Market News - Page 300 of 345 - New Energy Events

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 […]
Scotland just produced enough wind energy to power it for an entire day
August 11, 2016
Blustery weather in Scotland is making a case for wind-power and other forms of renewable energy in the country. On August 7th, stormy weather enabled wind turbines to create 106 percent of the total electricity demand used by homes and businesses. This outcome empowered WWF Scotland Director, Lang Banks, to push the Scottish government to […]
CDB approves funding for a more climate-resilient Caribbean transport sector
August 10, 2016
The Caribbean Development Bank (CDB) will provide US$768,000 in funding to address damage to Caribbean road networks, caused by natural hazards. Financing will enable a study on approaches for constructing road infrastructures that are more resilient to the effects of climate change. CDB director of projects, Daniel Best, noted that agencies of the bank’s borrowing […]
Polaris completes drilling program at San Jacinto-Tizate, Nicaragua
August 10, 2016
A third new geothermal well, completed by Polaris Infrastructure, will come online this month in Nicaragua. Drilling of the production well at the San Jacinto project, SJ 9-4, indicates a zone of high permeability; the well was completed at a depth of 1,525 meters. Polaris expects to have SJ 9-4 connected to San Jacinto power […]
JinkoSolar signs three solar PPAs for its 188MWac projects in Mexico
August 8, 2016
The solar market is becoming increasingly competitive and in Latin America. Mexico has attracted the interest of Chinese solar PV firm, JinkoSolar Holding Co., Ltd. The company signed 3 PPAs with the Mexican Federal Electricity Commission (CFE), to provide 188 MW of solar energy beginning in 2018. Electricity generated will be sold to the CFE […]