The OPEC has decided to invest in renewable energy project development around the world. A total of USD 170 million will be invested in 14 projects in countries in Africa, Asia, Latin America and the Caribbean. According to Central America Data, about 20% of the total amount is to be invested in Latin American countries. Some of the countries are Colombia (USD 30 million), Cuba (USD 12 million), the Dominican Republic (USD 5 million) and Nicaragua (USD 4 million).

There are no details about which renewable energy technologies will be developed, but judging from the recent developments in Latin American countries, wind and hydro are the most likely. We couldn't verify this bit of news with OPEC yet, so take this with a little salt (that's why we have the Rumors category ).

[source: Central America Data]