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Solar PV

  • Spain and Cuba solar associations form alliance

    August 31, 2016

    A partnership for the development of the Cuban solar industry has formed to share experience and technical expertise between Cuba and Spain. The strategic alliance was signed last week enabling the Spanish solar association (UNEF) and Cubasolar to move forward with plans for 700 MW of solar PV by 2030. Cuba currently has an installed […]

  • Solar takes at least 6% of Chile’s largest power auction with record low tariffs

    August 25, 2016

    In an auction without subsidies, solar developers have won 720 GWh of capacity in Chile’s largest-ever power auction. Endesa won about 47% of the tender with an offer not tied to specific projects, while Accion Energia said it will build 183 MW wind facility at La Arauncía. Although wind power dominated the auction, taking 5.8GWh […]

  • Bermuda gets ready for 6-MW solar tender

    August 22, 2016

    A new solar power facility will be constructed adjacent to the LF Wade International Airport in Bermuda. The Government of Bermuda has issued an open call to pre-qualify companies seeking to take part in the tender for a two-phase project; the first phase will consist of 6 MW of power and the second phase will […]

  • Report: Jamaica to put final touches on 33 MW PV project

    August 17, 2016

    An agreement with Eight Rivers Energy Co Ltd (EREC) and the Jamaican government , for a 33.1 MW solar facility in Westmoreland, is almost complete. Both parties will be represented at the 2016 Caribbean Renewable Energy Forum. Construction is scheduled to start by 2017 and power supply should commence in 2018. Energy and Technology Minister […]

  • Installation of PV modules begins on El Salvador’s largest solar project

    June 30, 2016

    The Providencia project in El Salvador is approaching completion with the placement of the first solar module onto the 101 MW plant. French developer Neoen divided the project into two blocks: a 76 MW PV plant, awarded in an 2014 auction, and a block of 25 MW which will provide electricity to distributors. The latter […]

  • IIC helps finance 54-MW solar project in Chile

    June 27, 2016

    More financing will help Chile continue its ascent as a Latin American leader in renewable energy. An A-loan of USD 19.7 million (EUR 17.9m) has been issued by the Inter-American Investment Corporation (IIC), and guaranteed by the Inter-American Development Bank, for the 54 MW Los Loros solar PV project in the Atacama Desert. The IIC […]

  • German, Mexican state banks sign MOU to promote renewable energy

    June 25, 2016

    Commitments by development and export banks for financing renewable energy projects in Latin America is growing and Mexico’s National Bank of Foreign Commerce (Bancomext) is next in line. A memorandum of understanding (MOU) for the promotion of renewable energy has been signed between the German Development Bank (KfW) and the Germany International Cooperation Agency (GIZ); […]

  • Jamaica’s solar PPA breaks records at 8.5 cents/kWh: who’s the big winner?

    June 13, 2016

    The recent PPA awarded at 8.54 US cents/kWh for a 33.1 MW PV project now ranks solar energy as the cheapest source of electricity in Jamaica. Eight Rivers Energy Company Limited (EREC) won the bid, beating out 18 competing projects. “Yes, it is lean – there’s not a lot of fat – but I think […]

  • Chinese banks consider financing 300-MW PV project in Argentina

    June 13, 2016

    Argentina’s provincial government announced that two Chinese banks, the Chinese Export-Import Bank and the Commercial Bank of China, are interested in funding a 300 MW solar project. A delegation from Argentina travelled to Beijing to present the PV project and received “favorable financial conditions on interest.”

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