Market News - Page 332 of 340 - New Energy Events

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.
Globeleq Warns of Unexpected Costs in New Markets
August 12, 2015
According to Jay Gallegos, CEO of Globeleq Mesoamerican Energy and CAMRIS 2015 speaker, abrupt changes in law, regulatory uncertainty and financially insecure utilities add unexpected costs to developing projects in new markets. “It’s a minefield of risks,”said Gallegos, “that end up occurring as you work on these projects, and many of them cost you.” In […]
US Geothermal starts drilling 2nd well in Guatemalan project
August 11, 2015
U.S. Geothermal Inc. has announced significant developments in geothermal projects. The Company’s subsidiary, U.S. Geothermal Guatemala, started drilling well EC-2 at the El Ceibillo Project this week. At the El Ceibillo project in Guatemala, drilling started on Well EC-2 which has a planned depth of 1,968 feet (600 meters). EC-2 will test a high temperature anomaly […]
Grenada & St. Lucia to Establish Energy Regulatory Commissions
August 11, 2015
St. Lucia and Grenada will establish national energy regulatory commissions in an effort to “establish and operationalize a regional approach to the development and regularization of the electricity sector.” According to Bentley Browne, Director of the Organization of Eastern Caribbean States’ Division on Social and Sustainable Development, “the current legal and regulatory framework in many of the […]
CDB commits US$120 million to Caribbean Renewable Energy Fund
August 10, 2015
Following the IDB’s pledge of $600 million for a Caribbean Renewable Energy Fund, the Caribbean Development Bank (CDB) has pledged an additional $120 million. CDB President Warren Smith wrote that, “the existence of a multi-donor facility will allow participating donors to leverage the resources they have available to support this transformation.”