Market News - Page 246 of 337 - New Energy Events

St. Vincent island to get first solar-battery-storage microgrid
January 16, 2018
In mid-2018, St. Vincent and the Grenadines will be connecting its first microgrid to its power system. The EPC contract was signed in late December between St. Vincent and the Grenadines utility, VINLEC, and Curacao solar energy firm, EcoEnergy, N.V. for the utility’s first solar battery storage microgrid. The system, to be built on the […]
Seven Caribbean countries will receive assistance from UAE fund
January 15, 2018
The second round of the UAE-Caribbean Renewable Energy Fund was launched on the sidelines of Abu Dhabi Sustainability Week, taking place this week. The second round will see the $50 million fund establishing partnerships with 7 Caribbean countries, including the Dominican Republic, Belize, Grenada, Guyana, Saint Kitts and Nevis, and Saint Lucia. Dr. Thani bin Ahmed Al […]
EU aids Barbados move toward renewable energy self-sufficiency
January 15, 2018
Barbados is taking strides to transform its economy away from dependence on fossil fuels to renewables and energy efficiency, and a new 3 year program with the EU is providing support in this effort. The European Union sent 1.12 million euros to Barbados and will eventually contribute a total of 3 million euros to aid […]
El Salvador will build 100 MW solar PV with $15m financing from Finland
January 15, 2018
El Salvador’s renewable energy share is steadily growing, and an injection of $15m for a solar project will see that share increase further. Marking FinnFund’s first entry into El Salvador, the Finnish development financier will provide $15 million in loan funding to build 100 MW of solar PV across rural areas. Ten solar power plants […]
CDB’s $76m program for St. Kitts and Nevis to improve energy infrastructure
December 14, 2017
The Caribbean Development Bank (CDB) has announced a program of assistance of $76.2 million for St. Kitts and Nevis over the period 2017 to 2021. The Bank’s Board of Directors approved the new strategy, which will support economic and social development, environmental protection and infrastructure enhancement. The program is built on three pillars: environmental protection […]
$17.6b rebuild plan for Puerto Rico features distributed generation
December 14, 2017
A $17.6 billion plan to rebuild and modernize Puerto Rico’s electric power system was released on 11 December. Prepared by more than a dozen entities, including the island’s electric power authority (PREPA), the 63-page plan calls for a decade-long series of projects and operational improvements. The plan is aimed at building an electric power system capable of surviving […]
Mexico leads the way for distributed solar
December 14, 2017
Mexico has retooled their energy regulations, and it seems to be paying off. By 2025, billions of dollars will be flowing into the Mexican economy as distributed energy technologies are expected to exceed 8 GW, with solar playing a huge role in this growth. This year alone, Mexico is expected to double its distributed generation […]
Guatemala launches renewables and efficiency focused national energy plan
December 14, 2017
This week Guatemala launched a national energy plan that aims to reduce emissions of greenhouse gases in the country by 29.2% by 2032. Prepared by the Ministry of Energy and Mines (MEM), the plan has the goal to acheive reductions through the promotion of renewable energy and energy efficiency. According to the Minister of Energy, […]
Groundbreaking ceremony for Jamaican LNG plant
December 14, 2017
On Friday New Fortress Energy and Jamalco broke ground for the construction of a 94 megawatt US$265 million (J$33.3 billion) liquefied natural gas-fueled combined heat and power plant at Jamalco’s Halse Hall headquarters in Clarendon. New Fortress Energy will invest $1 billion in Jamaica over the next several years, for this project with an estimated […]