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Market News

  • Off grid solar grows in Peru

    November 21, 2017

    The British Embassy in Peru, with technical assistance from UK company NGO Practical solutions, has installed a solar energy solution for a rural community in Peru. Located in the Southern remote region of Ocoruro, and at altitudes exceeding 4,000 meters, the solar technology will provide the community of Ocoruro with electricity for schools, medical facilities, […]

  • U.S. to provide $4.3m funding to Caribbean for energy diversification

    November 20, 2017

    The United States State Department announced they will provide $4.3 million in funding to support energy diversification in the Caribbean. Opportunities through the funding will include technical assistance, grant funding for project preparation, and new opportunities for U.S. energy firms and exports.  The announcement of the funding was first made on Wednesday at the U.S. […]

  • 6th application round opens for IRENA and Abu Dhabi renewables fund

    November 20, 2017

    The International Renewable Energy Agency (IRENA), in partnership with the Abu Dhabi Fund for Development (ADFD), is inviting applications for renewable energy projects in developing countries. Within the framework of the ADFD-funded US$350 million (AED1.285 billion) IRENA/ADFD Project Facility, the current funding round of US$50 million in concessional loans marks the sixth of seven annual […]

  • CREF 2017

    Top Five CREF 2017 Takeaways

    From our Editorial Team

    November 13, 2017

    Weeks after Irma and Maria plowed through the Caribbean, over 500 regional and international leaders gathered in Miami for the 2017 Caribbean Renewable Energy Forum. Dialog between stakeholders is increasingly sophisticated and the pipeline of projects is deepening, but now there is a new urgency around discussions driven by the need for islands to rethink […]

  • Nevis geothermal project progress: Drilling rig arrives on island

    November 8, 2017

    Equipment for the first phase of the geothermal development project on Nevis, began arriving on the island following shipping delays due to the recent passage of Hurricanes Irma and Maria, pushing the start-up dates from October to mid-November. Mr. Mc Levon “Makie” Tross, Local Representative for the geothermal developers Nevis Renewable Energy International (NREI), told […]

  • Colombia announces plans for first renewable auction

    November 8, 2017

    Colombia’s Minister of Mines and Energy, Germen Arce Zapata, announced on Friday that the country will hold its first auction for large-scale renewable energy before the current government term ends. The planned tender, which will negotiate contracts for solar, wind and biomass sources, should take place by May 27, 2018, when the next presidential elections will be held. This […]

  • BMR Energy to build solar PV for Jamaican sugar industry

    November 8, 2017

    An important partnership has formed between a leading regional solar developer and Jamaica’s sugar industry. Minister of Industry, Commerce, Agriculture and Fisheries, Karl Samuda, made the announcement at the signing of a Memorandum of Understanding between SCJ Holdings Ltd and BMR Energy LLC. The Monymusk sugar factory in Clarendon, Jamaica will get a solar upgrade […]

  • CARIF Webinar

    Webinar: A New Era of Investment in Caribbean Infrastructure

    From our Editorial Team

    November 2, 2017

    To set the stage for the 2nd Caribbean Infrastructure Forum (CARIF) held on December 11-12 in Montego Bay, New Energy Events and IJGlobal are exploring the investment climate in infrastructure across the Caribbean.  This webinar was held on Thursday, November 16, 2017. Webinar topics include: – Investor & financier perspectives on opportunities for Caribbean infrastructure: which markets […]

  • Grenada road upgrades to be examined with CDB funded study

    November 2, 2017

    Grenada’s roads that link rural communities, cities, and ports are in need of improvement, and a $1.2 million grant will fund a feasibility study for required upgrades. The Board of Directors of the Caribbean Development Bank (CDB) approved a grant of £930,000 (US$1.2 million) to the government of Grenada, to prepare a feasibility study and […]

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