CREF Market News - Page 72 of 90

Government defends decision to buy LNG from US
June 27, 2016
The decision in Bridgetown to import LNG from the United States rather than neighboring CARICOM country, Trinidad & Tobago, is being defended as a “top up” solution to shortages during the winter tourist months. Minister in the Office of the Prime Minister with responsibility for Energy, Darcy Boyce, said that the “very, very small quantities” […]
St. Lucia’s bid for energy security: Q&A with former Energy Minister Dr. James Fletcher
June 27, 2016
Dr. James Fletcher, former Minister responsible for energy policy in the government of St. Lucia, was at the helm of the island’s energy sector during a period of rapid transition. In a candid interview with New Energy Events, Dr. Fletcher reflected on prospects for St. Lucia’s geothermal project, his fears for the impact of climate change on […]
Barbados lone Caribbean country to purchase LNG from US
June 27, 2016
Amidst renewable energy growth in the Caribbean, Barbados is the lone country to import LNG from the U.S. According to a United States Department of Energy report, Barbados imported 7, 432 million cubic feet (Mcf) of LNG during the period February 5 to April 29, 2016. The U.S. currently sells LNG to countries such as […]
Iberdrola negotiates entry into Cuban wind market
June 25, 2016
The Spain-based company plans to install a complex of 100MW of power in the southern province of Holguin, more than 700 kilometers from the capital, La Havana. This would be the largest wind farm in the wind energy sector in Cuba. La firma española pretende instalar un complejo de 100 megavatios de potencia en la provincia […]
Caribbean Hotel & Tourism Association calls upon governments, private sector to create tourism agenda as US House passes Caribbean Strategic Engagement Act
June 24, 2016
The Caribbean Hotel and Tourism Association (CHTA) is thus urging a public-private partnership between Caribbean nations and the U.S. that will strengthen an existing tourism relationship. CEO and Director General of the CHTA and CREF 2016 speaker, Frank Comito, explained, “the tourism ties between the United States and the Caribbean extend well beyond the 14.3 […]
Preparations under way for drilling and construction at Nevis project
June 21, 2016
Final preparations are underway to build a geothermal facility in Nevis. The coordination is being handled by developer Thermal Energy Partners LLC (TEP) through its affiliate NRE International (NREI), which has begun a series of final design reviews and analysis of utility interconnection. Joining TEP and NREI in the venture are technical teams from Turboden […]
Cuban government orders state enterprises to cut oil & electricity consumption by 20%
June 21, 2016
Cuba is taking measures to deal with a fuel shortage as its largest trading partner, Venezuela, fails to uphold previous agreements. Approaching July and August when demand for energy generally increases, the government has ordered state enterprises to reduce oil consumption and electricity use by 20%. The expected shortage has resulted in measures to reduce […]
Antigua’s airport solar power plant exceeds expected performance
June 21, 2016
Antigua’s first major infrastructure project to utilize renewable technology has exceeded expectations and generated revenue of more than USD 1 million. The ground-mounted solar power plant at the V.C. Bird International Airport is a 3 MW Sun2live system that was installed and is operated and maintained by the UK-based clean energy provider PV Energy Limited. […]
USAID Caribbean clean energy program helps green the grid
June 20, 2016
A clean energy program led by USAID aims to help Caribbean nations meet the ambitious renewables targets set at COP21 in Paris last year. Energy specialists from the Barbados Energy Division, the Caribbean Electric Utility Services Corporation (CARILEC), the Caribbean Community (CARICOM), and various electric utility companies, regulators, financiers, international donor organizations, and equipment suppliers all […]