Market News - Page 291 of 386 - New Energy Events

Nevis geothermal resource ranks in top six reservoirs in the world
March 27, 2018
Nevis’ geothermal resource is being characterized as one of the top six geothermal reservoirs in the world. Thermal Energy Partner’s Big-Data Analytics approach (that determined Nevis as a commercial-grade resource) was confirmed by GeothermEx’s team during a recently completed geothermal flow and injection test. GeothermEx says its findings confirm the requisite temperature and flow necessary for a sustainable supply of geothermal […]
CDB loan will fund Dominica’s electricity restoration and resilience planning
March 27, 2018
The Caribbean Development Bank will provide USD16 million in funding to Dominica Electricity Services Limited (DOMLEC), to assist with the restoration of electricity generation services. As of January 2018, less than 20 percent of electricity services had been restored from devastating Hurricane Maria that wiped out 75 percent of the islands electricity. The project will […]
Full steam ahead at Nevis geothermal reservoir
March 20, 2018
High temperatures and adequate steam from Nevis’ geothermal reservoir has project developers elated, with testing completed and production well drilling expected to commence this summer. On March 16, 2018, Robert Stacy, Senior Reservoir Engineer at GeothermEX shared that the resource is promising. “[There are] high temperatures down at resource at commercial grades to produce power,” […]
St. Lucia geothermal project in public consultation phase
March 19, 2018
St. Lucia’s geothermal project is engaging stakeholders as they prepare for exploratory drilling; important, as past geothermal activities left a bad impression for St. Lucians. Last week the government held a public consultation bringing together stakeholders including private consultants and the World Bank to discuss the project and plans for future exploration. Project leaders brought […]
Puerto Rico’s governor won’t commit to electricity price at 15 cents/kWh
March 15, 2018
Gov. Ricardo Rosselló did not commit Friday to bring the price of electricity to 15 cents per kilowatt-hour (kWh) as requested by Puerto Rico’s industrial and manufacturing sector, also insisting that the regulator must be a key component in efforts to control the electricity price. Rosselló also said the Puerto Rico Electric Power Authority (PREPA) […]
Tech companies flock to Puerto Rico to create “city of the future”
March 15, 2018
Puerto Rico is working with companies including Tesla, AT&T and others in the blockchain space to tackle the unprecedented infrastructure overhaul needed post-Hurricane Maria. Companies such as Google, Tesla and Virgin Atlantic are involved in discussions to revitalize locations like airports and others across Puerto Rico. Omar Marrero, Executive Director of the Puerto Rico Public-Private […]
U.S. Fed official recommends Puerto Rico grid start from scratch
March 15, 2018
New York Federal Reserve Bank President, William Dudley, said that Puerto Rico should “start from scratch” rebuilding its already outdated power infrastructure after deadly Hurricane Maria last year devastated it. The U.S. Fed has authority over the territory. The Hurricane marks the worst natural disaster in 90 years and the largest government bankruptcy in U.S. […]
IFC funding to encourage clean energy development in Nicaragua
March 15, 2018
Small and medium size entrepreneurs in Nicaragua are getting a big financial lift from a new IFC program. A member of the World Bank Group, IFC is structuring a will provide up to $115 million in financing to Nicaragua’s Banco LAFISE BANCENTRO, S.A., meant to boost access to credit for small and medium entrepreneurs and […]
Puerto Rico’s solar rooftops are getting storage for increased resiliency
March 14, 2018
Puerto Rico’s Houston-based solar developer, Sunnova wants to add batteries to its solar rooftop installations. Many rooftop panel systems lost power during the hurricane outages because the panels operate via the utility, PREPA. If solar rooftops have batteries, they can still work during grid outages. Sunnova continues to lose revenue on its downed systems, and […]