Market News - Page 242 of 337 - New Energy Events

Puerto Rico’s governor won’t commit to electricity price at 15 cents/kWh
March 15, 2018
Gov. Ricardo Rosselló did not commit Friday to bring the price of electricity to 15 cents per kilowatt-hour (kWh) as requested by Puerto Rico’s industrial and manufacturing sector, also insisting that the regulator must be a key component in efforts to control the electricity price. Rosselló also said the Puerto Rico Electric Power Authority (PREPA) […]
Tech companies flock to Puerto Rico to create “city of the future”
March 15, 2018
Puerto Rico is working with companies including Tesla, AT&T and others in the blockchain space to tackle the unprecedented infrastructure overhaul needed post-Hurricane Maria. Companies such as Google, Tesla and Virgin Atlantic are involved in discussions to revitalize locations like airports and others across Puerto Rico. Omar Marrero, Executive Director of the Puerto Rico Public-Private […]
U.S. Fed official recommends Puerto Rico grid start from scratch
March 15, 2018
New York Federal Reserve Bank President, William Dudley, said that Puerto Rico should “start from scratch” rebuilding its already outdated power infrastructure after deadly Hurricane Maria last year devastated it. The U.S. Fed has authority over the territory. The Hurricane marks the worst natural disaster in 90 years and the largest government bankruptcy in U.S. […]
IFC funding to encourage clean energy development in Nicaragua
March 15, 2018
Small and medium size entrepreneurs in Nicaragua are getting a big financial lift from a new IFC program. A member of the World Bank Group, IFC is structuring a will provide up to $115 million in financing to Nicaragua’s Banco LAFISE BANCENTRO, S.A., meant to boost access to credit for small and medium entrepreneurs and […]
Puerto Rico’s solar rooftops are getting storage for increased resiliency
March 14, 2018
Puerto Rico’s Houston-based solar developer, Sunnova wants to add batteries to its solar rooftop installations. Many rooftop panel systems lost power during the hurricane outages because the panels operate via the utility, PREPA. If solar rooftops have batteries, they can still work during grid outages. Sunnova continues to lose revenue on its downed systems, and […]
Venezuela will finance solar projects with “Petro” cryptocurrency
March 14, 2018
The Venezuelan government intends to finance solar energy projects using its recently launched state cryptocurrency, “Petro”. Petro is a cryptocurrency developed by the government of Venezuela, and backed by its oil and mineral reserves, which raised $735 million in the first day of a pre-sale in February. Facing the current economic crisis, the government hopes […]
Japan’s development agency sets up shop in Cuba
March 12, 2018
The Japan International Cooperation Agency (JICA) opened an office in Havana to assist in the country’s infrastructure development. Cuba requested support for its transportation and energy sectors and JICA intends to expand cooperation between the two nations with the opening of a Cuban office. Cuba’s Foreign Trade and Foreign Investment Minister, Rodrigo Malmierca Diaz, said the […]
Construction starts for 25 MW solar farm in Dominican Republic
March 9, 2018
A groundbreaking ceremony held in the Dominican Republic officially kicks off the construction of the first phase of the Solar Canoa project. Developers Emerald Solar Energy, a joint venture between Canada’s Potentia Renewables and the Dominican Republic’s Cisneros, are building the first of two 25 MW phases expected to be operating in a year. The […]
St. Lucia geothermal project shares new documents ahead of stakeholder meeting
March 7, 2018
The Government of Saint Lucia (GoSL) proposes to conduct the Saint Lucia Geothermal Resource Exploration Project within the Soufrière, Choiseul, and Laborie regions of Saint Lucia to assess the feasibility of commercial development of geothermal resources in Saint Lucia. The government released this week several documents, including: Draft Environmental & Social Impact Assessment Stakeholder Engagement […]