The EIB, European Investment Bank, came to an agreement to give $230 million in order to support investing in renewable energy ventures across Central America. These programs include hydropower, photovoltaic, geothermal and wind projects.
The EIB is teaming up with the Central American Bank for Economic Integration, allowing them to provide over $500 million to invest in projects across six countries in Central American: Costa Rica, Honduras, Guatemala, Panama, Nicaragua and El Salvador
This is a very much-needed investment, as it will take a considerable amount of funds to establish a strong potential for renewable energy, reducing carbon dioxide emissions and increasing efficient energy use. This isn’t the first time that the Central American Bank and the EIB have teamed up before. In 2011, they teamed up to provide support to hydropower investment in areas within Costa Rica.
In fact, the EIB has invested a hefty sum of money for long-term investment projects; more specifically, they’ve given more than $7.6 billion total. They’ve contributed about $2.5 billion in the energy sector alone. For the latest investment, there is much potential for a brighter future in renewable energy in Central America. The lending from the EIB and the Central American Bank for Economic Integration will make it possible for support in private and public sector investments for both renewable energy and energy efficient projects.
The lending has helped already, as the popular Costa Rica beverage company, suitably named Florida Bebidas, has placed a solar arrangement on the roof of its headquarters in Liberia.
Turning Mill energy, located in Sandwich, Massachusetts, provides assimilated and renewable energy technology assistance in North America. The engineering procurement contractor has been doing so since 2007, focusing on the combination and use of renewable energy systems.
The President of Powerdyne, Dale Euga, has said that Powerdyne and Turning Mill Energy will start working together to provide big electric users with on-site independent power generation. The independent on-site power generation will cut the price of electricity without acquiring lavish investment costs on equipment. Mr. Euga has stated that he believes distributed electricity, through the use of combined and balanced technology, is essential in helping worldwide growth.
The two companies believe that the implementation of on-site power production is still on the rise, and that their collaboration is a perfect strategy to put them in the lead to face the quickly growing global need for more energy. In the next year, the companies will team up to identify the various opportunities that are at hand for different and essential electrical users, including schools, colleges, hospitals, and also large industrial facilities.
The two companies will be releasing progressive statements that will meet the standards of the Private Securities Litigation Reform act established in 1995. These statements will project the Company’s latest expectations concerning its future plans, as well as its expected performance. The statements will include, but are not limited to, the following: mention of new products, marketing strategies, earnings, margins, sales, innovations, and deliveries. The teaming up of both companies is expected to make a significant impact in the subject of renewable energy.
Many people have praised the use of microinverters, and the use of this technology has made its way to Australia. To provide the other side of the microinverters, in turn giving you the entire picture, this article will inform you on one of the potential downsides of using microinverters in Australia. The microinverters may not be suitable for the rugged Australian conditions the technology would have to face.
The biggest factor in Australia that microinverters will have to face is the temperature. Temperatures in Australia really do soar, so the longevity and durability of the microinverter may not be enough. On average, the microinverter is only able to function well in degrees that range the 60s and low 70s. The sun will definitely beat up those solar panels on a daily basis, and you shouldn’t disregard that fact. The functionality of a microinverter will be decreased or compromised altogether if they have to work in high temperatures. The reliability of the microinverter will also decrease even more year after year, if it manages to survive for that long.
If something goes wrong with these microinverters, even with just a few, the repairs can pile up and become quite a financial burden. You may end up replacing quite a few microinverters every year or even every month or so.
Hopefully the manufacturers of microinverters that are supplying their product to companies in Australia are making some changes to their product in order for them to be more durable under harsh conditions.