Market News - Page 225 of 337 - New Energy Events

Guyanese factory turns to solar
August 29, 2018
The Ministry of Public Infrastructure and the Guyana rum producer, Demerara Distillers Limited (DDL), plans to build a solar farm for power generation. In Guyana, only one large-scale photovoltaic project is currently being developed, a 100 MW facility planned with the support of the Norwegian government . Guyana plans to more than double its power generation output from 749 […]
Montserrat advances port development project
August 28, 2018
Monserrat has embarked on the final step of the procurement process for a £21 million port development project. The Ministry of Communications, Works, Energy and Labour held a tender meeting for the five shortlisted companies who are bidding to supervise and provide and technical consultancy. Four companies attended the meeting, including IMC Worldwide Ltd (UK); Stantech […]
Three new solar projects announced in US Virgin Islands
August 23, 2018
The U.S. Virgin Islands launched three new solar projects last week. Former U.S. President Bill Clinton headed the proceedings, joined by Bloomberg co-founder Tom Secunda and officials from Expedia Group. The solar panels, batteries, and installation provided are being funded by Expedia Group as a commitment of the Clinton Global Initiative, in partnership with Bloomberg Philanthropies. The three sites includ The […]
First utility scale renewable project opens in Saint Lucia
August 20, 2018
On Thursday, August 9 2018, President Bill Clinton, Saint Lucia Prime Minister Allen Chastanet, and José María Figueres, former president of Costa Rica and Board of Trustees for RMI hosted the official opening ceremony for the 3 megawatt (MW) solar farm of the St. Lucia Electricity Services Limited (LUCELEC) in La Tourney, Vieux Fort. The […]
Cuba amends law in effort to attract foreign investment
August 20, 2018
The Cuban government has announced amendments to its foreign investment law aiming to increase the presence of foreign companies in the island. Amendments seek to increase efficiency and reliability in the overall business environment. The new law, which will take effect on September 1, seeks to simplify the procedures to approve a project, which currently […]
Ecuador’s geothermal sector poised for growth
August 20, 2018
The General Manager of the Ecuadorian Electric Corporation (CELEC EP) along with Japanese Parliamentarians, recently reviewed the advances at the Chachimbiro Geothermal Project, located in the province of Imaburura. This geothermal project is Ecuador’s first, and results thus far are encouraging. Drilling has reached a depth of 2,000 meters and the downhole temperature is […]
Geothermal plant in Nicaragua reports record-level power generation
August 20, 2018
Last week Polaris Infrastructure announced its Q2 2018 results, reporting record-level power generation in the San Jacinto-Tizate Power Plant in Nicaragua. The project generated 139 GWh, resulting in a revenue of US$17.7m during the quarter. In comparison to 2017 reports, this growth represents an 11% increase in revenue which was due to higher average production […]
CDB adds Dominica to climate resilient roads initiative
August 16, 2018
The Caribbean Development Bank (CDB) has expanded its road transport project to include Dominica, following the devastation caused by Hurricane Maria last year. The project, which includes Guyana, Suriname, and now Dominica aims to provide road infrastructure that is resilient to natural hazards and climate change impacts. The CDB will conduct a study on approaches […]
BMR Energy to acquire solar park in US Virgin Islands
August 16, 2018
BMR Energy, a clean energy firm, is set to acquire a 4 MW solar park, St. Croix, in the US Virgin Islands. St Croix solar plant, sustained significant damage last year due to Hurricane Maria. The company, which has already started repairing the damage and replacing inverters, plans to restore the PV plant to its […]