Market News - Page 241 of 343 - New Energy Events

Puerto Rico’s Toro Negro is first solar energy community on the island
June 25, 2018
Two national companies, SOMOS Solar and Máximo Solar Industries, with the Fundación Comunitaria de Puerto Rico (FCPR), have partnered with the community organization Comunidad Toro Negro, Inc. to create an efficient solar energy system to power the region. The project will provide off-grid solar energy to 25 families who were left without electricity following Hurricane […]
Costa Rica to invest $500m in clean energy
June 25, 2018
Costa Rica has signed a credit line with the Inter-American Development Bank (IDB) for US$500 million to drive clean energy development in the electricity and transportation sectors. Costa Rican President, Carlos Alvarado, has prioritized decarbonization for the electric sector, and wants to lead in the transportation sector, as well. “A nation that produces 99% of […]
Canada seeks opportunities in Cuba’s renewable energy markets
June 25, 2018
Canadians are looking to invest in following the passage of the Cuban Foreign Investment Law. The President of the Chamber of Commerce and Industry Canada-Cuba, Nancy Lussier, stated that recently Canadian businesses have become more aware of the odds of development on the island, and exports and imports are increasing. While the diplomatic relationship between […]
Puerto Rico Senate approves GHG reduction bill, will spur growth of renewables and efficiency
June 25, 2018
A new climate change bill, with a focus on energy reform, has just been passed in the Upper Chamber of Puerto Rico’s government. Senator Larry Seilhamer, the lead author of the bill, developed measures to reduce greenhouse gas emissions by at least 40% of 1990 levels by the year 2035. The measure establishes policy to […]
Puerto Rico’s governor signs law for partial privatization of PREPA
June 21, 2018
On Wednesday this week, Puerto Rico Gov. Ricardo Rosselló signed a bill to partially privatize the utility Puerto Rico Electric Power Authority (PREPA). The law intends to sell power plants and make a concession of its transmission and distribution system, which could potentially impact the PREPA’s $8.9 billion in outstanding debt. Money from sales would […]
Renewables a Solution for Post-Maria Puerto Rico
June 21, 2018
The Department of Energy of Puerto Rico has drafted a report detailing its vision for rebuilding a resilient energy system in Puerto Rico. To prevent similar situations in the future, the Department of Energy has recommended a modernisation in the transmission and distribution infrastructure in the island and reconsider other sources of energy production. More […]
GreenTech Solar to invest US$20 million for renewable projects in Antigua and Barbuda
June 21, 2018
The Cayman Island solar company, GreenTech Solar, has signed a US$20 million deal to bring renewable energy to Antigua and Bermuda. The solar company will provide 10 MW of renewable power to Antigua and Barbuda which is looking to provide energy to more than 30 sites such as hospitals, schools, movement buildings and car parks. If done […]
Finance sealed for a 51 MW solar park in Jamaica
June 21, 2018
The new solar park, Paradise Park, has sealed a 64 million dollars investment. The project which is majority owned by the French independent, Neoen, while the shareholders are MPC Caribbean Clean Energy Fund and Rekaminar Frontier Ventures. Neoen’s project was the one chosen out of more than 20 bids in an auction launched by the […]
Saint Lucia’s hotel industry wants a piece of renewables boom, urges government to change the law
June 20, 2018
Saint Lucia is making headway towards its renewable energy goals with the approaching commissioning of the 3MW solar farm (which will meet 10% of the 35 percent by 2025 target), but another group could help the island with its goals. The Saint Lucia Hotel and Tourism Association has urged the government to allow hotels and […]