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Off-grid solar ready to take off in Peru
December 6, 2016
A nonprofit is working in Peru to get power to remote communities using solar technologies. An estimated 3 million people in Peru don’t have access to power, largely because of the remoteness of the villages where they live.“From the Andes to the Amazon, folks are really spread out,” said Michael Callahan, CEO of PowerMundo, a […]
Infrastructure finance giant relocating to Panama
December 6, 2016
The Inter-American Corporation for Infrastructure Financing (CIFI, http://www.cifi.com), a leader non-bank financial institution dedicated to run projects in Latin America and the Caribbean, is set to move its headquarters from Washington D.C. to Panama City. The objective of this measure is to leverage closer to the region to further boost its activity there. Since the beginning […]
Guyana: clean energy gets a boost from local bank
December 5, 2016
Guyana’s clean energy sector is about to get a boost from local bank – Demerara Bank Limited (DBL) – which is now fully powered by solar PV at a cost of GYD$27.5m. The bank says it will offer a special eight percent interest rate for companies and businesses interested in installing similar technology. The 25,000 square foot […]
Chile reforming energy policy with $100m IDB loan
December 5, 2016
The Inter-American Development Bank (IDB) approved a $100m loan for a programme to improve Chile’s energy sustainability through reforms in the sector, helping the country reach its goal of 20% non-conventional renewables by 2025. Under the programme, Chile will develop a long-term energy policy, which aims to encourage the use of renewable energy sources, boost competition in […]
New Energy Insights: Pim van der Burg, CIBC First Caribbean
December 2, 2016
New Energy Events is pleased to announce a new series of concise and incisive interviews – New Energy Insights – with leading industry players. We’ll be putting five market-critical questions to each of our interviewees over the course of a highly digestible five minute segment. We’re calling them Five-In-Five. As a warm up to next week’s Caribbean infrastructure […]
Barbados renewable energy surge expected
December 1, 2016
Barbados renewable energy is set to grow over the next 12 to 18 months and Energy Minister, Senator Darcy Boyd, is anticipating a doubling in renewable energy production. The Minister in the Office of the Prime Minister with responsibility for Energy and Telecommunications, the Hon. Senator Boyd spoke to the projections as he noted that over […]
Chile announces 400 MW wind tender
December 1, 2016
Chile has launched a new tender for wind energy to be developed near the remote northern city of Taltal. The land has potential for almost 400 MW of wind energy, said Chile’s energy minister, Andres Rebolledo. The latest tender will be awarded to the company that offers the government the highest rent, including a fixed […]
Japanese geothermal targets Latin America
November 30, 2016
Mitsubishi Hitachi Power Systems Ltd., a venture between Mitsubishi Heavy Industries Ltd. and Hitachi Ltd., is eyeing Latin America to export its geothermal turbines, hoping to supply equipment for projects backed by Japan’s aid agency. The company, which announced winning an order in October to supply a 55-megawatt turbine for a project in Costa Rica, […]
Grid upgrades and more renewables for Dominican Republic
November 30, 2016
The Dominican Republic will be getting 1250 MW of new non-oil energy and significant upgrades to the electric distribution system in the next three years. Executive VP of the Dominican Republic state energy holding company, CDEEE, Ruben Jiminez Bichara said he expects the new energy to come online, including 234 MW of wind, 172 MW […]