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Renewables

  • Nicaragua’s renewable energy market continues to grow

    July 4, 2018

    Even though the social and political situation in Nicaragua has been unstable in the last couple of months, the investments in the renewable market –  particularly in the geothermal industry – have remained stable and strong. Geothermal developer Polaris Energy recently stated that geothermal plant Jacinto-Tizate has generated US$14.7m this year, which represents a growth […]

  • Haiti explores access to Green Climate Fund

    July 3, 2018

    Haiti’s Ministry of Environment and the United Nations Development Program (UNDP) have organized a two-day information workshop to advise project developers from the private sector, academia and policy makers on how they can access the Green Climate Fund (GCF), which has the objective to fund projects which help fight global warming. Martine Thérer, Deputy Representative […]

  • Japan commits $17.8m to Guyana’s renewable energy development

    July 3, 2018

    The Government of Guyana has secured a deal with Japan for US$17.8M dedicated to renewable energy  development and system efficiency improvements. This grant will also provide US$1.3M for energy saving LED lights, which are expected to fund 10,930 units of LED streetlights. This investment will be used to improve the efficiency of the power system […]

  • Cuban business forum looks to increase investment opportunities with Caribbean

    July 2, 2018

    More than 14 countries from the LAC region attended a business forum in Cuba, with the objective to increase the islands commercial and investment relationship with the greater Caribbean. Cuba has been open to investments from the region and wants to continue carving a path forward. The President of the Chamber of Commerce in Cuba, […]

  • Dominican Republic now generating 22% of energy from renewables

    June 27, 2018

    The Dominican Republic is reaching its targets for renewable energy production, as set out under the Paris Agreement. In addition to reducing fossil fuel consumption, these targets will aid in lowering energy costs and mitigate GHG emissions. Today, the country generates 3,703 MW of total electric capacity, in which 22% is produced by renewable resources. […]

  • India explores investment in Cuban renewable energy

    June 27, 2018

    Last week the president of India, Ram Nath Kovind, visited the island in an effort to expand the economic and commercial relationship within the two countries. The presidents of both India and Cuba, Ram Nath Kovind and Miguel Díaz-Canel respectively, jointly stated India’s interest in the Cuban economy is primarily driven by the pharmaceutical, science, […]

  • IDB to invest $20m in renewable energy in Nicaragua

    June 26, 2018

    The Inter-American Development Bank is investing $20m in small and medium renewables enterprises in the country. Nicaragua is already obtaining 54% of its total energy production from renewable sources including geothermal, solar, biomass, hydro, and wind. This new line of credit provided by the IDB will keep strengthening the industry and help Nicaragua reach its […]

  • Climate Mitigation

    Costa Rica to invest $500m in clean energy

    June 25, 2018

    Costa Rica has signed a credit line with the Inter-American Development Bank (IDB) for US$500 million to drive clean energy development in the electricity and transportation sectors. Costa Rican President, Carlos Alvarado, has prioritized decarbonization for the electric sector, and wants to lead in the transportation sector, as well. “A nation that produces 99% of […]

  • Canada seeks opportunities in Cuba’s renewable energy markets

    June 25, 2018

    Canadians are looking to invest in following the passage of the Cuban Foreign Investment Law. The President of the Chamber of Commerce and Industry Canada-Cuba, Nancy Lussier, stated that recently Canadian businesses have become more aware of the odds of development on the island, and exports and imports are increasing. While the diplomatic relationship between […]

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