Nicaragua inaugurates new solar plant

By |2019-07-22T09:26:28+00:00July 22nd, 2019|Regional|

A 2.1MW hybrid solar and thermal plant in Corn Island, Nicaragua has entered into commission. The solar installation, Caribbean Pride Solar Energy Plant, has over 6300 solar panels, and a large storage and distribution system. This renewable project will provide electricity for the 1943 homes on Corn Island, and will save 30 000 gallons of

CleanCapital and CarVal Investors Acquire 75.2 Megawatt Solar Portfolio and Close on $300 Million Debt Facility with Credit Suisse

By |2019-07-18T21:10:00+00:00July 18th, 2019|Regional|

CleanCapital announced today its largest acquisition to date, a 75.2 megawatt solar portfolio made up of 15 operating solar projects in New Jersey. This is the fourth in a series of acquisitions made through CleanCapital’s $250 million investment vehicle with CarVal Investors. CleanCapital now owns and operates 180 MW of renewable energy assets and holds

GE and BlackRock Launch Distributed Solar and Storage Business

By |2019-07-17T19:01:08+00:00July 17th, 2019|Regional|

GE has announced it’s taking its distributed solar and solar-plus-storage business to a new stage, via a partnership and majority investment by asset management firm and heavyweight renewables investor BlackRock Real Assets. The new company, named Distributed Solar Development, will be 20 percent owned by GE Renewable Energy and 80 percent owned by a fund managed

Georgia Power Ups Plan for Renewables and Storage After Push From Local Stakeholders

By |2019-07-17T19:01:04+00:00July 17th, 2019|Regional|

Georgia's utility regulators approved a long-term plan that will see Georgia Power drastically expand renewable generation and develop, own, and operate up to 80 megawatts of energy storage. Southeastern states have seen exceedingly little energy storage development so far, although utilities like Duke Energy and Florida Power & Light have announced significant investments for the

Drilling in St. Vincent and the Grenadines confirms potential for geothermal energy

By |2019-07-17T11:56:31+00:00July 17th, 2019|Regional|

St. Vincent and the Grenadines has suitable conditions of temperature and permeability at 2500 metres below ground to generate geothermal energy, a new report has confirmed. Exploratory drilling in La Soufrière started two months ago, and this week’s report brings positive results from this exploration phase. At 2500 meters, the temperature was more than 250

The Long Read: The Dawn of Megastorage

By |2019-07-15T15:03:22+00:00July 15th, 2019|Regional|

Last year was record-breaking for global energy storage deployment. The non-residential segment overtook the residential sector for the first time, with half of the 3.3 GW capacity installed in front of the meter, according to market analysts Wood Mackenzie. The drive toward large, utility-scale projects has been the single most noteworthy change for the industry

Colombia will include geothermal in its first renewable energy auction

By |2019-07-15T12:16:46+00:00July 15th, 2019|Regional|

Colombia’s first renewable energy auction, which will be held in October of this year, will be open to wind, solar, geothermal, small hydroelectric and wave energy projects. Colombia currently has an estimated 18MW of installed geothermal capacity, and potential to install much more. The renewables tender had to be postponed in February, and is now

El Salvador signs agreement with Italian firm to supply a geothermal plant

By |2019-07-12T06:12:18+00:00July 12th, 2019|Regional|

Turboden has signed an agreement with LaGeo to supply an Organic Rankine Cycle (ORC) geothermal power plant in El Salvador. The Italian firm’s newly acquired project is a 8MWe geothermal plant at the Berlín Geothermal Field. LaGeo is a geothermal development company which develops geothermal resources in El Salvador. Currently, the company contributes a fourth

‘Opportunities Everywhere’: NREL Study Shows Mass Potential for Storage to Provide Peaking Capacity

By |2019-07-11T14:02:10+00:00July 11th, 2019|Regional|

The booming U.S. battery storage market is showing no signs of slowing down, and a new government-funded report says its prospects could be even bigger than previously thought. "The Potential for Battery Energy Storage to Provide Peaking Capacity in the United States," published last month by the National Renewable Energy Laboratory (NREL), concluded that every region across

Panama reaches over 500MW of solar PV in development

By |2019-07-11T10:14:01+00:00July 11th, 2019|Regional|

After the concession of three provisional license for new projects, Panama has reaches 500MW of solar PV energy in construction and development. Panama’s National Public Services Authority has published data on the country’s solar installed capacity. Last May, it was only at 176MW, approximately 5% of the country’s total generation. Once projects in construction or