CREF Market News - Page 34 of 90

Gender equality top priority for Caribbean Development Bank
April 8, 2020
The Board of Directors of the Caribbean Development Bank (CDB) has this week approved the Bank’s new Gender Equality Action Plan 2020-2024 to deepen its work on gender equality in Borrowing Member Countries and in the institution. Building on its investment in gender equality during the last decade, CDB is stepping up its gender responsiveness. […]
BVIEC receives five bids for 2 MW solar and storage project
April 8, 2020
Following a site visit on December 11, 2019, by twenty-eight global companies, five companies have submitted bids for the Anegada Hybrid Renewable Energy and Battery Storage System Project. BVIEC said the companies who submitted bids and their main characteristics for the project are Advanced Solar Products, MAN-HEG, Power52, Tugliq and Virtual Engineers. The combined Project […]
Belco takeover awaits regulatory approval
April 8, 2020
The Regulatory Authority is inviting comments through May 4, 2020 from the public on the proposed change of control of utility Belco. Algonquin Power and Utilities Corporation, a Canadian group, has agreed to acquire Ascendant Group Ltd, parent company of Belco, in a deal worth more than $360 million. Ascendant’s board and shareholders have approved […]
Jamaica takes a closer look at pumped hydro
March 26, 2020
Jamaica has started studying the potential for pumped hydro storage on its electric grid to supply the grid with energy in times of need, as announced by Prime Minister Holness. The project envisions pulling water from the Middlesex aquifer in St Ann parish and pumping the water to reservoirs at higher elevations. The water would […]
Barbados issues tender for 4.5 MW of solar PV
March 20, 2020
The Barbados Water Authority is seeking proposals for three PV plants for a total of 4.5 MW of generation capacity plus a 2 MW microturbine. The installations will power pumping stations. Bids can be submitted until March 31. This additional solar energy will contribute to the island’s goal of 29% renewable energy by 2029 and […]
Cuba to develop renewables roadmap with EU 18m support
March 16, 2020
In the first dialogue between Cuba and the EU, Cuba stressed the importance of the support of the EU in achieving energy independence. Given the intensification of the US blockade and its impact on access to fossil fuels, alongside Cuba’s commitment to combating climate change, renewable energy will be an important part of Cuba’s energy […]
Jamaica fires up first CHP plant, fuelled by LNG
March 13, 2020
New Fortress Energy began commercial operations of its gas-fired combined heat and power (CHP) plant at the Jamalco refinery in Halse Hall, Clarendon, and hailed the development as another milestone achievement in Jamaica’s transition to natural gas. “We are thrilled to announce the completion of the region’s first combined heat and power plant,” a company […]
MPC Capital targets $90m fund for Caribbean renewables
March 13, 2020
Over the next two years, MPC Capital aims to raise USD 90 million from US-based impact investors, institutional investors and foundations. The money will be allocated to up to 15 renewable infrastructure projects in the Caribbean. MPC Capital made its first investment in the renewable energy sector in the Caribbean in 2016 and has since […]
New Fortress Energy plans for a hydrogen fuelled future
March 12, 2020
New Fortress Energy LLC has plans to become a hydrogen supplier within the next decade, to achieve net-zero emissions. Currently, New Fortress Energy sells LNG to fuel power plants in the Caribbean, with plans to expand in other regions. He acknowledged that the goal is an ambitious one, with no guarantee that hydrogen will be […]