Market News - Page 312 of 335 - New Energy Events

BMR Wind Farm to start production soon
January 25, 2016
With nine out of eleven wind turbines installed, BMR Jamaica is nearly ready to start energy production. During the 20-year PPA, the 36.3 MW wind farm will sell electricity to JPS for 12.9 cents per kwh. During the year-long construction of the farm, 737 Jamaicans were employed in the project.
Mexico and Cuba considering joint natural gas project -minister
January 24, 2016
Reuters reported that Mexican and Cuban energy officials are looking into sending natural gas from Mexico’s state-run oil company to Cuba. Mexico is a major exporter of crude oil but to date has not exported natural gas. Economy Minister Ildefonso Guajardo said, “this is a project that we are just beginning to explore.” Read more […]
El Salvador plans to reach a 40% share of geothermal in energy mix by 2019
January 24, 2016
The government of El Salvador announced that it plans to strive to obtain 40% of its national electricity supply from geothermal power. In a statement, the Secretary of Communications of the Presidency of El Salvador, Eugenio Chicas said that this plan aims to source more of its energy from renewables. “The expectation is that at […]
Geothermal is the key to lower electricity prices in the Caribbean, says CDB
January 23, 2016
In a recent interview, Warren Smith, President of the Caribbean Development Bank and CREF Speaker, said that “geothermal is the key to cheaper electricity” in the Caribbean. Caribbean islands have great geothermal potential that could help islands to transition away from dependency on foreign oil and volatile pricing, while developing a reliable and clean energy source. […]
Chile goes big on solar
January 20, 2016
At 200 meters tall and with over 10,600 mirrors, Atacama 1 is expected to be the largest solar plant running on a single tower in the world. The plant is expected to generate 110 megawatts 24/7. Chile is already well-known for renewable energy initiatives and the tower is hoped to be its newest triumph in solar PV. Business […]
Peru: Rural electrification benefits over 1,300 localities
January 20, 2016
Infrastructure projects in Peru’s Northern Cajamarca region will help 200,000 inhabitants in over 1,300 rural communities to gain access to electricity services. The Energy and Mines Ministry’s Rural Electrification Department (DGER) has developed a series of projects over the last four years and in 2015 completed work that will favor residents from Cajamarca’s provinces such […]
UAE provides $46m in loans for renewable energy projects in Africa and Caribbean
January 19, 2016
The Abu Dhabi Fund for Development (ADFD) has committed $46 million in loans for renewable energy projects in developing countries, including a wind and solar project in Antigua and Barbuda. The fund is a collaboration with the International Renewable Energy Agency (IRENA) and the loans are the 3rd cycle of funds ADFD provided to bolster sustainable […]
St. Lucia Electricity Services and government sign agreement
January 18, 2016
A new renewable energy task force is forming as St. Lucia Electricity Services Limited (LUCELEC) get ready to begin the process of constructing a 3.2 MW solar power plant. On Thursday, LUCELEC signed an agreement for the development of an Integrated Resource Plan (IRP) with the Government of Saint Lucia that includes a provision for […]
Danny Gutierrez appointed Belize’s first Ambassador to CARICOM
January 17, 2016
Belize’s newly appointed Ambassador to CARICOM, Danny Gutierrez, says that he is committed to making 2016 a year of action. “The hard work of our colleagues who diagnosed our hurdles and proposed a strategic plan must be matched by action… The best years of CARICOM lie ahead,” said Gutierrez in a statement released from Guyana. […]