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El Salvador solar gets $50m funding
November 22, 2016
El Salvador might be seeing more solar in its future. The Obama administration announced its intention to provide further funding for renewable energy worldwide, including solar projects in El Salvador. The Overseas Private Investment Corporation (OPIC), the US government’s international finance division, will commit $50m towards eight utility-scale solar PV projects in El Salvador. These projects will […]
Enel Peru begins construction for 180 MW solar
November 21, 2016
Enel Green Power Peru has started construction of the 180 MW Rubi solar PV plant in the Moquegua District of Mariscal Neito Province. The $170m solar project will have the capacity to generate 440 GWh per year, and once completed will be the largest solar project in Peru Rubi is expected to begin commercial operation in 2018. […]
Projects In Cuba Face Uphill Struggle For Funding
November 20, 2016
Despite high hopes for business development in Cuba, two major factors inhibit European banks from lending to the fledgling economy. The threat of sanctions from the U.S and Cuba’s “rock-bottom” debt rating give bankers in France, the UK, Germany and Switzerland pause, thus stalling big and small projects alike. The sanctions problem originates with a […]
Chile plans 1GW solar park
November 17, 2016
Chile plans to develop a 750 MW to 1 GW solar park to support the mining industry in the Atacama region. The new solar park, “Solar District” will need $4 billion of investment and create 3,000 jobs in the process. Plans for the solar park were announced at COP22 in Morocco by environment minister, Pablo […]
$50m funding round opens through IRENA and Abu Dhabi fund
November 16, 2016
Opening its fifth funding round, IRENA and the Abu Dhabi Fund for Development further cements its commitment to renewable energy in developing regions, providing concessional loans for developing countries renewable energy projects. This funding round of $50 million is part of a larger $350m program to provide support to renewable energy projects endorsed by IRENA. The […]
Latin America to Take the Temperature of Paris Agreement at Climate Summit
November 15, 2016
Experts and leaders from the countries of Latin America headed to Marrakech, Morocco last week in search of clear rules to help them push forward on the goals designed at the COP21 conference in Paris last year. Three fields have been identified as key to transforming the region’s economies: technology, technical capabilities, and financing. Negotiators from […]
Brazil investment mission to Saint Lucia and OECS
November 15, 2016
A large group of Brazilian investors and parliamentarians arrived in Saint Lucia on November 11th for a Mission to explore direct and joint investment opportunities in over 11 areas. The Mission, titled “Um Porto de Opportunidades” (A Port of Opportunities), is a cooperative effort between the Brazilian Embassy, Saint Lucia Government, Invest Saint Lucia (ISL) […]
27% renewables for Dominican Republic?
November 14, 2016
National Energy Commission (CNE) director Juan Rodriguez Nina sees renewable energy growth in the Dominican Republic to leap to more than a quarter of the national energy matrix in 2018. Adding to the two large scale plants inaugurated this year – 30MW San Pedro Bioenergy Plant and 50MW Larimar Wind Farm – Rodriguez Nina anticipates another 50MW […]
EU pledges over €70 million to Latin America and the Caribbean
November 13, 2016
The European Union has pledged over €70 to “improve the conditions of people within the Community of Latin America and Caribbean States (CELAC).” The funding is part of a €74 million sustainable development program in accordance with the “Transforming Our World: the 2030 agenda for Sustainable Development”; it intends to support a transition towards sustainable […]