CREF Market News - Page 33 of 90

Jamaica building islandwide EV charging network
May 28, 2020
Emanuel DaRosa, the outgoing president and CEO of Jamaica Public Service, JPS, will leave as the company starts setting up an islandwide electric vehicle-charging station network. “This year, you will be able to travel all across the island and never be more than 40 kilometres from a charging station. EVs will transform our lives as […]
Puerto Rico nuclear future up for debate with new feasibility study released
May 28, 2020
Results from a study on the feasibility of nuclear energy in Puerto Rico show that nuclear energy is not out of reach for the Caribbean island. The Nuclear Alternative Project (NAP) published its study on the feasibility of nuclear reactors in Puerto Rico, which Power Technology summarized with four points: Small nuclear reactors can integrate […]
Trinidad and Tobago receives $5m grant for low-carbon cooling technologies
May 28, 2020
The Ministry of Planning Development said a US$5 million grant has been awarded for a national project on the development of low-carbon refrigeration and air conditioning technologies. In a statement issued Thursday, the ministry said the US$5.21 million grant is the largest-ever grant-funded project under the Global Environmental Facility (GEF) awarded to Trinidad and Tobago. The […]
Cuba solar farm to double capacity by end of May
May 28, 2020
The Cuban government has continued works to double the capacity of a 2-5.MW solar photovoltaic (PV) park in Mayajigua in the northern municipality of Yaguajay, state-owned news agency Prensa Latina reported on Saturday. The soon to be a 5-MW park will become the largest in Sancti Spiritus province. Its expansion will allow the generation of 315 […]
Bermuda solar farm proves resilience after hurricane
May 28, 2020
A new solar power farm installed on a peninsula at LF Wade International Airport has already proved strong enough to survive a hurricane. The 24,000 solar panels covering almost 19 acres on land known as “The Finger” were partially in place when Hurricane Humberto struck last September, but they survived undamaged. Saturn Solar Developments, which […]
JPS appoints new CEO
May 27, 2020
As Emanuel DaRosa’s term expires on May 30, the board of directors of JPS appointed Michel Gantois to lead Jamaica’s utility as president and CEO. Previously, Gantois led the development of a hydrogen business unit for an Australian mining company, and has a decade of experience at ENGIE as CEO for Australia, Peru, and Pakistan, […]
Saturn Power awarded operating license for 6 MW Bermuda solar project
May 12, 2020
Just last week, the Regulatory Authority awarded an operating license to the developers of the project, Saturn Solar Bermuda 1, the Bermudian subsidiary of Saturn Power Incorporated. This is a significant milestone for the project. When the bids were submitted, Saturn’s bid was the lowest compliant bid, at 10.3 cents per kilowatt-hour. Construction began to […]
In Jamaica, electricity demand is down; residential demand is up
April 23, 2020
Jamaica’s utility, JPS, reported that while the company has seen an overall decrease in electricity consumption by approximately 2.5 percent in March, residential demand is up by 3 percent. Since the COVID-19 outbreak, many are spending more time at home, and have increased consumption varying five to 50 percent. “People who would have been out […]
Cuba’s electricity consumption skyrockets during pandemic
April 21, 2020
In the first few weeks of April, Cuban electricity consumers were using amounts of electric power above what is consumed in the summer months. Cuban authorities issued an alert to the population to encourage energy savings. This is happening during a time when many residents are at home due to the COVID-19 pandemic, in combination […]