CREF Market News - Page 75 of 90

Jamaica: 33.1 MW PV plant awarded at record low price per kWh
May 12, 2016
Jamaica’s Office of Utilities Regulation announced that Eight Rivers Energy Company (EREC) is the winner of the energy procurement auction for a 33.1 MW solar project. EREC set a record by proposing the lowest electricity price for solar power in Jamaica – just 8.54 US cents per kWh. “The OUR is pleased with the proposed all-in […]
US to provide funding for Caribbean and Central American renewables projects
May 11, 2016
Following the Caribbean Energy Summit held last week by Joe Biden, US Secretary of State John Kerry announced new funding for Caribbean and Central America renewable energy projects that bolster regional energy security. Secretary Kerry announced that, “USAID funding associated with the Caribbean and Central American renewable energy project is going to come online tomorrow, May […]
Update on St. Kitts & Nevis geothermal projects
May 10, 2016
At a regional CARICOM-sponsored geothermal meeting, Energy Minister Ian Patches Liburd announced that St. Kitts and Nevis are pursuing separate geothermal exploration projects. “The federation of St Kitts and Nevis as a destination is therefore self sufficient in opportunities for solar, wind and geothermal powered development. For that reason as a responsible administration it is […]
Aruba: storage top obstacle for progress on renewables
May 9, 2016
Aruba’s Prime Minister, Mike Eman, told climate wire that the nation will source half of its energy from renewable sources by the end of this year. In order to achieve its target of 100% renewables by 2020, Aruba will face the challenge of constant energy flows from PV and wind sources. “When you have a […]
Jamaica reviews waste to energy proposals
May 5, 2016
Jamaican Minister of Local Government and Community Development, Hon. Desmond McKenzie, reported that a number of local and international companies have expressed interest in constructing waste-to-energy plants on the island. Proposals were submitted in response to an announcement made in March by Hon. Andrew Holness, in which he said that Jamaica will seek to implement […]
Fortune favors the bold: St. Vincent moves swiftly to develop geothermal
May 2, 2016
In a region which has struggled to get its geothermal ducks in a row, everything appears to be coming together in Saint Vincent and the Grenadines, for what could be the first geothermal project built in the Caribbean in 30 years. “There’s no reason we should be the first, but we might be because we […]
Jamaica government cuts energy use by 10 GW
April 30, 2016
Wayne Williams, head of Jamaica’s Energy Efficiency and Conservation Program said that programs implemented across all ministries, department and agencies has saved the government $100 million over the last two and a half years. According to Williams, electricity usage has decreased by 10 gigawatt hours across these branches. The installation of solar films on windows, […]
Caribbean islands taking steps to shift from diesel to solar
April 29, 2016
Projects in Antigua and Barbuda signal a major shift from diesel to solar-based energy supply and local governments are increasing eager to attract private investment to the sector. At the V.C Bird International Airport a 3 MW sun2live solar plant was recently inaugurated and the installation of further sun2live and sun2roof power systems will generate […]
Antigua & Barbuda walking the walk on climate change adaptation
April 29, 2016
The Government of Antigua & Barbuda is taking steps to live up to its 2014 election manifesto by reducing emissions by 20% by 2020. Prime Minister Gaston Browne said the government he leads fully understands that climate change is a real issue, by explaining: “… we have diversified our energy mix into alternate energy to […]