out an “ambitious” but “doable” road map to the 2030 goal, according to key observers who gave cautious […]

  • Jamaica’s net billing program sees continued growth

    October 3, 2019

    Jamaica’s net billing facility is growing – signifying a successful growth sector for renewables on the island. Since the 2012 program launch, there are now a total of 800 licenses for net billing that have been issued to power suppliers – seventy since the beginning of 2019. Minister of Science, Energy and Technology Fayval Williams […]

  • Blue Lagoon Iceland, Grindavík, Iceland

    Offshore drilling in Mexico will explore geothermal potential

    October 2, 2019

    A research vessel will be drilling off Guaymas, in the Gulf of California Mexico, to collect insights on the region’s geology and investigate its geothermal potential. The JOIDES Resolution, with team of thirty-three scientists will undertake this project. This drilling and data collection is part of the International Ocean Discovery Program’s marine research initiative.  “We’re going […]

  • Haiti publishes RFQ for grid modernisation and expansion

    September 26, 2019

    Haiti’s National Regulation Authority for Energy (ANARSE) has published its third RFQ in collaboration with Energy Cell MTPTC and EDH and with the support of USAID. This request for quotation (RFQ) concerns the country’s North East Grid. The grid will cover 10 cities and currently has 24,000 active customers and should power more than 55,000 customers. The duration […]

  • CREF Industry Awards

    Past, Present, Future: CREF award winners talk Caribbean clean energy

    From our Editorial Team

    September 24, 2019

    We’ve seen a surge in the number of submissions for the 3rd Annual Caribbean Renewable Energy Forum (CREF) Industry Awards — more than 20 this year — that reflects real momentum in the Caribbean. We now have two years of awards behind us, and a healthy history of innovative projects from leaders in the region […]

  • Barbuda will have a climate-resilient and green supply of energy thanks to international partnership

    September 23, 2019

    A partnership between the UAE-Caribbean Renewable Energy Fund, the Caricom Development Fund, the New Zealand Ministry of Foreign Affairs and Trade and the Government of Antigua and Barbuda will build a resilient renewable energy system on Barbuda, where electrical infrastructure was destroyed by Hurricane Irma in 2017. Over USD 10 million dollars will be provided […]

  • Caribbean countries urged to fully develop energy sector

    Dominican Republic’s new wind farm is now operational

    September 19, 2019

    The office of the Dominican Republic’s President announced that the 34MW Matafongo wind farm is now operational and producing energy. The wind park has 17 turbines, and was developed by the Grupo Eolico Dominicano with support from the Spanish company Genera Avante. The Banco Popular Dominicano and Banco del Progreso provided the financing for the […]

  • 27 companies will participate in Colombia’s auction for large-scale solar and wind projects

    September 18, 2019

    The Colombian National Mining and Energy Planning Unit has announced they received over 50 bids from 27 companies for their large-scale solar and wind auction planned next month. The large list of bidders has many global companies, including Acciona, Canadian Solarm EDF, Enel, Solarpack, Trina.  A few Colombian power distributors will also participate in the […]

  • Panama issues its first green bond

    September 17, 2019

    Panama’s first green bond has been emitted by the InterAmerican Corporation for Infrastructure Financing (CIFI). CIFI is the leading non-bank financial institution in Latin America and the Caribbean specializing in infrastructure and energy financing, and has many years of experience in the sector. CIFI  has employed MMG Bank to structure and allocated this USD 200 […]

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