Market News - Page 298 of 345 - New Energy Events

Cuba’s Future Looking Sunny with Solar Power
September 10, 2016
Savings of over half a million dollars in fossil fuel spending has motivated Cuba to further invest in renewable energy infrastructure projects. The Pinar 220 solar park near Pinar del Rio in western Cuba uses 12,080 PV panels, has fed almost 6 GW of electricity to Cuba’s national grid and generates an average of 12 […]
Argentina 1GW Tender Attracts 6.37GW of Bids
September 9, 2016
Developers hungry to get into the Argentinian renewable energy market showed up in a big way for the tender, applying to sell 6,366 MW of power in an October auction – more than six times the amount the government called for. “I’ve never expected 6,000 megawatts,” Energy Minister Juan Jose Aranguren told reporters in Buenos […]
Passage of PROMESA Means Bright Future Ahead for Puerto Rico Renewables
September 8, 2016
The Puerto Rico Oversight, Management and Economic Stability Act (PROMESA) will aid Puerto Rico in restructuring its $72 billion debt, which should to ease the ability for clean power projects to receive financing. The new law enables energy and infrastructure projects to be designated as “critical” by a fiscal control board, thus moving along more […]
Geothermal energy exploration in Antigua
September 6, 2016
A partnership between the Government of Antigua and Texas-based Thermal Energy Partners could provide geothermal energy to power a turbine 24 hours a day. Prospecting in the southwest of Antigua and Barbuda will begin once an MOU has been signed between the two entities; the Antiguan Cabinet has thus authorized the Prime Minister to sign […]
Brazil Cancels A-3 Energy Auction
September 5, 2016
Lack of demand is the reason for Brazil’s Ministry of Mines and Energy canceling this years A-3 energy auction. The tender was supposed to contract new energy projects to start power supply on January 1, 2019. Two more auctions are scheduled for 2016 for hydropower, solar and wind power. Read the full story here.
Breaking Down Barriers to Renewable Energy Development in the Caribbean
September 5, 2016
A recent article in Renewable Energy World says that 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 […]
Think GeoEnergy on small-scale geothermal
September 3, 2016
Small-scale geothermal projects in the Caribbean have the potential to to speed up development in the industry and drive growth in related industries across the region. Geothermal is often associated with utility-scale projects due to the risks associated with feasibility of development. Small-scale projects may provide off-grid solutions for isolated areas and island grids. The […]
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 […]