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Barbados Renewable Projects Financed by CDB
August 23, 2015
Barbados renewable projects to receive a boost in funding. Between 2015 and 2018, Barbados will receive $224 million in financing from the Caribbean Development Bank (CDB), a sponsor of the 2015 Caribbean Renewable Energy Forum, for sustainable development projects. Outlined in the agreement between the CDB and the government of Barbados are strategic pillars that all […]
CNE announces second El Salvador renewable auction for 150 MW
August 21, 2015
Renewable auction announced for El Salvador. Following on the heels of the 2014 100 MW tender, the National Energy Council (CNE) announced that it will soon hold another renewable auction in El Salvador for 150 MW of “non-traditional” renewable power contracts for projects to come online in 2018. According to Adam James’ of Greentech Media, one of […]
Dominica Awarded EU Funding for Solar Project
August 21, 2015
A 125 KW solar system will be installed in the Kalinago Territory of Dominica this year. It is scheduled to go live at the end of September 2015. The $400,000 system is funded by the European Union through the Caribbean Community Climate Change Center (5cs). The project will be managed by DCH Energy GMBH of Germany and local residents […]
Jamaica Energy Minister Hails LNG Deal
August 18, 2015
According to Energy Minister Phillip Paulwell, the Jamaica Public Service Company Limited (JPS) and New Fortress Energy have signed an agreement on the supply of liquefied natural gas to fuel the generation of electricity in Jamaica. As part of this agreement, New Fortress Energy will provide LNG for a diesel plant in Montego Bay. While Jamaican […]
Costa Rica Hits 94 Days of 100% Renewable Energy Generation
August 17, 2015
During the 94-day period between May 8th and August 9th, Costa Rica generated 100% of its electricity from renewable energy. Earlier this year, Costa Rica generated 100% of its electricity from renewables for a period of 75 days. Costa Rica has had 188 days in which 100% electricity was generated from renewables. According to the Costa […]
SunEdison: TerraForming the Latin American Solar Landscape
August 15, 2015
With 4% of the 2015 global solar market and a forecasted 39% compounding growth rate through 2020, the Latin American solar market is attracting high-powered developers. According to the Latin America PV Playbook from GTM Research and Adam James of Greentech Media, SunEdison installed over 30% of utility-scale PV in Latin America in the last 18 […]
Chile Mines Powered with Renewables
August 13, 2015
Codelco, a state-owned copper mine in Chile, has cut their 67,000 annual barrels of diesel usage by 80% through the installation of 3,000 solar panels. In a country in which competes for the world’s highest energy prices, the cost-savings through renewables are considerable.
Mexican Geothermal Projects in the Works
August 13, 2015
Groupo Dragon and the Federal Electricity Commission are in talks to develop a Mexican geothermal project. According to feasibility studies, 700 MW of Mexico’s potential 5000 MW can be easily developed.
Ormat closes $42 refinancing for Amatitlan Geothermal Plant in Guatemala
August 13, 2015
Updates regarding the Amatitlan Geothermal Plant in Guatemala. In their second quarter results report, Ormat Technologies disclosed a $42 million loan agreement to refinance the Amatitlan geothermal plant in Guatemala with Banco Industrial S.A. and its affiliate Westrust Bank. Funding is expected shortly. Here to read the full press release.