According to Jamaica’s Minister of Science, Technology, Energy and Mining the Hon. Phillip Paulwell, investor confidence is growing toward the potential for revenues from green energy in Jamaica. He said that the US$89 million 36.3 megawatt wind farm being developed at Potsdam, Malvern in St. Elizabeth is an indicator that Jamaica is ripe for direct foreign […]
Multi-million dollar tests carried out by Icelandic experts on the island of Montserrat indicate promising potential to generate power using geothermal energy. Montserrat currently has the highest rates in the Caribbean with residential customers paying $0.50 per kilowatt-hour for electricity, compared to the regional average of $0.33. In 2013 the UK Department for International Development […]
Underscoring high interest in the development of renewables in the Caribbean, CREF saw a record turnout this year. Opened by Luis Alberto Moreno, President of the Inter-American Development Bank (IDB), and Dr. Warren Smith, President of the Caribbean Development Bank (CDB), CREF 2015 was the biggest to date and by far the biggest energy event […]
CREF 2015 gathered an extraordinary array of market participants. The story, by the numbers, is impressive: 492 registrants from 41 countries, 97 speakers over 28 sessions, 30+ sponsors and exhibitors, and 21 Caribbean jurisdictions represented by their government, their utility or – in many instances – by both.
Antigua and Barbuda are working hard to capitalize on an abundant supply of sunshine and green energy. A solar farm at Antigua’s newly-redeveloped VC Bird International Airport will have an installed capacity of 3 MW and the government is planning the placement of 2 MW installations on government buildings around the island. Additional plans to utilize […]
Transmission and distribution manager Lemuel Lavinier says taht a new electric vehicle is among a list of energy, efficiency and renewable initiatives at Dominica Electricity Services Ltd (DOMLEC). The Nissan Leaf was sourced in Barbados at a cost of EC$122,439 and selected because of its popularity and high safety ranking on the U.S. National Highway […]
We have received numerous requests for the insightful presentation on prospects for renewables development in Cuba delivered at CREF 2015. Delivered with aplomb by David Verbiwski of the Canadian consulate in Havana, the presentation made clear that while there are substantial opportunities in Cuba, the recent thawing of relations with the U.S. – while significant […]
Castalia Strategic Advisors and New Energy Events, the organizers of CREF 2015, are proud to announce the publication of the 4th Annual Castalia-CREF Renewable Energy Islands Index and the 2nd Annual Renewable Energy Islands Marketplace. Together the Index and the Marketplace are designed to track real and measurable progress towards investment and investability in the […]
Cuba has big plans to achieve renewable energy goals as restrictions on foreign investment are slowly lifted. Although the participation by U.S. firms is still hampered by the embargo, which requires a special license from the Office of Foreign Assets Control, the Cuban market represents potential for both U.S. equipment manufacturers and investors. Capital investments […]