CREF Market News - Page 35 of 90

Jamaica’s energy minister calls for “change of mindset” in shifting energy landscape
March 9, 2020
Minister of Science, Energy and Technology, Hon. Fayval Williams, asks for a change in mindset as Jamaica embraces a new era of energy that is focused on increasing the use of renewable resources, in comments delivered at the fourth Energy and Climate Partnership of the Americas (ECPA) Ministerial Meeting at the JPS Power Station in […]
Nevis 10 MW geothermal project secures development team
February 25, 2020
The Nevis geothermal project announced today that Albioma, a developer and operator of renewable energy projects in the Caribbean and worldwide, has been chosen by NREI to develop and construct the 10 MW Nevis geothermal project. Albioma has joined Schlumberger Integrated Drilling Services (IDS), of Schlumberger Limited (NYSE:SLB), a drilling company that was hired last […]
Montserrat port development project open for procurement
February 24, 2020
The Montserrat Port Development Project has advanced to the procurement process phase, as contractors are now invited to pre-qualify for the design-build contract for the Phase 1 Development. Project Manager of the Montserrat Port Development Project, Dion Weekes said the Project has satisfied the conditions set by the Caribbean Development Bank (CDB) to advance to […]
Barbados signs $30m loan for sustainable energy investment program
February 13, 2020
The Government of Barbados signed two loan deals with the Inter-American Development Bank. Prime Minister Mia Mottley said, “The $30 million USD that we just signed for with the smart energy allows us to be able to leverage renewable energy on many of the Governments properties. The Government of Barbados is spending about $400 million […]
Bahamas “green island” solar farm nears completion
February 7, 2020
The Bahamas solar PV project on Ragged Island, meant to be completed in January 2020, continues to face delays due in part to the after-effects of Hurricane Dorian. The solar panels are now installed, remaining work to be carried out includes building overhead transmission lines, finishing the ground wiring, and installing the energy storage equipment. […]
Jamaica takes key step forward for e-mobility future
January 27, 2020
In partnership with the Inter-American Development Bank (IDB) and other key stakeholders, the Jamaican government completed its electric mobility framework. “We commenced a process to develop the electric vehicle sub-policy, which includes the development of an electric mobility strategic framework. That framework is now complete, and that was the first stage to getting us towards […]
Dominican Republic adds 25 MW solar onto the grid
January 23, 2020
The 25-MW first phase of the Solar Canoa photovoltaic (PV) farm in the Dominican Republic started operations on Friday, the office of the country’s president Danilo Medina announced. Local firm Potentia Renewables, through its Emerald Solar Energy subsidiary, invested about USD 45 million (EUR 40.5m) in the PV facility, according to the announcement on the president’s website. […]
Barbados signs Wartsila to build “Clean Energy Bridge” power plant
January 23, 2020
The technology group Wärtsilä has won the contract to supply a 33 MW flexible power plant on a fast-track basis to the Barbados Light & Power Company Limited (BLPC), the utility company on the Caribbean island of Barbados. The power plant will be supplied as an Engineering, Procurement and Construction (EPC) project. The project will […]
Trinidad and Haiti among islands receiving UAE support for climate-resilient energy projects
January 16, 2020
The UAE-Caribbean Renewable Energy Fund (UAE-CREF) has entered the second cycle of its $50 million three-year plan to build climate-resilient renewable energy projects in 16 Caribbean nations. It said it has successfully completed new development and funded agreements for the Dominican Republic, Haiti, Guyana, Grenada, Saint Kitts and Nevis, Trinidad and Tobago and Suriname. The […]