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Market News

  • Montserrat and St. Lucia to take part in renewable energy expertise sharing platform

    November 22, 2018

    The UK-based Institute for Environmental Analytics recently announced its plans to share and develop its renewable energy analytics and satellite weather data platform (RE-SAT) to six island states, including two in the Caribbean. Montserrat and St. Lucia, as well as four other island states in the Pacific and Indian Oceans, will be able to use […]

  • Enel announces more than half of projects will be carbon-free by 2021

    November 22, 2018

    Global utility and electricity distributor Enel announced its plans to invest over €10 billion in 11.6GW of new renewable energy capacity from now to 2021. In a presentation detailing its 2019-2021 industrial plan, Enel announced its production would go from 48% carbon free to 62%, tipping the scales to a majority of renewable and clean […]

  • Power plant in Guadeloupe to convert from coal to biomass

    November 22, 2018

    The French island of Guadeloupe has announced plans to convert a coal-fired power plant to a biomass plant. The draft Power Purchase Agreement (PPA) was approved between the facility, the Albioma Caraïbes plant, and the French energy regulator (CRE). Albioma, an independent renewable energy producer focused on biomass and photovoltaics,  operates the plant. The power […]

  • 50 percent renewables in Jamaica

    Costa Rica reaches milestone in wind energy generation

    November 21, 2018

    Costa Rica’s National Electric System (SEN) reached its highest number in generation of wind power since it began operating. Costa Rica was the first country in Latin America to add wind energy to its electricity matrix, in 1996. This year, the country has accumulated over 1500 GW/h, surpassing the 1290 GW/h generated in 2017, with […]

  • New solar projects commissioned in Honduras for commercial hubs

    November 20, 2018

    Two new solar PV projects in Honduras were announced by the solar power provider Enertiva. Under a PPA contract, Enertiva,which currently operates in Guatemala, El Salvador, Honduras, Costa Rica, Panamá and Nicaragua, will provide 1.41MW in solar power. The two projects were commission by Corporación Lady Lee, one of the biggest corporate groups in Honduras. […]

  • Geothermal Plant

    Geothermal Development Facility issues third call for funding applications

    November 20, 2018

    A call for applications for funding of geothermal projects in Latin America has been issued by the Geothermal Development Facility for Latin America. This third call for applications is for developers with geothermal projects, and will provide funding for surface studies or confirmation drilling. Eligible projects must be in one the following countries: Bolivia, Colombia, […]

  • New financing source for climate-related projects in the Caribbean secured

    November 19, 2018

    The Green Climate Fund (GCF) and the Caribbean Development Bank (CDB) have signed a legal agreement to facilitate climate finance projects in the Caribbean. The Accreditation Master Agreement (AMA) was signed on the sidelines of the GCF’s Caribbean Structured Dialogue which took place in Grenada earlier this month. The meeting brought together stakeholders to plan […]

  • Jamaica - hot air or steam?

    Developer presents geothermal project proposal in Argentina

    November 19, 2018

    Geotermia Andina’s President, Giorgio Stangalino, recently met with Sergio Uñac, the Governor of San Juan, and other stakeholders to discuss his company’s proposal for geothermal projects in this region of the Argentinian Andes, which is thought to have a high potential for geothermal development.  The San Juan region borders Chile, and includes the Valle del Cura […]

  • Officials embark on study tour of Belize’s energy sites

    November 16, 2018

    The Belize Minister responsible for Public Service, Energy and Public Utilities will be hosting a group of CARICOM officials for a study tour of energy sites in Belize. The tour included visits to the Vaca Dam, currently in its third phase of the Macal Hydroelectric Project, the Santander Biomass Power Plant, the La Gracia Smart […]

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