July 2017 - New Energy Events

JPS to invest $100m on storage/efficiency projects in 2017
July 31, 2017
The Jamaica Public Service Company (JPS), the island’s sole distributor of electricity, said it will be doubling its expenditure on energy projects by December this year in an attempt to drive down the cost of energy. JPS views the investment as key to driving efficiencies, according to Chairman Seji Kawamura, who was appointed earlier this year, […]
Montserrat geothermal project to soon resume drilling on third well
July 27, 2017
Following news on the drilling campaign for the third well of the geothermal project on Montserrat in the Caribbean, things had turned a bit quiet. Local news outlet Montserrat Reporter now reported earlier this month, that work on this third well is to resume soon. There seem to have been some problems with the drilling […]
ECLAC releases roadmap for Caribbean governments transitioning to alternative vehicles
July 27, 2017
A new report released from the Economic Commission for Latin America and the Caribbean (ECLAC) looks at how governments can make the transition to electric, hybrid and plug-in hybrid vehicles. The report, Promoting energy efficiency in government transportation systems: A transition roadmap and criteria for a readiness analysis, identifies Caribbean islands who have began discussions around energy […]
Barbados looks to solar energy, energy efficiency, and electric vehicles for a 100% renewables future
July 27, 2017
The Minister responsible for Energy, Hon. Darcy Boyce suggests that Barbados will achieve 29% annual reduction in electricity consumption through a new LED street light program and retrofitting government buildings with rooftop solar. The street light program will be funded by the IDB and EU to change out nearly 30,000 street lights for energy efficient LED […]
Solar project bidders visit Montserrat
July 26, 2017
Montserrat is coming closer to reaching its vision of 100% renewable penetration on the grid by 2020 with its geothermal project, but also by harnessing the sun. In early June, the government of Montserrat, headed by Hon Minister Paul Lewis, welcomed four of six project bidders for the introduction of the Phase 1 of the […]
CDB approves $25m for Jamaica LED streetlight program
July 25, 2017
The Board of Directors of the Caribbean Development Bank (CDB) has approved funding of $25 million to replace existing streetlights in Jamaica with high efficiency light-emitting diode (LED) lamps. The funds are being provided to the Jamaica Public Service Company Limited (JPSCo), and will facilitate the replacement of approximately 105,000 high pressure sodium and mercury […]
The Bahamas to launch ambitious solar program
July 25, 2017
The Government of The Bahamas’ intention to launch “an ambitious, solarization programme” in The Bahamas over the next five years is expected to result in numerous benefits for The Bahamas as a Small Island Developing State (SIDS) as well as assist in slowing adverse effects of climate change which include more extreme weather patterns and […]
CIBC FirstCaribbean Confirms Title Sponsorship of CARIF
July 25, 2017
CIBC FirstCaribbean, one of the leading commercial and investment banks in the Caribbean, has confirmed it will renew for 2017 its leadership role in CARIF. CIBC FIrstCaribbean’s footprint extends across the region and its track-record spans many of the region’s landmark infrastructure projects. As Title Sponsor alongside KPMG, CIBC FirstCaribbean also brings a substantial regional […]
Munich Re to host “How to Protect Renewable Assets in a Complex Financial World” workshop at CREF 2017
July 25, 2017
The organizers of CREF are pleased to announce that Munich Re, one of the world’s largest reinsurers, has confirmed a senior sponsorship role at CREF 2017. In an era of falling PPAs and tight margins, Munich Re will also be hosting an invitation-only interactive workshop for project developers and financiers designed to explore how insurance […]