Market News - Page 308 of 343 - New Energy Events

Solar power over-produced in Chile
June 4, 2016
Solar capacity on Chile’s central power grid has quadrupled to 770 MG over the last three years. This rapid increase has led to the decrease of electricity costs for consumers. Chile currently has 29 solar farms online and 15 more in the pipeline. Some regions are in fact oversupplied with power and the Chilean utility, […]
Jamaica: turning energy debt into development
June 3, 2016
Jamaica has restructured its agreement with Petrocaribe, the credit finance arrangement that gives member countries discounts and preferential terms for the oil they purchase from Caracas. Earlier this year, the cash strapped Latin American country agreed to cancel Jamaica’s $3 billion of Petrocaribe debt in exchange for a lump sum payment of $1.5 billion. Jamaica now […]
Peru attractive market for renewable energy investments
June 3, 2016
Peru is pursuing renewable energy on a number of fronts – hydro power in the Andes, wind power in Ica, Piura and Lambayeque, solar in Tacna and Moquegu, and geothermal energy. Peru is currently 9th and 11th for hydro and geothermal power projects in in world, according to the latest Renewable Energy Country Attractiveness Index—RECAI by […]
Announcing Investment Summit in Havana to Explore Role for International Investors in Cuban “Energy Revolution”
June 2, 2016
Outside Havana, few people had heard of Cuba’s decade-old “energy revolution” until recently. The revolution, which seeks to radically overhaul the island’s energy matrix, has a price tag of approximately US$3.5bn, much of which will need to flow from international sources. The US embargo, however, deterred all but the most intrepid of investors. Now, though, the […]
Mexico issues draft guidelines for second power auction
June 2, 2016
Mexico’s second clean energy power auction is scheduled to be held on September 30th of this year. Recent nationwide reforms opened the energy sector for private investment. The move has been extremely popular with international players like Enel Green Power, SunPower and Recurrent Energy – all who won clean energy certificates (CLEs) under the first auction. […]
St. Lucia: LED lighting to cut government spending on electricity by a third
June 2, 2016
The installation of LED bulbs in street lamps is expected to cut government spending on electricity by one third annually. Savings will total $6 million per year. The board of directors of the Caribbean Development Bank approved $9.5 million in funds for the project. Saint Lucia’s Energy Minister, Hon. Dr. James Fletcher, stated that the […]
Peru’s wind, solar output rises 54% in April
May 31, 2016
Over the past year, Peru experienced a tremendous growth in wind and solar generation. Total power reached 4,293 GWh, a 9% increase from the previous year thanks to the 97 MW CE Tres Hermanas wind park in the Ica region. Hydropower plant output grew 7.1% on the year to 2,369 GWh, while thermal plants generated […]
Uruguay to export wind energy to Argentina
May 31, 2016
Wind farm developer Ventus and Argentinian energy trader, Saesa, have signed a deal to export electricity through their respective energy companies. As Uruguay’s wind sector expands, with total capacity expected to hit 1.2GW by the end of 2016, the opportunity to trade with Latin American neighbor has become even more promising. Argentina has a deep […]
Online course on geothermal exploration offered for Latin America & Caribbean professionals
May 29, 2016
A “Basic Course in Geothermal Exploration for Regional Integration” will be offered by the National Energy Board of El Salvador, the University of El Salvador and LaGeo, in collaboration with the Inter-American Development Bank (IADB). Two sessions will be offered online, starting on July 18th and 25th respectively, and running for 8-9 weeks. The course has […]