Market News - Page 325 of 346 - New Energy Events

Mexico’s efforts to promote efficient lighting goes nationwide
January 7, 2016
An article published by the World Bank highlights six cases of progress in renewable energy across the globe. Mexico stands out for cutting household electricity bills by 18% and eliminating 1.4 millions tons of CO2 emissions. This was done through the distribution of nearly 23 million energy-savings for free.
St. Lucia Government Installs Solar
January 5, 2016
As part of its plan to source 35% of energy from renewables by 2020, the government of St. Lucia has installed PV systems at the National Mental Wellness Centre and the headquarters of the National Emergency Management Organization. Permanent Secretary in the Ministry of Sustainable Development and CREF speaker, Sylvester Clauzel, said that the installation will […]
Nicaragua: Moderately Productive Well Drilled at San Jacinto Geothermal Site
January 4, 2016
Polaris Infrastructure recently drilled the first of three new production wells at the San Jacinto geothermal project site in Nicaragua. Polaris reports that measurements for temperatures indicate that the well will be moderately productive, although real results will be available after a 30 – 60 day heating-up period.
Jamaica: Wigton expansion on schedule
January 3, 2016
The 24 MW expansion of Jamaica’s Wigton Windfarm is scheduled to be completed on time and within budget. Spanish wind-company Gamesa commenced construction of the $45 million project in April 2015 and has thus far installed 12 wind turbines, a transmission line, substation and control building. Moving forward, construction will include equipment testing and grid […]
Energy efficiency upgrades saves Jamaican business $.5 million monthly
December 30, 2015
A food and household product distribution company is saving over a half million dollars monthly thanks to energy efficiency upgrades and a solar system. The electricity bill, which previously ran between $1 million and $800,000 per month is now $280,000. In addition to spraying the roof of its warehouse with foam and upgrading an out-dated […]
Gamesa to build four wind farms in Costa Rica
December 29, 2015
Gamesa and Iberdrola Ingenieria have signed a contract with Globeleq Mesoamerica Energy to build 80 MW of wind power in Costa Rica. The project will be broken up into four 20 MW wind farms. Gamesa will manufacture wind turbines and deliver them during Q2 of 2016. Iberdrola will manage the engineering, procurement and construction of […]
T &T experiences 15% job loss in energy sector in 2015
December 28, 2015
According to an article published by the Trinidad Express, Trindad and Tobago saw a 15% drop in energy jobs in 2015. The Central Bank of Trinidad and Tobago reported a loss of 3,200 jobs during the first half of the year, 2800 of which were eliminated during the second quarter of the year. Additionally, the […]
Caribbean countries warned to look for alternative sources of oil post-PetroCaribe
December 27, 2015
The recent election of President Nicolas Maduro in Venezuela may disrupt the delicate balance of the PetroCaribe energy agreement. Maduro’s coalition announced that it is going to take the agreement under critical review. Tomas Guanipa, a deputy of the National Assembly said that Venezuela “cannot continue selling oil in 20 years when we are in need of […]
IDB issues loan for renewables in Honduras
December 26, 2015
The Inter-American Development Bank (IDB) has issues a US$40 million loan to the Honduran government for investment into further development and integration of renewables into the country’s energy mix, particularly solar PV. The Honduran power sector initiated a reform in 2014 with the aim of strengthening the institutional capacity and sectoral regulatory framework, and improving […]