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Market News

  • Enel Green Power to invest $5.1 billion in Latin America between 2015-19

    August 10, 2015

    Latin America’s renewable energy industry is about to receive a major boost. Enel Green Power (EGP) plans to invest 53% of its $8.8 billion dollar renewables budget into Latin America. While the majority of these projects will be solar and hydro powered, a portion of the funds will be used for the development of the […]

  • Seawater Air-conditioning Studied in the Caribbean

    August 7, 2015

    A study commissioned by CAF and the France Development Agency on seawater air-conditioning was recently completed by Makai Ocean Engineering in Montego Bay, Jamaica and Puerto Plata, Dominican Republic. According to the study results, the benefits of such systems include: Energy and cost savings approaching 90 percent compared to conventional air conditioning. Stable costs that […]

  • Geothermal Tests in Grenada Yield Positive Results

    August 6, 2015

    Geothermal surveys and testing in Grenada has yielded positive results. The presence of a rock/clay cap indicates that there is likely to be hot water and steam underground that can be tapped for electricity generation. Additionally, water at the site was found to be non-corrosive, which means that it can be pipped to the Earth’s […]

  • 981 MW of Solar Projects to be Constructed in LAC Region in Q2 of 2015

    August 6, 2015

    According to GTM research, nearly 1 gigawatt of solar projects will enter into construction phase in the second quarter of 2015. While the majority of these projects are under construction in Chile, several are underway in Mexico and Jamaica.

  • RFP – Supply of up to 37 MW (Net) of Electricity Generation from Renewable Energy Resources

    August 4, 2015

    The Office of Utilities Regulation (the Office or OUR) hereby invites interested entities to submit proposals for the provision of new Generating Capacity from renewable energy sources up to 37 MW (Net) to the national grid of Jamaica on a Build, Own and Operate (BOO) Basis. View the full RFP here.

  • Climate Change

    Climate Change and Rising Sea-Levels a Serious Concern for the Caribbean

    August 4, 2015

    An estimated two-meter rise in sea-level caused by climate change over the next few decades will leave many Caribbean residents and businesses with no choice but to rebuild or relocate. “Approximately 1,300 km square metres of land area will be lost. That’s equivalent to Barbados plus Antigua & Barbuda plus St Vincent & the Grenadines, […]

  • Geothermal training course started in El Salvador

    August 4, 2015

    For the fifth year in a row, the National Energy Council, the University of El Salvador and the geothermal company LAGEO, the NDF and the Inter-American Development Bank are hosting a five-month Geothermal Diploma Course in El Salvador. The program will train ten professionals from El Salvador and 15 professionals from the Latin American region. The […]

  • New report unveils pathway to affordable, sustainable energy in Dominican Republic

    August 4, 2015

    An efficient, renewable-based energy system could save the island nation up to US$25 billion over the next 15 years Washington, D.C.—Earlier last month, at the Energy Ministry of the Dominican Republic in Santo Domingo, the Worldwatch Institute presented analyses and recommendations to government officials and energy stakeholders to support a transition to a sustainable energy […]

  • Renewables Investment in Cuba Expected to Hit $6 Billion in Upcoming Years

    August 3, 2015

    Renewables investment is set to skyrocket in Cuba. As the Caribbean’s largest supplier of renewable energy, the US is poised to work with Cuba to transition away from fossil fuels. Biofuel, biomass, hydroelectric, wind and solar are some of the green energies that Cuba will tap into over the next years. Energy-efficiency and energy-savings programs […]

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