Market News - Page 216 of 343 - New Energy Events

Dominica to start construction on geothermal project in Q3 2019
January 3, 2019
The Government of Dominica has announced its goal to start construction of a geothermal power plant before the end of this year. The project, located in the Roseau Valley and just outside the island’s capital city, is funded by the IDB and the Caribbean Development Bank, with support from the World Bank. In March 2018, […]
Sustainable resort in Dominican Republic receives USD119.5 million in financing
December 27, 2018
The International Finance Corporation (IFC), a World Bank Group member, and IDB Invest have announced their commitment to provide USD 119.5 million to Cisneros Real Estate for a new sustainable resort in the Dominican Republic. This investment will strengthen the country’s appeal for investments, and build a brand as an eco-friendly destination. This development is […]
Jamaica completes offshore LNG terminal
December 26, 2018
The natural gas supplier New Fortress Energy has finished construction for its new floating regasification vessel, the Golar Freeze, off the Old Harbour in Jamaica. This deal is expected to generate over USD22 million for the vessel’s owner, Golar LNG Partners. New Fortress is planning a USD 100 million initial public offering, though the details […]
Caribbean to pilot UN geothermal classification scheme
December 22, 2018
This classification system is designed to encourage investment in geothermal projects. The classification scheme was discussed at a workshop recently held in St. Lucia by the International Renewable Energy Agency (IRENA), the International Geothermal Association and the World Bank. The scheme, the ‘United Nations Framework Classification (UNFC) to Geothermal Energy Resources and Reserves’ is a […]
El Salvador opened tender for renewable energy project
December 21, 2018
El Salvador has received eighteen proposals, twelve solar PV projects and six biogas, for a 28MW renewable energy project. The National Energy Council of El Salvador, and the electricity distributor DELSUR received this Wednesday the proposals. The call for tenders had been opened in May. Representatives of SIGET, a government agency overlooking electricity and telecommunications […]
Barbados and Trinidad and Tobago discuss energy cooperation agreement
December 21, 2018
Trinidad and Tobago and Barbados have started discussions to explore a “potential partnership” on energy related matters. High level discussions by the countries’ ministers of energy were recently held, according to Trinidad’s Ministry of Energy and Energy Related Industries. Energy Minister Franklin Khan, and his Barbados counterpart Wilfred Abrahams discussed “mutual cooperation with respect to […]
Feasibility study planned for geothermal project in Ecuador
December 20, 2018
A feasibility study for a geothermal project has been undertaken in Ecuador. The CELEC power utility is planning further drilling, with financing from the Japanese Government. The site Chachimbiro is surrounded by a volcano and hot springs, a natural environment apt for geothermal energy development. This energy source would be consistent throughout the year. In the […]
Eastern Caribbean to receive financing for geothermal
December 20, 2018
The Inter-American Development Bank (IDB) and the Caribbean Development Bank (CDB) will provide over USD 85 million for geothermal development in the Eastern Caribbean. This latest financing is an expansion of the Sustainable Energy Facility programme, under which the two lenders provided a USD 71.5 million loan and grant package for the development of renewable […]
The Caribbean and the EV Revolution-in-Waiting

From our Editorial Team
December 18, 2018
While most Caribbean islands are rapidly modernizing their electric grids, the modernization of transportation systems has lagged. Is change in the air? In November, for example, the government of Bermuda signed a memorandum of understanding with the Rocky Mountain Institute (RMI), embracing a plan to fully transition the island’s transportation sector to electric vehicles (EVs). […]