Market News - Page 295 of 340 - New Energy Events

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 […]
Can carbon trading break the Caribbean free of fossil fuels?
August 18, 2016
CARICOM nations are under pressure to reduce carbon emissions and stem the import of fossil fuels. Carbon trading would provide the credits for lowering verified sources of emissions, an attractive possibility for Trinidad and Tobago which has a largely unregulated oil market and the second-highest carbon emissions per capita in the world. Caribbean reliance on […]
Report: Jamaica to put final touches on 33 MW PV project
August 17, 2016
An agreement with Eight Rivers Energy Co Ltd (EREC) and the Jamaican government , for a 33.1 MW solar facility in Westmoreland, is almost complete. Both parties will be represented at the 2016 Caribbean Renewable Energy Forum. Construction is scheduled to start by 2017 and power supply should commence in 2018. Energy and Technology Minister […]
MEO Australia: Oil Production Forecast in Cuba
August 15, 2016
Australian firm MEO Australia will join Canadian giant Sherritt International as the only foreign petroleum companies operating in Cuba. MEO Australia has signed a Production Sharing Contract (PSC) with Union Cuba Petroleo (CUPET) for exploration of “Block 9” in the newly liberalized Caribbean country. The Australian firm released a report saying that they have studied […]
Ministers welcome acquisition by Virgin Group of renewable energy company in Jamaica
August 15, 2016
The Ministers in Jamaica are enthusiastic about the acquisition of Blue Mountain Energy (BMR) by Virgin Group CEO Sir Richard Branson. Minister of science, energy and technology, Dr. Andrew Wheatley, supports the purchase as “the kinds of investments that can lead to even bigger and better things”. Minister of finance and public service, Audley Shaw, […]
Despite Lower Oil Prices, Renewable Still An Attractive Option, Says IFC
August 12, 2016
The IFC is confident that renewable energy investment is attractive regardless of this year’s drop in oil prices. The International Financial Corporation estimates that a country can absorb between 25 to 35 percent of renewable energy before intermittent nature of renewable energy disrupts the base-load capacity of any generation system. The IFC has partially funded […]
Motembo, Politically Strategic Oil for Cuba
August 11, 2016
An Australian company, Meo Australia, may have found 8 billion barrels of oil in Cuba – and then again it may not have. Found in Motembo, the “potential” resource could sustain the country for roughly 7 years, but would not be available for extraction until 2018. It may be politically strategic, however, to begin receiving […]
Richard Branson to acquire BMR Jamaica Wind Limited
August 11, 2016
Richard Branson has purchased BMR Jamaica Wind Ltd and its United States-based parent BMR Energy. Priced at US$89.9 million, the project involves 11 3.3 MW wind turbines that will add power to Jamaica’s national grid, sold to the utility at US$0.129 per KWh. Branson, owner of the Virgin Group, said that his decision was not […]