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Market News

  • Bloomberg reports clean energy investment exceeded USD300bn

    January 24, 2019

    Bloomberg New Energy Finance (NEF) have reported that USD 332.1 billion were invested in global clean energy in 2018. This figure is down 8% from 2017, but is nonetheless the “fifth year in a row in which investment exceeded the USD 300 billion mark”, reported the research company. For the solar industry, global PV installations […]

  • Solar power plant enters into operation in Nicaragua

    January 23, 2019

    A new 300kW solar power plant has been installed in San Juan, Nicaragua, providing electricity to inhabitants who previously had no access to the central grid.  ENATREL, the country’s national electricity transmission company, has announced the operation was successful through the investment of USD2.4 million. The solar power plant also includes a battery solar system. Salvador […]

  • Guatemala’s new rural electrification plan advocates use of renewable energy

    January 22, 2019

    Guatemala’s Ministry of Energy and Mines has published its new new ‘Policy for Rural Electrification 2019-2032’, which sees the country increase its use of clean and renewable energy sources to provide electricity to inhabitants currently unable to access it. Whilst 92.2% of the the Guatemalan population has access to electricity, 1.5 million inhabitants in the […]

  • Large-scale PV and storage project begins construction in French Guiana

    January 22, 2019

    French developer Voltalia has started construction on solar energy and storage project in French Guiana. The Savane des Pères project was awarded to Voltalia after the French government issued a call for tenders in June 2016. The project will benefit from a 25 year contract. The 3,8 MW solar energy plant will be paired with […]

  • Greener IRP for Cayman Islands accepted by utilities regulator

    January 21, 2019

    Caribbean Utilities Company’s plan to wean off fossil fuels and support renewable energy integration to the Cayman Islands’ electricity grid was approved by OfReg, the islands’ utilities regulator. The Integrated Resource Plan (IRP), which aims to introduce natural gas and increasing the storage and baseload of renewable energy generation projects, was prepared by energy industry […]

  • Companies competing for PR’s utility concession announced

    January 21, 2019

    Four proponents have entered the secondary selection phase to determine which company will manage and operate “all aspects” of Puerto Rico Electric Power Authority (Prepa)’s electricity transmission and distribution system.  “Now we begin the transformation of our energy system in the Island. Under a public-private partnership we will be developing a system that responds to […]

  • Waste to energy technology deployed in Guatemalan brewery

    January 18, 2019

    Cervercería Centro Americana (CCA), a brewery in Guatemala, is using Global Water & Energy (GWE)’s waste to energy technologies to convert wastewater to biogas. This method will increase the brewery’s environmental performance, reduce fossil fuel dependence and costs, improve the quality of organic matter removal, and may provide an additional profit to the company, as […]

  • Dominican Republic to facilitate wind and solar energy investments

    January 17, 2019

    The Dominican Republic has reopened requests for provisional concessions for wind and solar energy projects, “with the hope of revitalising investment in this sector”, said the National Energy Commission (NEC).  Ángel Canó, NEC’s Executive Director, has stated that 2019 is a promising year for renewable energies in the Dominican Republic, “considering the interest over the […]

  • 60 GWh wind power plant inaugurated in Costa Rica

    January 17, 2019

    The Cacao Wind Energy Farm in the Guanacaste province of Costa Rica, will benefit 20 000 homes and 127 000 people, it was announced at the facility’s opening ceremony. This wind farm is one of nine currently in development in the northwestern region of the country, and the second built by Coopeguanacaste in that province. […]

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