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Market News

  • Jamaica’s renewables push brings economic stability

    June 18, 2018

    The Minister of Industry, Commerce, Agriculture and Fisheries, Hon. Audley Shaw, has argued that the decision to move towards a diversified energy economy has made Jamaica less susceptible to the volatility of oil prices in the global market.  The minster stated that new LNG, wind and solar projects will provide a total of 410 megawatts […]

  • 183 MW wind farm starts operating in Tamaulipas, Mexico.

    June 18, 2018

    The Spanish wind company Acciona, has started commissioning  a 183-MW wind farm (El Cartijo) in Tamaulipas, Mexico. El Cortijo, is now one of the first projects to secure a long-term power auction, and one of the first being developed as a product of  Mexico’s Energy Reform.  This will be Acciona’s fifth wind farm in the […]

  • The Bahamas aims to incorporate 30% of renewables into the national grid by 2030.

    June 18, 2018

    The Ministry of Environment and Housing in the country is working on a plan which will make renewable energy mandatory for the construction of new homes from the Government Subdivisions. This policy will have the objective to bring greater residential energy while promoting and enhancing sustainable development.   Romauld Ferreira, the Minister of  Environment and Housing, […]

  • Solar and energy storage gets a boost in Puerto Rico

    June 18, 2018

    Following the influx of new solar and energy storage developers into Puerto Rico, a new trade group has formed to promote the technologies. The Solar and Energy Storage Association of Puerto Rico (SESA-PR) includes founding members such as Sonnen, Sunrun, Pura Energía, SRInergy, and Tabuchi. The group will dedicate efforts to promoting solar and storage […]

  • Webinar: A new era of investment in LAC geothermal?

    From our Editorial Team

    June 13, 2018

    To set the stage for the 5th Geothermal Congress for Latin America & the Caribbean (GEOLAC) on JULY 17-18 in Mexico City, New Energy Events and ThinkGeoEnergy are exploring the big trends in the regional and global geothermal markets and what those trends mean for the development of projects across the region.  The webinar “A new era of […]

  • Island Resilience

    Why resiliency changes the investor view on the Caribbean energy sector

    June 7, 2018

    Guest Editorial written by Doug Hewson, Managing Partner, Portland Private Equity As we enter the 2018 hurricane season, we are beginning to understand how last year’s monumental storms have impacted private equity’s view on the Caribbean energy sector. It’s no secret that the regional energy sector has many issues: reliance on fossil fuels, sub-scale markets, and […]

  • St. Vincent geothermal project to commence drilling operations in 2019

    June 6, 2018

    After renegotiating the power purchase agreement, St. Vincent and the Grenadines has reset the clock for its geothermal project. The commercial operation date is now set for around June 2021, with drilling anticipated to commence in January 2019.  “The issue, Mr. Speaker, why we have to push it further is because we took so long […]

  • Financing secured for 100 MW solar project in Puerto Rico

    June 6, 2018

    Puerto Rico’s 100 MW Montalva solar project – deemed critical by the U.S. Financing Management and Oversight Board in late April – is lining up a robust financing package. Canada’s Greenbriar Capital Corp has signed $265 million mandate agreement with Pegasus Renewable Energy and Sustainable Infrastructure Credit Advisors LP, a subsidiary of Pegasus Renewable Energy […]

  • Tesla has 11,000 energy storage projects underway in Puerto Rico

    June 6, 2018

    After having completed hundreds of energy storage project on the islands in the last few months, Tesla CEO Elon Musk now says that they have ‘about 11,000’ energy storage projects underway in Puerto Rico, which means something big is in the work. This follows Musk’s announcement from May that Tesla installed batteries at 662 locations […]

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