Market News - Page 318 of 354 - New Energy Events

British biomass JV targets renewable energy in Cuba
June 9, 2016
A British firm is seeking to generate renewable energy from the byproducts of Cuban sugarcane production. Esencia, a UK-based holding company for Havana Energy, is working to construct the first of five biomass plants on the island. Robert Miller, director of Britain’s Cuban Solidarity Campaign (CSC) said, “We hope that this long worked-for venture will help […]
Dominica: geothermal projects should not be on back-burner
June 8, 2016
UK Parlimentary Under Secretary of State for International Development, Baroness Sandip Verma, paid an official visit to Dominica this week. She expressed the UK government’s interest in long term economic development in a statement: “You obviously have a vision for your country,” she said to the Hon. Prime Minister Skerrit. “We also have a vision […]
French development agency to back 100-MW solar project in El Salvador
June 7, 2016
Proparco, a unity of the French Development Agency, will fund a 100 MW solar project in El Salvador. The USD 30 million (EUR 26.4m) will displace an average of 163K MWh of thermal power generation a year via the Providencia Solar power plant, located near the Monsenor Oscar Arnulfo Romero International Airport outside San Salvador. The […]
Mexico: EU Funded GEMex project to Develop Geothermal Energy
June 5, 2016
Starting in the autumn of 2016, an EU-funded geothermal project will seek to make geothermal energy cost-effective and affordable both for electricity and heat production. GEMex is an international project that was selected in a joint call launched by the European Union and Mexico. The EU and Mexico will contribute equally to the €20 million […]
British solar company lights the way for utility-scale solar in Cuba
June 5, 2016
After half a century of isolation and dependence on foreign oil, Cuba is building an energy portfolio derived from the wind, sun and sugar. Hive Energy has secured a contract with the island nation to deliver 50 MW of solar power. Upon completion, the project is expected to generate up to 93 GWh of electricity […]
Latin America On Track To Install 2.2 GW Of Solar PV In 2016, Says GTM
June 4, 2016
Renewable energy markets are getting ready to boom in Latin America, says Greentech Media. Recent auctions saw solar outcompete all other technologies in the region; solar walked away with 20% of the offered capacity in Chile, 63% in Brazil, 40% in Peru, and 72% in Mexico. In 2017, GTM expects Mexico to install 2 GW, […]
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 […]