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World Bank-supported center to promote green business in the Caribbean

The World Bank has just established a business center designed to support the Caribbean’s growing number of clean energy and climate technology ventures. Known as the Caribbean Climate Innovation Center, the business hub is the first of its kind in the region and will help reduce significant threats posed by climate change through the creation of new green businesses. Particularly, the C...

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G.E. hits 500th turbine mark, continues expansion in Brazil

After marking their 500th wind turbine installation in Brazil, technology giant G.E. is intent on continuing their dominance in the Brazilian wind sector. The company has announced that they are pouring additional investments into their Brazilian operations with the expansion of their manufacturing facility in Campinas, Sao Paulo. With the expansion of the Campinas facility, G.E. hopes to continue to serve the...

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Brazil solar power market rising in value

Brazil is looking at a solar market worth $431.1 million in 2017. New analysis from Frost & Sullivan finds that a stable economy and booming energy sector are drawing investors into the Brazilian solar market which earned revenues of $29.3 million in 2012. Companies from Spain, Portugal, Italy, the United States and China are already seeking to establish a foothold in the market. Frost & Sullivan sees the market...

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Clean Energy Finance Corporation funding two Australian wind farms

Two major wind farm projects in Australia will be the beneficiaries of the Australian government’s Clean Energy Finance Corporation. The C.E.F.C., a legislated fund dedicated to investing in clean energy, will invest 50 million Australian dollars ($45.94 million) to refinance Macarthur Wind Farm and will provide 37.5 million Australian dollars in senior debt finance to help build the Taralga Wind Farm. Largest...

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Ethanol sales increase despite slow sugarcane harvest - UNICA

Ethanol sales are on the rise despite a slow sugarcane harvest due to rains for the period of the second half of May to the second half of June, according to UNICA, the Brazilian Sugarcane Industry Association. Ethanol production reached 1.48 billion liters for the first half of June, of which 851.52 million liters were of hydrous while 633.31 million liters were of anhydrous ethanol. As for ethanol sales, it...

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Latin America, Caribbean to be R.E.-dependent by 2050

According to a report commissioned by the Inter-American Development Bank, Latin America and the Caribbean’s renewable energy potential is large enough to cover the region’s need for power by 2050. The report, titled “Rethinking our Energy Future,” projects that Latin America and Caribbean’s potential for renewable energy can supply them with power enough to fulfill their 2050 needs 22 times over. This feat is made...

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Renewables key to sustainable development in the Central Americas

Central America is a worldwide leader in hydropower and geothermal energy, but has yet to live up to their renewable energy potential, according to a report from the Worldwatch Institute. According to the institute, the region could actually meet 100 percent of its electricity needs with renewable energy. Its estimated geothermal power potential is more than 20 times the current installed capacity. Meanwhile,...

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Aruba moves towards achieving energy independence by 2020

The island nation of Aruba is continuing their drive towards energy independence by 2020, signing a memorandum of agreement with green technology company BYD Company Limited. BYD is a leading manufacturer of electronic vehicles and advanced battery technologies. The Chinese company also produces solar panels and L.E.D. lighting systems. Aruba’s Prime Minster Mike G. Eman, Minister of Finance, Mike de Meza and...

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Mainstream, Actis form joint venture for wind and solar in Chile

Mainstream Renewable Power is forming a joint venture with market investor Actis that will see 600 megawatts of wind and solar projects in Chile by early 2016. Mainstream, a global wind and solar developer, will own 40 percent of the J.V. while Actis will have 60 percent. “Actis is very happy to be making our first major investment in Chile. We have an excellent track record in providing conventional and...

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Google makes first renewable investment in Africa

Internet giant Google has made its first ever renewable energy investment in Africa. Located in the Northern Cape province of South Africa, the $12 million Jasper Power Project has 96 megawatts of solar photovoltaic capacity. The P.V. plant will be of the largest installations in the continent when completed, providing clean electricity to approximately 30,000 South African homes. “South Africa’s strong...

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