Colombia’s renewable energy auction will increase by 40 times the country’s actual solar and wind energy installed capacity. The auction, carried out on October 22, assigned 10,186 MWh/day of energy contracts at a weighted average price of US $ 0.027 kWh (COP $ 95.65 kWh), approximately 34% lower than the current market prices of bilateral energy contracts. The contracts … [Read more...] about Solar and Wind Energy Will Transform the Colombia Energy Matrix
The Role of Expansion Plans Promoting Feasible Nationally Determined Contributions (NDCs) The future of energy needs to be sustainable. In the future, energy consumption should not be associated with CO2 emission. Among many uncertainties, this seems to be an agreement. All the IDB member countries signed the Paris Agreement, pledging to make efforts to stabilize … [Read more...] about Aligning Electricity Investment Plans and Climate Policy Commitments in LAC
The Reventazón Hydropower Project (RHP) is one of the biggest and complex infrastructures built in Central America (it is the biggest hydropower project in the Region). The RHP has been carried out by the Instituto Costarricense de Electricidad (ICE), a Costa Ricas´s public utility company, and was fully operational in September 2016. It has an installed capacity of 305,5-MW … [Read more...] about The biggest hydropower project in Central America, financed by IDB group, is granted with the Blue Planet Award
An ongoing concern that the world is nowhere near achieving its carbon reduction goals is part of today’s global public policy agenda. Among the factors explaining the rise of carbon emissions are new investments in coal burning plants, and the advanced age of the existing coal power plants in developed economies. In 2015, global investments on coal power plants were over … [Read more...] about After the investment is done, fossil fuel plants will keep running for a while
The price of solar energy has been dropping dramatically during last 20 years and the projections suggest that it will maintain that trend in the coming years. In a near future, solar energy in Suriname will be cheaper than the electricity coming conventional fossil fuel plants. According to the International Renewable Energies Agency (IRENA) the global weighted average … [Read more...] about What is the future of Solar energy in Suriname?