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Renewables

  • St. Vincent moves forward with 10-15 MW geothermal project

    September 20, 2016

    The Energy Unit and the St. Vincent Geothermal Company will host two public meetings next week to discuss the ongoing geothermal energy project near the La Soufriere Volcano. As work continues on the 10 to 15 MW plant, the two agencies have decided to host sessions to inform the public of advancing plans. The first […]

  • Nevis Geothermal Developer Signs MOU with Antigua and Barbuda

    September 15, 2016

    Antigua and Barbuda signed a Memorandum of Understanding with Thermal Energy Partners (TEP) to develop a 10MW geothermal project. This is Thermal Energy Partners second MOU in the Caribbean, signaling the company’s further commitment to the region. Read more here: http://www.caribjournal.com/2016/09/03/antigua-barbuda-develop-geothermal-energy/#

  • Minister Liburd: Federation seeing benefits from host a number of regional renewable energy workshops

    September 15, 2016

    Workshops for training in renewable energy and cooling equipment began last week in St. Kitts and Nevis, prompted by the benefits observed by the Caribbean island’s Federation. The establishment of wind energy on Nevis and development of solar power in St. Kitts have placed the Country in a leading position in the development of renewable […]

  • Mexico and Brazil Look to Caribbean for New Energy Investment Opportunities

    September 14, 2016

    In November, a Brazilian investment mission will take investors and parliamentarians to the Eastern Caribbean to discuss a wide range of business opportunities. The Embassy of Mexico to the Eastern Caribbean States will hold a Forum, “Creating Synergies to Strengthen the Competitiveness of the Greater Caribbean” November 16-18 in Cancun, Mexico. Both Mexico and Brazil […]

  • Montserrat Geothermal Project to Commence Drilling on Third Well

    September 13, 2016

    The Icelandic Drilling Company, contracted by the UK’s Department for International Development (DFID), has offloaded their drilling equipment at the site of the third well in Monserrat and drilling will begin soon. It has taken longer than anticipated to prepare the site, as the terrain was rough, rocky and covered in layers of deposited ash. […]

  • Inter-American Development Bank to finance $103.4m renewable power project in Nicaragua

    September 13, 2016

    Nicaragua will get support from the Inter-American Development Bank (IDB) for geothermal projects in the Cosigüina field. Located in the northwestern part of the country, the site will facilitate studies to ascertain the technical feasibility of a commercial-width well. It will also be the location for product development of mechanisms used to attract private investment. […]

  • Bermuda Utility Revises Net Metering Program for Solar

    September 13, 2016

    Bermuda’s net metering program, launched in 2010, is coming to an end after Bermuda Electric Light Company Limited (BELCO) has decided to replace it with an avoided cost compensation scheme. This revision is likely to reduce the level of new residential and commercial PV installations. The current 335 participants will continue to receive the subsidy, […]

  • Renewable Energy Projects Secured $6 Billion From Multilateral Banks In 2015

    September 12, 2016

    Six banks: The World Bank, The European Investment Bank (EIB), the Inter-American Development Bank (IDB), the Asian Development Bank (ADB), the African Development Bank (AfDB), and the European Bank for Reconstruction and Development (EBRD) provided a total of $25 billion in climate finance across the world last year. Renewable energy projects secured  $6 billion in […]

  • Argentina 1GW Tender Attracts 6.37GW of Bids

    September 9, 2016

    Developers hungry to get into the Argentinian renewable energy market showed up in a big way for the tender, applying to sell 6,366 MW of power in an October auction – more than six times the amount the government called for. “I’ve never expected 6,000 megawatts,” Energy Minister Juan Jose Aranguren told reporters in Buenos […]

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