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Renewables

  • Green fund launch to promote investments for a resilient Caribbean

    August 14, 2018

    The CEO of Virgin, Richard Branson, and two dozen Caribbean nations have launched a multi-million-dollar initiative to help turn the hurricane-vulnerable region into a green tech hub resistant to disasters. The initiative – which is backed with an initial US$ 4m investment – will push to replace fossil fuel-dependent utilities with low-carbon renewable energy sources, […]

  • LUCELEC welcomes hotel-generated renewables, decision lies with regulator

    August 7, 2018

    St. Lucia Electricity Services Limited (LUCELEC) and the St. Lucia Hotel and Tourism Association (SLHTA) are in agreement that hotels on the island could generate up to 20% of their electricity needs from their own renewable energy systems. Removing the current 25kW generating cap for systems could help the island in its transition to renewable […]

  • IDB $20m credit line for El Salvador will ease financing for sustainable energy

    August 7, 2018

    The Inter-American Development Bank (IDB) is set to loan US$ 20m to El Salvador to enable investment in renewables and energy efficiency for small and medium enterprises (SMEs). The loan program will be complemented by a non-reimbursable technical cooperation of US $ 1.7 million aimed at developing energy savings measurements and financial risk transfer instruments […]

  • IRENA wants a clean energy corridor in Central America

    August 3, 2018

    The International Renewable Agency (IRENA) is promoting the creation of a clean energy corridor (CECCA) in Central America, which could promote cross-border trade of renewable energy in the region and could potentially increase the use and infrastructure of clean resources. To properly execute this, IRENA has been focusing its research on addressing issues related to […]

  • Barbados to explore offshore renewable energy

    August 3, 2018

    Barbados has received funding from the Inter-American Development Bank (IDB) and the European Union (EU) for renewable energy projects. The Government of Barbados will use the funds to explore offshore projects, focusing on ocean thermal energy, fixed offshore wind, and floating offshore wind projects. The island’s Public Sector Smart Energy Program has called for studies […]

  • Puerto Rico wants to increase renewable energy output to 40 percent

    August 1, 2018

    The governor of Puerto Rico, Ricardo Roselló, stated that the objective of the island is to increase the use of renewable energy to 40%. This, the governor stated, will give the citizens of the islands alternatives, regulate prices, independence and will help protect the environment and fight climate change. This statement goes in line with […]

  • Private sector playing big role in Central American Renewable Market

    August 1, 2018

    The number of renewables projects in Central America has been growing and attracting international investments, which have helped promote the development of innovative and clean projects. Today, in most countries of the region, private investments have surpassed public investment, which aim to promote decentralized projects throughout the country. The region produces 54.4% of their total […]

  • Promising results at Nevis geothermal drilling site

    August 1, 2018

    Thermal Energy Partners (TEP) has provided details on their successful drilling efforts on the Island of Nevis. This discovery has made the company confident that the resources in the island are economically viable and have the potential to supply power to the island resident and industries. Given the high temperatures of the geothermal resources, TEP […]

  • Dominican Republic understands potential of renewable energy

    August 1, 2018

    Ángel Cano, executive director of the National Commission of Energy, has stated that the institution has remained committed in developing a cleaner, more reliable and more efficient industry by investing in renewable projects, in line with the political agenda of the federal government. In a seminar, which discussed technology and energy regulation, Angel Cano, was […]

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