CREF Market News - Page 79 of 90

Caribbean lagging in shift to renewable energy, says CDB
March 19, 2016
In a lecture titled ‘Regulating Utilities in Small Island Developing States – Lessons for the Caribbean,’ Dr. Warren Smith, President of the Caribbean Development Bank (CDB) said that the Caribbean is slow in its shift towards renewable energy. While there are regional targets to source 20% of energy from renewables by 2017 and 28% by 2022, the […]
Saft provides lithium-ion batteries for Puerto Rican solar plant
March 18, 2016
Saft will provide energy storage for a 10 MW PV facility in Puerto Rico. The 20P lithium-ion batteries will allow the facility to store energy produced during the day, when energy demand is lower, and distribute it in the evening during peak-demand times. Saft business development manager Jim McDowall said: “In remote locations and islands, […]
Caribbean Climate Innovation Centre is leading the regional response to climate change
March 16, 2016
Established in 2014, the Caribbean Climate Innovation Center (CCIC) seeks to develop a regionally integrated approach to solving the region’s climate, energy and resource challenges. CCIC’s CEO, Evertron Hanson, says that the organization takes an entrepreneurial approach to addressing these issues, “The purpose of this project is to build an entrepreneurial eco system that will […]
Guyana launches energy project
March 15, 2016
In an effort to electrify the 80% of rural areas in Guyana that have no electricity, Guyana’s Ministry of Public Infrastructure, the Multilateral Investment Fund and CARISBSAVE have partnered to implement the Sustainable Business Models for Rural Electrification and Energy Access project. The program will electrify 6,000 homes across 25 communities through solar power. […]
Dominican Republic adds 49.5 MW of wind
March 10, 2016
Empresa Generadora de Electricidad Haina SA inaugurated a 49.5 MW wind park in the Dominican Republic. The project, which cost 120 USD and took 18 months to construct, consists of 15 wind turbines. Each turbine has a 3.3 MW capacity. The plant will generate 200,000 Mwh of electricity each year, which will double the DR’s wind […]
Caribbean countries urged to fully develop energy sector
March 10, 2016
While many Caribbean countries acknowledge that reducing energy costs will help the region’s economy improve, governments face competing priorities, making the investment in renewables will benefit the economy in the long-run, coming up with the funding for these projects is a challenge. A study produced by the International Monetary Fund (IMF), “Caribbean Energy: Macro Related Challenges,” highlights […]
Major Wind Energy Project Is Coming to St Lucia
March 8, 2016
St. Lucia’s Prime Minister, Dr. Kenny Anthony, announced this week that a 12 MW wind far is on the horizon for the island nation. Once completed, the project could produce as much as 20% of St. Lucia’s electricity needs.
Webinar on Financing Storage for Islanded Renewable Energy Systems
March 8, 2016
IRENA, under the umbrella of the SIDS Lighthouses Initiative, aims to facilitate the financing of energy storage in island systems. For this purpose, a paper “Financing Storage for Islanded Renewable Energy Systems”, highlighting the difficulties and potential solutions to the securing of financing for energy storage projects in remote areas and islands, has been prepared. […]
Oriana Energy begins construction of 45-MW PV plant in Puerto Rico
March 7, 2016
Construction of a 45 MW solar plant in Puerto Rico began last week. Once completed, the solar farm will generate 125,000 MW annually. Led by Oriana Energy, a partnership of two US energy firms, the project will cost $160 million to complete.