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Renewables

  • Solar-plus-storage project in Guyana to be funded by Norway

    June 11, 2019

    A 30MW solar-plus-storage in Guyana will be funded by Norway’s Ministry of Climate. Norway will finance the project with USD 77 million. This financing is the result of discussions undertaken last year by the Norwegian and Guyanese governments to support Guyana’s climate action initiatives. This agreement has allowed Guyana to access close to USD 129 […]

  • Microgrids in Puerto Rico to double by 2024

    June 7, 2019

    A report by Wood Mackenzie estimates that the accumulated investments in Puerto Rico’s microgrid market, which could allow over 220MW of installed capacity in the next five years, will reach USD 419 million. Companies are currently competing for the development of multiple clean energy and microgrid projects on the island. These trends indicate that the […]

  • El Salvador’s electric utility to invest in more renewables

    June 6, 2019

    After a pilot scheme and evaluation of different renewable technologies, El Salvador’s state electric utility, Grupo CEL, has decided to start developing its own renewable energy projects. The public company’s next projects include a 46MW wind energy project, and various solar PV plants. The company had first piloted a 24kW solar PV plant last year. […]

  • Caribbean tourism conference will focus on climate risk and sustainability

    June 5, 2019

    The Caribbean Sustainable Tourism Development Conference, hosted in St. Vincent and the Grenadines, aims to provide a platform to discuss some of the most pressing issues affecting tourism in the region. A main focus of the conference will be climate risk and resilience. The ‘Keeping the Right Balance: Tourism Development in an Era of Diversification’ […]

  • Canadian firm acquires Bermuda’s electric utility

    June 5, 2019

    Algonquin Power & Utilities, a Canadian utilities group and renewables developer, will acquire Ascendant Group Limited, Bermuda’s electric utility’s parent company. Belco is Bermuda’s primary electric utility. This acquisition aims to modernise the island’s electricity infrastructure to prepare its grid for the challenges of the 21st century, namely climate change. The company will integrate more […]

  • Undersea cables to provide clean and reliable electricity to Caribbean island

    June 5, 2019

    Caye Caulker island will be connected to Belize’s national electricity grid using submarine cables. This system will be allow the island to have access to stable electricity from renewable sources. The project will be financed by the Caribbean Development Bank through a USD 6.8 million loan, which was approved yesterday by the CDB’s Board of […]

  • Mexico announces tender for geothermal drilling and new information repository for geothermal projects

    June 3, 2019

    Geothermal energy is expanding in Mexico, with two announcements this week regarding the drilling of two wells for geothermal energy, and the upcoming development of a database on geothermal water resources in the country. CFE, Mexico’s state power utility announced a tender for the drilling of two wells in the Los Azufres geothermal project. These […]

  • Dominican Republic to invest USD 900m in renewable projects

    May 31, 2019

    Dominican Republic’s National Commission for Energy (CNE) has authorised the grant of twelve provisional concessions for new renewable energy projects totaling 874 MW. Two projects are focused on wind energy, eight will produce electricity from solar energy and two are thermal energy projects. Another five applications for the development of further renewable energy projects are […]

  • OPIC delegation visits Caribbean, discusses investment in energy

    May 27, 2019

    President of the U.S. Government0s development finance organisation, OPIC, concludes successful visit to the Caribbean to discuss infrastructure, energy, water, and women’s economic empowerment . “By partnering with our Caribbean neighbors to advance priorities like expanding access to low-cost energy, supporting critical infrastructure, and empowering women, OPIC is working to more effectively leverage private sector […]

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