Market News - Page 287 of 396 - New Energy Events

Mexico announces new US$50m program for geothermal development
August 1, 2018
Mexico announced a new geothermal risk transfer program aimed at reducing exploratory risk and financial barriers for developers. The program, developed by the Inter-American Development Bank through the Clean Technologies Fund with NAFIN, SENER, and INEEL has the objective of increasing geothermal electricity capacity in Mexico by easing several key barriers. The financing component of […]
Honduras using solar energy to provide energy to rural communities
August 1, 2018
The government of Honduras has been investing in renewables projects which now represent 61% of the total energy supply of the country. The expansion in the renewable industry has also allowed for policies which help bring electricity to rural communities in the country. Specifically, the Minster of Community Development, Mario Pineda, explained how this boom […]
Eight new solar farms to be completed in Cuban municipality this year
August 1, 2018
Sancti Spíritus, a municipality in the centre of the island, wants to increase the energy efficiency, distribution and capacity of the island by increasing the use of renewable sources, specifically of solar. Carlos Miseael Rodriguez, director of the National Electrical Grid of the municipality, stated that by the end of the year, eight new solar […]
EU companies lead investments in Latin America renewables
August 1, 2018
Companies from the European Union are leading the investments for renewable energy projects in Latin America. From 2005 to 2017 the investments towards the industry grew from 3% to 18%, representing two-thirds of the total companies involved in the sector, more for the industries of solar and wind energy projects. This has been particularly important […]
Private companies in Panama investing in solar energy
August 1, 2018
Toda a Dollar, a Panamanian wholesale company, has invested in two solar power installations for two of its main distributors, both located in the city of Panama. The first project will have the energy capacity of 70.2 kWp and consists of 216 solar power. The project is expected to generate 103 Kwh annually. The second […]
Germany to loan US $62m for solar project in Dominican Republic
July 30, 2018
The German development finance institution DEG, has arranged for a USD $62m long term loan for 116 MW solar plant, Montecristi, in the Dominican Republic – the biggest solar farm in the Caribbean. Montecristi, whose first phase of 58 MW has recently been finalized, is due to be completed in the summer of 2019, and […]
Caribbean islands increasing investment in electric vehicles
July 30, 2018
Given the costs on imported fuel for energy, Barbados and other Caribbean islands are boosting the number of electric vehicles on their roads. However, the expansion does face challenges, mainly due to the high initial costs, stiff import duties on electrical vehicles and a lack of regulatory support. However, more and more, island governments are […]
Chile has potential to attract US$ 20b in investments for geothermal
July 30, 2018
The Geothermal Roundtable of Chile has issued its final report which highlights the potential of creating over 3,800 MW of geothermal energy. Requested by the Geothermal Council of Chile and the Ministry of Energy, the report comes at the conclusion of 13 workshop sessions with the Geothermal Roundtable which were held during 2017. In terms […]
Jamaica forecasts expansion and investment boom in renewable sector
July 24, 2018
The Jamaica Promotions Corporation (JAMPRO) is forecasting an expansion for both business and investment in the islands’ economy, specifically for the sectors of manufacturing, tourism, agriculture, and renewables. JAMPRO stated that the current Government is developing an integrated resource plan to increase investments projects in the renewable industry. Ms. Edwards, the president of JAMPRO, stated: […]