Market News - Page 327 of 343 - New Energy Events

Jamaica Ripe For Foreign Direct Investment
November 10, 2015
According to Jamaica’s Minister of Science, Technology, Energy and Mining the Hon. Phillip Paulwell, investor confidence is growing toward the potential for revenues from green energy in Jamaica. He said that the US$89 million 36.3 megawatt wind farm being developed at Potsdam, Malvern in St. Elizabeth is an indicator that Jamaica is ripe for direct foreign […]
Geothermal Potential in Montserrat
November 9, 2015
Multi-million dollar tests carried out by Icelandic experts on the island of Montserrat indicate promising potential to generate power using geothermal energy. Montserrat currently has the highest rates in the Caribbean with residential customers paying $0.50 per kilowatt-hour for electricity, compared to the regional average of $0.33. In 2013 the UK Department for International Development […]
Antigua and Barbuda’s green energy push
November 6, 2015
Antigua and Barbuda are working hard to capitalize on an abundant supply of sunshine and green energy. A solar farm at Antigua’s newly-redeveloped VC Bird International Airport will have an installed capacity of 3 MW and the government is planning the placement of 2 MW installations on government buildings around the island. Additional plans to utilize […]
Dominica gets first electric vehicle
November 6, 2015
Transmission and distribution manager Lemuel Lavinier says taht a new electric vehicle is among a list of energy, efficiency and renewable initiatives at Dominica Electricity Services Ltd (DOMLEC). The Nissan Leaf was sourced in Barbados at a cost of EC$122,439 and selected because of its popularity and high safety ranking on the U.S. National Highway […]
Cuba sets renewable energy goals
November 5, 2015
Cuba has big plans to achieve renewable energy goals as restrictions on foreign investment are slowly lifted. Although the participation by U.S. firms is still hampered by the embargo, which requires a special license from the Office of Foreign Assets Control, the Cuban market represents potential for both U.S. equipment manufacturers and investors. Capital investments […]
Barbados to benefit from $9 million EU energy boost
November 5, 2015
An agreement signed between Barbados and the European Union is part of a plan to cement relations between the Caribbean and the Union. The EU will invest US$9.1 million to develop the local energy sector under the Barbados National Indicative Programme (NIP). Disbursed under the 11th European Development Fund (EDF), the investment will support the […]
Mexico: Grupo Dragon gets First Private Geothermal Energy Concession
November 4, 2015
Grupo Dragon will be the first private company to take advantage of geothermal resources in Mexico, said CEO of Dragon, José Pablo Fernandez. The concession agreement is for a project located in San Pedro Lagunillas, Nayarit, where, in the first phase 25 MW will be generated by next summer. Another 25 MW will be added […]
US firm to develop biodiesel plant in Jamaica
November 4, 2015
The Jamaican government and HERO BX, one of the largest producers of biodiesel in the US, are considering a partnership to develop the first commercial-scale biodiesel plant in Jamaica and the Caribbean. According to Minister of Industry, Investment and Commerce Anthony Hylton, the project aims to “improve the business environment, facilitate economic growth and create […]
Grand Bahama Power to Introduce Solar to Energy Mix
November 4, 2015
The Grand Bahama Power Company (GBPC) hopes to help residents of the Bahamas take advantage of solar energy once generation technology is introduced to the energy mix in 2016. The Renewable Energy Rider rate (RER) will allow GBPC customers the opportunity to sell energy back to the grid, from residential solar PV, wind turbines and other […]