Market News - Page 255 of 337 - New Energy Events

Argentina’s RenovAr projects await investors
July 21, 2017
Argentina’s RenovAr program is ambitious in scope, endeavoring to grow renewables to 20% of the national energy matrix by 2025. RenovAr held two energy auctions which resulted in 59 auctioned projects totaling 2.4 GW of new renewable capacity valued at $4 billion. However, many companies who bid for these projects are still in search of […]
Chile’s solar thermal power plant receives environmental approval
July 21, 2017
SolarReserve received environmental approval from the Chilean government to build the 390 MW solar thermal power station with 5.1 GW of energy storage. The Likana Solar Energy Project in the Antofagasta region of Chile will be able to deliver 390 MW of continuous output at a capacity factor equal to a fossil-fuel power plant. The project […]
Brazil approves resolution to create $750m renewables financing program
July 20, 2017
The Brazilian Senate has approved on Thursday a draft resolution (PRS 25/2017) that authorizes an external credit of $750 million for the financing of the country’s incentive program for renewables, Programa de Financiamento para Energia Sustentável. The additional funds, which will be provided by the Brazilian Development Bank (BNDES) and the Inter-AmericanDevelopment Bank (IDB), will be […]
St Eustatius microgrid to be expanded after successful tests
July 20, 2017
In March 2016, SMA Sunbelt commissioned a 1.89 MW solar PV and 1 MW/572 kWh Lithium Ion (Li-Ion) battery energy storage system on the Caribbean island of Sint Eustatius. The objective of the retrofitted renewable energy plant was, and is, to reduce the diesel consumption of existing diesel generators on the island, thus generating savings […]
Sungrow to provide storage system for PV + storage project in Bahamas
July 20, 2017
Sungrow, the global leading PV inverter system solution supplier, has announced to have provided the entire energy storage system for a PV + storage project in the Bahamas. The highly integrated 500kWh energy storage system, which is customized for the North American C&I market and consists of a 250kW storage inverter and 500kWh of lithium ion […]
Island nations mustn’t pay the price for Trump’s stance on climate change

From our Editorial Team
July 20, 2017
Written by Matthew Perks, CEO, New Energy Events. On 1 June 2017, the day that Donald Trump announced the withdrawal of the US from the Paris Agreement, the New York Times speculated that the impact of the withdrawal would be determined by the global response to the decision. Would countries double down on their efforts to curb greenhouse gas […]
El Salvador: New solar PV plant contributes to lower electricity price
July 18, 2017
A new solar PV plant is contributing to a lower electricity cost in El Salvador. The 25 MW expansion to the Providencia solar PV plant (now totalling 60 MW) is selling power to the national grid at a price of $0.1019/kWh. According to the Consejo Nacional de Energía (CNE), this price is 18% lower than […]
Caribbean and China expand economic cooperation with MOU signing
July 17, 2017
The Caribbean Development Bank (CDB) and the Export-Import (EXIM) Bank of China have signed a memorandum of understanding (MOU) which will allow both parties to discuss opportunities for cooperation and coordination in CDB’s Borrowing Member Countries (BMCs). The MOU will allow both institutions to explore co-financing options, as well as coordinate development strategies, concepts and […]
Caribbean sustainable energy coordination expected with new regional organization CCREEE
July 17, 2017
Jamaica is now a signatory to the Agreement establishing the Caribbean Centre for Renewable Energy and Energy Efficiency, CCREEE. Prime Minister Andrew Holness signed the agreement this morning (July 6) ahead of the start of the final day of discussions at the 38th Regular meeting of the Heads of Government of CARICOM in Grand Anse […]