CREF Market News - Page 83 of 90

First-ever roadmap for Caribbean Islands to be 48% Renewable by 2027
October 28, 2015
A comprehensive work program to achieve renewable energy generation has been outlined by CARICOM in the Caribbean Sustainable Energy Roadmap and Strategy (C-SERMS) Baseline Report and Assessment. The report includes concrete steps for achieving the 48 percent renewables generation target set for 2027. Priority Initiatives, Policies, Projects and Activities (PIPPAs) aim to tackle existing barriers […]
Startup provides solar energy in rural Haiti
October 21, 2015
RE-VOLT is on a mission to bring affordable and reliable solar energy in rural Haiti and is running a crowdfunding campaign to help fund the expansion of its service to bring power to the people in rural Haitian homes for the first time. Customers, who are charged a low monthly fee of 250 Haitian Gourdes (about […]
IDB and CDB Sign Sustainable Energy Facility (SEF) for the Eastern Caribbean at CREF 2015
October 20, 2015
SEF will fund renewable energy, including geothermal power, energy efficiency, and institutional capacity projects in six Eastern Caribbean countries The Sustainable Energy Facility for the Eastern Caribbean; a US$71.5 million loan and grant package approved by the Inter-American Development Bank (IDB) and the Caribbean Development Bank (CDB); was today signed by Presidents Alberto Moreno of […]
Cuban farmers use renewable energy to protect environment
October 20, 2015
Cuban farmers are ahead of the curve with techniques to use renewable energies for environmental protection. The operation of 200 windmills and 20 solar panels in the sector of Villa Clara is one example of hardware infrastructure used. Additionally, 130 biodigesters are currently used for the treatment of pork residuals and 300 more will be […]
A Boost for Green Energy in the Eastern Caribbean
October 18, 2015
A Boost for Green Energy in the Eastern Caribbean The United Kingdom’s Department for International Development is increasing its support for the development of green energy in the Eastern Caribbean. An agreement to contribute approximately $3.9 million USD will provide support the Caribbean Development Bank’s Sustainable Energy for the Eastern Caribbean initiative. Financing will support […]
The Business Case for Solar Power in the Caribbean: Bacardi HQ Running on 100% Sunshine
October 16, 2015
After contending for too long with high Caribbean electricity prices, Bacardi installed a 24.75 kW solar array on its San Juan headquarters. The array, which produces 100% of the building’s power needs, is projected to pay for itself in just five years. The installation of these panels has been one of several initiatives undertaken by […]
Jamaican Government Saves $80 Million through Energy Efficiency and Conservation Projects
October 14, 2015
Since 2011, The Jamaican government has saved $80 million on its electricity bills through a partnership with the IDC called the Energy Efficiency and Conservation Program (EECP). Energy usage has been reduced by replacing outdated air conditioning units and lighting and by installing central cooling, solar film and windows and by painting roofs. According to […]
Oil Prices and the Future of Petrocaribe
September 30, 2015
An article in the Huffington Post discusses the relationship between nineteen Caribbean and Central American countries and Venezuela. Petrocaribe is a financing mechanism in which participating countries purchase oil from Venezuela at a discounted price and repay the difference over time with a low interest rate attached over a period of 17 – 25 years. To […]
St. Kitts & Nevis Push Forward with Geothermal Development
September 29, 2015
After signing a Memorandum of Understanding with a company from Guadeloupe to develop geothermal energy in St. Kitts over the next five years, Premier Honorable Vance Amory assured residents of the island of Nevis that St. Kitt’s pursuit of geothermal will not delay geothermal development in Nevis. On the contrary, geothermal development in St. Kitts […]