Market News - Page 227 of 337 - New Energy Events

IDB $20m credit line for El Salvador will ease financing for sustainable energy
August 7, 2018
The Inter-American Development Bank (IDB) is set to loan US$ 20m to El Salvador to enable investment in renewables and energy efficiency for small and medium enterprises (SMEs). The loan program will be complemented by a non-reimbursable technical cooperation of US $ 1.7 million aimed at developing energy savings measurements and financial risk transfer instruments […]
IRENA wants a clean energy corridor in Central America
August 3, 2018
The International Renewable Agency (IRENA) is promoting the creation of a clean energy corridor (CECCA) in Central America, which could promote cross-border trade of renewable energy in the region and could potentially increase the use and infrastructure of clean resources. To properly execute this, IRENA has been focusing its research on addressing issues related to […]
Barbados to explore offshore renewable energy
August 3, 2018
Barbados has received funding from the Inter-American Development Bank (IDB) and the European Union (EU) for renewable energy projects. The Government of Barbados will use the funds to explore offshore projects, focusing on ocean thermal energy, fixed offshore wind, and floating offshore wind projects. The island’s Public Sector Smart Energy Program has called for studies […]
51 MW solar plant in Jamaica announces construction partners
August 3, 2018
A consortium of two experienced companies, Schneider Electric and Eiffage Energía, were selected for the construction and development of the 51 MW solar plant, Paradise Park, in Jamaica. The project developers, Neoen, MPC Caribbean, and Rekmaniar Frontier Ventures, won the tender with the lowest bid for solar power in the Caribbean at 8.5 cents/kWh. For […]
10 MW solar plant completed in El Salvador
August 3, 2018
AES, the Salvadorian subsidiary of the American electric company AES Corporation, has announced the connection of a 10 MW solar plant, La Unión, to El Salvador’s electric grid. This represents the first of three stages of the Bósforo project which aims to connect 100 MW of solar power to the country’s national grid. La Unión […]
Puerto Rico wants to increase renewable energy output to 40 percent
August 1, 2018
The governor of Puerto Rico, Ricardo Roselló, stated that the objective of the island is to increase the use of renewable energy to 40%. This, the governor stated, will give the citizens of the islands alternatives, regulate prices, independence and will help protect the environment and fight climate change. This statement goes in line with […]
Enel Chile to add 30 MW to Cerro Pabellon
August 1, 2018
Enel Chile will be installing 600 MW of renewables sources in the country. The company has executed a three-layered plan. The first and second will see the development of a 380 MW solar park in the regions of Antofagasta and Atacama and a 100 MW wind park between the regions of Biobío and Araucanía. The […]
Private sector playing big role in Central American Renewable Market
August 1, 2018
The number of renewables projects in Central America has been growing and attracting international investments, which have helped promote the development of innovative and clean projects. Today, in most countries of the region, private investments have surpassed public investment, which aim to promote decentralized projects throughout the country. The region produces 54.4% of their total […]
Promising results at Nevis geothermal drilling site
August 1, 2018
Thermal Energy Partners (TEP) has provided details on their successful drilling efforts on the Island of Nevis. This discovery has made the company confident that the resources in the island are economically viable and have the potential to supply power to the island resident and industries. Given the high temperatures of the geothermal resources, TEP […]