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Market News

  • Markets seek more progress on Caribbean geothermal

    November 23, 2016

    In a market-wide poll taken at the 2016 Caribbean Renewable Energy Forum (CREF), delegates overwhelmingly responded that islands are not acting quickly enough to develop their geothermal resource. While regional progress has been closely tracked – particularly the uptick in the past year – we have yet to see proven steam. Montserrat is digging its third well, […]

  • Unlocking aviation’s benefits in Latin America and Caribbean

    November 23, 2016

    The aviation industry in Latin America and the Caribbean (LCR) can support economic development in the region through job creation and planned infrastructure. According to the International Air Transport Association (IATA), passenger demand will more than double between the years of 2015 and 2035, thus creating 3 million jobs over that period and contributing US$204 […]

  • Chile connects Latin America’s largest solar plant to the national grid

    November 23, 2016

    Acciona Energía has completed the 246 MW El Romero solar plant in record time, says general manager José Escobar. Located in the Atacama desert of Chile, the US$343 million plant is the largest in Latin America, featuring 776,000 polycrystalline silicon PV modules that are spread over a 280 hectare area. The plant is designed to […]

  • Jamaica energy minister says acquisition of LNG significant

    November 22, 2016

    The arrival of LNG to Jamaica signals a significant effort to continue with diversification of energy sources on the Caribbean island. Already having the largest wind and solar installations in the English-speaking Caribbean, the Government is attempting to drive down the cost of energy and provide cleaner options to the people of Jamaica. Minister of […]

  • Barbados to assess Ocean Thermal potential

    November 22, 2016

    Barbados is taking steps to determine whether the ocean will be able to provide electricity and potable water for its citizens. Next year, Barbados will conduct a prefeasibility study to assess the potential for Ocean Thermal Energy Conversion (OTEC). Senator Darcy Boyce, Barbados Energy Minister, made the announcement at the Caribbean Water-Energy Nexus Dialogue hosted […]

  • Saint Lucia case study looks to new energy future

    November 22, 2016

    The Government of Saint Lucia (GoSL), and the national electric utility, LUCELEC, identified a need and an opportunity to improve the resiliency and cost-effectiveness of the electricity sector using the island’s local resources. A national energy strategy (NETS) was developed jointly by GoSL and LUCELEC, based on independent analysis from Rocky Mountain Institute and Carbon War Room (RMI-CWR) […]

  • CARICOM Spotlights Energy: Caribbean Citizens Urged To Support Efforts

    November 22, 2016

    CARICOM Secretariat is moving to increase the participation of Caribbean citizens in new energy programs via planned Energy Month events. It is important for residents “to really understand the energy situation in the region and what is being done on the macro scale to provide the right size solutions,” said Dr. Devon Gardner, Programme Manager […]

  • Guyana Is Evidence of the Pitfalls of Chinese Aid and Investment in the Caribbean

    November 22, 2016

    The promises of a new-style development from the Chinese may in fact be more “gilded than gold” as evidence of this truth is found in China’s relationship with Guyana. The Caribbean has become home to many Chinese-built infrastructure projects; earlier this year Chinese workers flocked to Jamaica to complete a US$730 million mega-highway. But in […]

  • IRENA Report: Dynamic policies driving renewable energy growth in Latin America

    November 22, 2016

    Latin America hosts some of the world’s most dynamic renewable energy markets, according to IRENA. Countries in the region are endowed with renewable resources that make for unprecedented opportunities in solar, wind, hydro and geothermal energy. The rapid reduction in technology costs help to buoy the business case for renewables investment and with the right […]

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