Market News - Page 243 of 337 - New Energy Events

Cuba shifts to solar with $45m OPEC loan
March 2, 2018
Cuba is getting an injection of $45m from OPEC Fund for International Development (OFID) to improve access to renewable energy. The $45m loan will fund two solar PV plants in Eastern Cuba and solar powered water heaters for industrial and residential use. OFID is a multilateral financial institution aimed at assisting low-income countries in different […]
British Virgin Islands discuss renewable energy transition
March 1, 2018
Tortola, British Virgin Islands, March 1, 2018—The Ministry of Communications and Works, the Ministry of Natural Resources and Labour, British Virgin Islands Electricity Corporation, and Rocky Mountain Institute (RMI) convened last week to discuss BVI’s Resilient National Energy Transition Strategy (R-NETS). The group discussed the key priorities for BVI’s future energy system, the scope of […]
Antigua and Barbuda will use cryptocurrency to develop renewable energy
March 1, 2018
The government of Antigua and Barbuda has signed off on a plan to let CNET Antigua, a private sector consortium of development and renewable energy players, conduct an ICO that aims to support development efforts in the Caribbean nation. The so-called “ICO for Development” (ICOD) will see the organization selling the Antigua & Barbuda Development Coin (ADC) to fund a variety […]
JPS breaks ground for 24.5 MW flywheel/battery hybrid facility
February 28, 2018
In April 2019, Jamaica will complete the first-of-its-kind hybrid storage facility in the Caribbean. One of the largest facilities being installed in the world this year, this hybrid facility will be comprised of flywheels and lithium-ion batteries. The project will be built at a cost of $21.6m USD. JPS president and CEO Emanuel DaRosa noted: “This […]
Havana Energy announces second biomass plant in Cuba
February 28, 2018
Following the 62 MW Ciro Redondo biomass plant, the British-Chinese group Havana Energy is moving ahead with another 62 MW biomass plant at Mario Muñoz sugar mill. The project, estimated at a cost of $140 million investment, is expected to begin later this year and take two years to complete. The significant investment marks the […]
Dominica geothermal plant in final stages of price negotiation
February 28, 2018
The government of Dominica is currently in final negotiations with DOMLEC, the power utility of Dominica, on the price of power and the power tariff for the planned geothermal power plant. This power tariff will the determine at what tariff electricity can be made available to Dominica and the consumers. According to Ian Douglas, Minister […]
Jamaica investing in energy efficiency
February 23, 2018
The Government of Jamaica has allocated $765 million to implement new energy efficiency measures. The Ministry of Science, Energy, and Technology will lead the design and implementation of energy cost-saving measures in the public sector. Planned changes include developing national guidelines for the disposal of hazardous waste, implementing an EE and EC baseline awareness survey, […]
EU to help Dominica build critical infrastructure, including geothermal
February 22, 2018
Hurricane-ravaged Dominica will receive EUR3.52 million (US$ 4.3 million) from the European Union to help the country rebuild its water infrastructure. This assistance is part of a larger package of EUR8.9 million (US$11 million) to rebuild Dominica following damage from Hurricane Irma. The EU is also assisting the government establish a legal framework for geothermal development. A […]
Barbados launches energy modernization programme
February 20, 2018
Barbados has officially launched its energy programme to drive investment towards renewable energy and modern natural gas infrastructure. The project is being funded through a US$34 million loan from the Inter-American Development Bank (IDB). Senator Darcy Boyce, Minister of Energy for Barbados, said the programme formed part of the island’s thrust towards becoming one of the […]