CREF Market News - New Energy Events

Dominican Republic grants provisional concession for EGE Haina’s 50 MW Los Mangos wind project
September 25, 2025
The Dominican Republic’s National Energy Commission (CNE) has granted a provisional concession for EGE Haina’s proposed 50 MW Los Mangos wind project in Baní, Peravia province. The company has 18 months to complete required studies before seeking a definitive concession, with the project eligible for renewable energy incentives. Source: BNAmericas
Puerto Rico rooftop solar surpasses 1,200 MW, now powering over 10% of island’s electricity needs
September 25, 2025
By June 2025, Puerto Rico reached 1,200 MW of rooftop solar under its net metering program, supplying over 10% of the island’s electricity consumption and generating an estimated 1,800 GWh annually. Rooftop solar capacity has grown fivefold in four years, with most systems paired with batteries that provide backup during outages and may also supply […]
Dominican Republic launches 600 MW solar and wind tender with mandatory storage and dollar PPAs
August 28, 2025
The Dominican Republic has launched its first tender for up to 600 MW of solar and wind capacity with mandatory storage, requiring all projects to include battery systems capable of at least four hours of backup. Winning projects, ranging from 20 MW to 300 MW, will sign long-term dollar-denominated PPAs, giving investors revenue certainty while […]
Guyana installs 4.8 MW of residential photovoltaic systems to expand renewable energy access
July 31, 2025
Guyana’s solar home photovoltaic system project has added 4.8 MW of installed capacity since its launch in July 2023. The initiative aims to expand access to renewable energy in inland and coastal communities not connected to the electricity grid. Source: PV Magazine LATAM
Saint Lucia Electricity Services plans 10 MW solar project with battery energy storage
July 31, 2025
Saint Lucia Electricity Services (LUCELEC) plans to tender a 10 MW solar project with battery energy storage later this year. The project, which will be the island’s second industrial-scale solar initiative, includes 10 MW of solar power and an energy storage system with 13 MW capacity using two-hour lithium-ion batteries. Source: PV Magazine LATAM
Acciona Energía launches 162.6 MWp Cotoperí Solar Complex in La Romana, Dominican Republic
July 31, 2025
Acciona Energía has launched the 162.6-MWp Cotoperí Solar complex in La Romana, Dominican Republic. The facility, consisting of three solar farms, will generate 286 GWh of electricity annually, enough to power around 166,000 households. It is now the largest photovoltaic installation in Central America and the Caribbean. Source: Renewables Now
CAF Issues first blue bond, raising US$115.94 million for climate-resilient coastal development
June 13, 2025
CAF has launched its first-ever blue bond, raising US$ 115.94 million to support climate-resilient coastal development across the region. Underwritten by BNP Paribas Cardif, the 5-year bond will finance sustainable water management and marine ecosystem protection projects, with initial efforts in Brazil, Ecuador, and beyond. Source: CAF
UK and CDEMA sign MoU to strengthen Caribbean disaster preparedness ahead of 2025 hurricane season
June 13, 2025
Ahead of the 2025 Atlantic Hurricane Season, the UK has signed a new MoU with the Caribbean Disaster Emergency Management Agency (CDEMA) to enhance disaster preparedness and emergency response across the region. The agreement, signed in Barbados, includes adaptable emergency funding mechanisms such as an immediate mobilization fund to enable rapid deployment of response teams […]
CAF and CDB sign landmark MoU to expand development financing and collaboration in the Caribbean
June 13, 2025
CAF and the CDB have signed a landmark MoU to deepen collaboration and expand development financing across the Caribbean. Signed during the CDB’s 54th Annual Meeting in Brasília, the agreement outlines joint efforts in project financing, technical assistance, policy dialogue, and capacity-building in key sectors such as climate action, energy, water, and infrastructure. Source: CAF