Market News - Page 232 of 343 - New Energy Events

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 […]
Dominican Republic to commission 240 MW of wind and solar in coming months
August 16, 2018
The Dominican Republic Electrical Industry Association (ADIE) has announced this week that 240.3 MW will be connected to its national grid in the coming months. This boom of new renewable projects will see five large scale renewable projects commissioned, which include 183 MW of wind and 58 MW of solar capacity. The total investment of […]
Microgrid and storage system installed in school in Puerto Rico
August 14, 2018
Five companies – Black & Veatch, Tesla, Canadian Solar, Lloyd Electric and SunCarte Energy – have contributed to the installation of a microgrid and storage facility for a rural school located in the district of Yabucoa in Puerto Rico. This installation has the capacity to generate up to 156 kWh in one day and store […]
Green fund launch to promote investments for a resilient Caribbean
August 14, 2018
The CEO of Virgin, Richard Branson, and two dozen Caribbean nations have launched a multi-million-dollar initiative to help turn the hurricane-vulnerable region into a green tech hub resistant to disasters. The initiative – which is backed with an initial US$ 4m investment – will push to replace fossil fuel-dependent utilities with low-carbon renewable energy sources, […]
New solar plant in St. Lucia will support economic development
August 14, 2018
Invest Saint Lucia, the island’s investment promotion agency, was pleased to see the inauguration of St. Lucia Electricity Services Limited (LUCELEC) 3-MW solar farm in La Tourney. This solar park is the first utility-scale renewable energy project operated by LUCELEC. The solar park has 15,000 solar panels and is expected to generate approximately 7 million […]
Caribbean shifts attention to aviation sector
August 7, 2018
The Caribbean Development Bank (CDB) president, Dr. Warren Smith, is calling for a reform in the aviation industry in the region. The reform, he stated, should aim to improve the connectivity to be convenient, flexible and reasonably priced. The reform will demand a significant change in policies and actions by regional governments to reduce taxes […]
Research Station in Costa Rica the first to become 100% renewable
August 7, 2018
The Research Biological Station, La Selva, located in Costa Rica, is set the become the first research station in Latin America to operate on 100 percent solar energy. Enertiva, a local solar company, will expand the station capacity from 184 to 310 solar panels. Energy consumption represents 25% of the station’s operating costs, so this […]
Taiwan to assist in building Haiti’s electricity grid
August 7, 2018
Taiwan will help Haiti build an electricity grid in Port-au-Prince. The project will strengthen its infrastructure development and secure diplomatic ties between the two nations. The project seeks to upgrade: (1) the existing electrical substations, (2) the electricity distribution networks and (3) the transmission towers. It also seeks to train local people on maintenance of […]
China’s Belt and Road Initiative could boost Caribbean infrastructure projects
August 7, 2018
Recently, China’s Belt and Road initiative – often described as a 21st century silk road – has made its entry into Latin America and the Caribbean. During the second China-CELAC ministerial forum, the two entities signed a special declaration on the belt and road, which led to four LAC countries signing Belt and Road Cooperation […]