Market News - Page 289 of 335 - New Energy Events

Shell Plans to Divest Gulf of Mexico Assets for $425M
September 2, 2016
A merger between Royal Dutch Shell and BG Group has resulted in the decision by Shell to sell off assets in Mexico worth US$425 million. The deal between Netherland’s Shell and the British BG is worth $50 billion and forced Shell to increase its borrowing in order to maintain its dividend policy at a time […]
Costa Rica break record for renewable energy generation
September 1, 2016
In Latin America, Costa Rica continues to prove itself as a renewable energy powerhouse. This year Costa Rica has run infrastructure for 122 days strictly with renewable energy and is now aiming for a year without fossil fuels. This success continues from 2015, when the Country was powered for 285 days by renewable sources. Costa Rica […]
Costa Rica adds 165 MW of geothermal to the pipeline
September 1, 2016
Another 165 MW of geothermal energy is in the pipeline for Costa Rica. An expansion of the Las Pailas plant is expected to generate between 35 and 55 MW starting in 2018. The Central American country leads in Latin America when it comes to the utilization of geothermal energy; a total of 207 MW of […]
Breaking Down Barriers to Renewable Energy Development in the Caribbean
September 1, 2016
According to a recent article in Renewable Energy World, the Caribbean is at the forefront of renewable energy leadership in the Post-COP21 policy environment. The significant level of knowledge accrued by local companies, who have access to new technologies and engineering skills, has driven interest from private investors from the U.S., Europe and Asia. Fossil […]
Spain and Cuba solar associations form alliance
August 31, 2016
A partnership for the development of the Cuban solar industry has formed to share experience and technical expertise between Cuba and Spain. The strategic alliance was signed last week enabling the Spanish solar association (UNEF) and Cubasolar to move forward with plans for 700 MW of solar PV by 2030. Cuba currently has an installed […]
Mexico’s Renewable Energy Revolution
August 30, 2016
Legislation in Mexico has created a positive growth environment for renewable energy industries. Following the collapse of oil prices last year, Mexico opened its power sector to the private sector to increase participation in power generation and commercialization. In March, the government bought 2.1 GW for US$2.6 billion and will seek to buy between US$2.6 […]
Solar takes at least 6% of Chile’s largest power auction with record low tariffs
August 25, 2016
In an auction without subsidies, solar developers have won 720 GWh of capacity in Chile’s largest-ever power auction. Endesa won about 47% of the tender with an offer not tied to specific projects, while Accion Energia said it will build 183 MW wind facility at La Arauncía. Although wind power dominated the auction, taking 5.8GWh […]
Bermuda gets ready for 6-MW solar tender
August 22, 2016
A new solar power facility will be constructed adjacent to the LF Wade International Airport in Bermuda. The Government of Bermuda has issued an open call to pre-qualify companies seeking to take part in the tender for a two-phase project; the first phase will consist of 6 MW of power and the second phase will […]
Irish renewable energy firm lands $1.65bn contract in Chile
August 19, 2016
An Irish renewable energy firm, Mainstream Renewable Power (MRP), recently beat out 83 competitors to build seven wind power plants in Chile. The US$1.65 billion project will provide a total 12,000 GWh of electricity under a 20-year operating agreement. MRP has notable experience in the renewables field, having produced more than 2,000 MW across more […]