CREF Market News - New Energy Events

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
MPC Capital sells stake in Jamaica’s largest solar plant to InterEnergy Group
April 25, 2025
MPC Capital has completed the sale of its 34.4% stake in Paradise Park, Jamaica’s largest solar photovoltaic plant (51 MWp), to InterEnergy Group for $5.9 million. Developed in partnership with Neoen and financed by European development banks, Paradise Park is one of the Caribbean’s most significant renewable energy projects. Source: PV Magazine LATAM
Wärtsilä signs performance-based decarbonization deal with Curaçao utility Aqualectra
April 25, 2025
Wärtsilä has signed a five-year decarbonization services agreement with Curaçao’s utility Aqualectra, tying its payments to outcomes like reduced CO₂ emissions, improved energy reliability, and increased renewable energy use. The deal supports Curaçao’s goal to raise its renewable capacity from 30% to 70% by 2027 and includes the installation of a 38.4 MW grid balancing […]
World Bank launches regional facility to boost renewable energy in Eastern Caribbean
April 25, 2025
The World Bank has approved the Caribbean Resilient Renewable Energy Infrastructure Investment Facility to support Grenada, Saint Lucia, and Saint Vincent and the Grenadines adopt cleaner, more resilient energy systems. Source: CBS42
Grenlec seeks consultants for solar-plus-storage project at Grenada’s international airport
April 10, 2025
Grenada Electricity Services (Grenlec) is seeking consultants to support the development of a solar-plus-storage project at Maurice Bishop International Airport, featuring a 15.1 MW solar farm and a 10.6 MW / 21.2 MWh battery energy storage system. The World Bank and Caribbean Development Bank will co-finance the project. Source: PV Magazine LATAM
Grenada secures US$12.6 million from UK to advance geothermal energy development
April 10, 2025
Grenada will receive approximately US$12.6 million from the UK Government, through a partnership with the Caribbean Development Bank (CDB) and the Foreign, Commonwealth & Development Office (FCDO), to support expanded geothermal exploration drilling near Mount Saint Catherine. Source: ThinkGeoEnergy
Guyana launches tender for solar and battery storage systems on public buildings across four regions
March 27, 2025
The Guyana Energy Agency has launched a tender for the supply, installation, and commissioning of rooftop solar systems with battery energy storage for public buildings across four regions. Covering 18 sites, including schools, health centers, and municipal offices, the systems will range from 3.3 kW to 5 kW with battery capacities between 19.2 kWh and […]