Market News - Page 249 of 337 - New Energy Events

Ecuador to improve electricity sector with $220m funding from IDB and JICA
November 2, 2017
Funding totalling $220 million will support Ecuador’s expansion and strengthening of electricity infrastructure and reducing fossil fuels. The Inter-American Development Bank (IDB) has approved a $150m loan for Ecuador to help the country expand, strengthen and improve the operational efficiency of its power sector. The 25-year loan includes a 7.5-year grace period, LIBOR-based interest rate, […]
Guatemala’s El Ceibillo geothermal project receives $3.4 million from GDF fund
November 2, 2017
The Guatemalan El Ceibillo geothermal project is a recipient of a $3.42 (EUR2.91) million grant from the German Development Facility (GDF) for Latin America for further development drilling. The grant represents an approximate 40% cost share for drilling up to three production wells, with a total estimated program cost of $8.81 (EUR7.486) million. If the […]
Haiti receives $35 million World Bank grant to scale up renewable energy
November 2, 2017
A World Bank project will infuse $35 million into Haiti’s economy to to scale up renewable energy investments and improve electricity access for Haitians. The project – which entails two grants from two separate World Bank grant programs – will consist of two components: 1) grid-connected energy, such as solar PV to demonstrate viability, while […]
Jamaica’s health infrastructure overhaul makes progress
October 31, 2017
Jamaica’s healthcare infrastructure will be assessed over the next six months to ascertain improvements needed. The Minister of Health, Dr. the Hon. Christopher Tufton, said the assessment will determine what the needs are in terms of specialist care, additional beds and operating theatres, among other things. These improvements will benefit many facilities that will receive […]
WRB Serra Partners Closes Fund I at $46.5 Million
October 26, 2017
On October 12, Florida-based private equity firm WRB Serra Partners successfully closed Fund I with committed capital of $46.5 million. The capital is sourced from a mix of family office and institutional investors, along with the Overseas Private Investment Corporation. WRB Serra Partners is an active investor in renewable energy, energy efficiency, and water infrastructure […]
Colombia launches pilot program for electric vehicles
October 25, 2017
Colombia inaugurated its pilot program for electric vehicles with an aim to introduce nearly half a million EV’s in the market over the next decade. The Ministry of Mines and Unidad de Planeación Minero Energetica (UPME) published the plan on October 19, called Programa Piloto de Vehículos Eléctricos para el Sector Oficial or, “Electric Vehicles […]
Tesla moves into Puerto Rico and USVI
October 25, 2017
U.S. Virgin Islands Senator Janette Millin Young, in a release issued late Monday, said her office has been in communication with Tesla and its SolarCity subsidiary, to come up with temporary and perhaps long-term solutions to provide energy services to the U.S. Virgin Islands. Tesla is currently working with government officials in Puerto Rico on a plan to […]
CDB technical assistance grant to kickstart grid modernization and energy storage
October 25, 2017
The Board of Directors of the Caribbean Development Bank (CDB) has approved a US$350,000 grant to assist utilities and relevant stakeholders across the region to develop, plan and design energy storage and grid modernisation solutions, which could accelerate the Caribbean’s shift to clean energy. The technical assistance, provided through the Canadian Support to the Energy Sector […]
Caribbean Development Bank receives EU funds to bolster geothermal industry
October 25, 2017
The Caribbean geothermal market has received an injection of EUR 12 million (14.1 million USD) from the European Union Caribbean Investment Facility (EU-CIF) to support geothermal exploration in the Eastern Caribbean. The EU-CIF will provide the EUR 12 million in grant funding to the Caribbean Development Bank via the GeoSmart Initiative. The GeoSmart Initiative was developed […]