Market News - Page 247 of 349 - New Energy Events

IDB to invest $20m in renewable energy in Nicaragua
June 26, 2018
The Inter-American Development Bank is investing $20m in small and medium renewables enterprises in the country. Nicaragua is already obtaining 54% of its total energy production from renewable sources including geothermal, solar, biomass, hydro, and wind. This new line of credit provided by the IDB will keep strengthening the industry and help Nicaragua reach its […]
Vestas to enter Panama’s renewable market
June 26, 2018
Vestas, the Spanish wind turbine company, will supply equipment to the 66 MW Toabré wind park, owned by Elecnor. The country is increasingly investing in the renewables sector as it has a goal to produce half of its electricity from renewables by 2050. Vestas is present in over 79 different countries and this order highlights […]
El Salvador publishes guidelines for 28 MW tender
June 26, 2018
El Salvador’s energy industry is open for business. Seeking to acquire 28 MW, the government is requesting bids to total 20 MW from solar energy and 8 MW from biogas. The public bid process will start the 14th of August of this year and will end the 12th of December. The winners from this bid […]
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 […]