Market News - Page 292 of 335 - New Energy Events

UKCIF funds to rehabilitate road networks in Antigua-Barbuda and Dominica
July 28, 2016
Plans to rehabilitate the road networks of Antigua and Barbuda, and Dominica are underway via funding from the United Kingdom Caribbean Infrastructure Partnership Fund (UKCIF). A grant for US$245,000 was approved by the Caribbean Development Bank (CDB), to conduct a feasibility study of of road networks in both countries. In Antigua and Barbuda this includes […]
CDB Board Approves Energy-saving Project in Antigua and Barbuda
July 26, 2016
A project aimed at reducing the consumption of fossil fuels in Antigua and Barbuda will be funded by the Caribbean Development Bank (CDB). The Street Light Retrofitting Project will be supported by CDB financing of USD 5.9 million and a contribution of USD 905,000 from the Government of Antigua and Barbuda and the Antigua Public […]
Dominica is CARICOM forerunner in renewable energy use, latest ECLAC report reveals
July 25, 2016
Outcomes from a report by the Economic Commission for Latin America and the Caribbean (ECLAC) show Dominica as the CARICOM member that consumes the largest portion of its energy from renewable sources. The 2008 global financial crisis, and its aftershocks, incentivized the Caribbean island to pursue sustainable energy strategies that reduce dependence on fossil fuels […]
Investors’ neglect of small-scale renewables threatens universal energy access
July 25, 2016
Small-scale renewable energy projects are crucial to meeting the goal of universal access to electricity and clean cooking facilities by 2030, but too many investors are relying on utility scale projects because of the lower risk. Traditional climate financing is not working a decentralized projects are “just not bankable”, says Neha Rai, senior researcher at […]
IDB to invest in geothermal energy exploration in Nicaragua
July 22, 2016
In Nicaragua, the IDB will invest in a project for the exploration and certification of geothermal reserves. The development bank stated the purpose of the project as promotion of renewable energy alternatives and foreign investment in the country. Public and private partnerships are expected to result from this endeavor to consolidate the renewable energy sector; […]
St Kitts-Nevis making substantial advances on the energy front
July 22, 2016
St. Kitts and Nevis is taking strides to become the “first green country in the world”, said Prime Minister Dr. Timothy Harris at a recent geothermal forum organized by OECS and CARICOM. A power purchase agreement (PPA) has been completed and the Ministry of energy expects to have 5 MW of power being generated by […]
New wind farm in the cards for St Lucy
July 22, 2016
Despite initial setbacks, a new 12 MW wind farm will soon begin construction in St. Lucia. Although the grid can presently accommodate 45 MW and the Renewable Energy Rider (RER) program has not reached full capacity, progress is slow as feasibility studies are carried out. Barbados Light & Power Company (BL&P) will construct the wind […]
Green climate fund approves loan for 143 MW solar project in Chile
July 22, 2016
The South Korea-based Green Climate Fund approved a loan for a large-scale PV project in Northern Chile. The site will have an initial capacity of 143 MW, though future expansion could put total capacity at 250MW. Project implementation will be done by Sonnedix, a US-based company. While Chile’s government has taken measures to attract renewable […]
T&T gov gets $300m loan from CAF
July 21, 2016
As part of a plan to bolster tax revenue and cushion reductions of subsidies, the Development Bank of Latin America or Corporacion Andina de Fomento (CAF) will provide a grant of US$300 million to Trinidad and Tobago. Falling energy prices have had a negative impact on the country’s fiscal balance and the “Support Programme […]