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Renewables

  • Dominica is CARICOM forerunner in renewable energy use, latest ECLAC report reveals

    July 25, 2016

    Outcomes from a report by the Economic Commission for Latin America and the Caribbean (ECLAC) show Dominica as the CARICOM member that consumes the largest portion of its energy from renewable sources. The 2008 global financial crisis, and its aftershocks, incentivized the Caribbean island to pursue sustainable energy strategies that reduce dependence on fossil fuels […]

  • Investors’ neglect of small-scale renewables threatens universal energy access

    July 25, 2016

    Small-scale renewable energy projects are crucial to meeting the goal of universal access to electricity and clean cooking facilities by 2030, but too many investors are relying on utility scale projects because of the lower risk. Traditional climate financing is not working a decentralized projects are “just not bankable”, says Neha Rai, senior researcher at […]

  • Green climate fund approves loan for 143 MW solar project in Chile

    July 22, 2016

    The South Korea-based Green Climate Fund approved a loan for a large-scale PV project in Northern Chile. The site will have an initial capacity of 143 MW, though future expansion could put total capacity at 250MW. Project implementation will be done by Sonnedix, a US-based company. While Chile’s government has taken measures to attract renewable […]

  • Renewables investment falls after 2015 record

    July 20, 2016

    A downturn in renewables investment in 2016 may not be viewed negatively, according to Abraham Louw, associate for energy economics at Bloomberg New Energy Finance (BNEF). Investment declined in many regions including China, the Middle East, Africa, and much of the Americas, but record financing in 2015 may have led to a “hangover” in 2016. […]

  • Bolivia carries out studies for hydro projects

    July 20, 2016

    Evo Morales, president of Bolivia, has approved a project for final design studies for 3,251 MW and 425 MW hydro projects. The contract, which is schedule to be signed next week, will be carried out by Geodata Engineering, an Italian firm. The design work will cost US$15 million and take 15 months. Once the design studies […]

  • Latin America on track to deploy 2.7 GW of solar in 2016

    July 19, 2016

    Latin America continues to be the global leader in renewable energy in 2016. A total of 2.7 GW of solar PV will be installed this year from projects in Chile, Honduras and Mexico. Record-low bid prices in Mexico are attracting the interest of governments and promoting the country to the second largest market in L.A.; […]

  • World Bank announces launch of report on comparative analysis of approaches to geothermal resource risk mitigation

    July 15, 2016

    Who wants a piece of the risk? A recent report from The World Bank underscores that, as LAC forges ahead with an ambitious geothermal agenda, there are lessons to be learned from analyzing global approaches to sharing resource risk. There are increasing signs of a resurgence in geothermal markets across Latin America and the Caribbean. […]

  • Cuba promotes investments for energy saving

    July 15, 2016

    According to Minister of Energy and Mines, Alfredo Lopez, Cuba is promoting strategic investments to increase the use of renewable energy sources and fuels saving. Según el Ministro de Energía y Minas, Alfredo López, Cuba impulsa estratégicas inversiones para incrementar el uso de fuentes renovables de energía y el ahorro de combustibles.

  • Nicaragua: clinic will use solar thermal energy for air conditioning and water heating

    July 14, 2016

    A new solar plant at a clinic in Managua, Nicaragua, will save approximately 1,100 tonnes of CO2 per year. Solid, a Graz-based company specializing in solar thermal systems, will fund the € 4  project using a “soft loan”. Sited for the Hospital Militar Dr. Alejandro Dávila Bolaños, the plant will cover the entire hot water […]

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