CREF Market News - Page 58 of 90

JPS and Eight Rivers PPA signed; 37 MW solar project to begin construction shortly
March 17, 2017
JPS has now signed a Power Purchase Agreement, with Eight Rivers Energy Company, which will be constructing a 37MW Solar Power Plant in Paradise Park Westmoreland later this year. Under the agreement, JPS will be purchasing electricity from the new solar facility for twenty years, to the year 2038. New Energy Events reported on this […]
St. Lucia 12 MW wind farm on hold after developer pulls out; government stays committed to wind power
March 13, 2017
The Government of Saint Lucia has expressed its commitment to continue to work towards the development of renewable energy on the island. This after US-based firm WindTex Energy disappointingly cancelled plans for a previously announced wind farm on the east coast, less than four months after the new administration gave its commitment to the developer, […]
Antigua and Barbuda complete 11 solar PV installations
March 13, 2017
The twin-island state Antigua and Barbuda has taken a leading role in terms of clean energy supply in the Caribbean. This leadership has been strengthened through the completion of 11 solar installations on the small private island Jumby Bay in the north of Antigua by the renewable energy provider PV Energy Limited. The implementation of […]
Jamaica at 15% renewables, ahead of schedule for 2030 goal
March 6, 2017
Jamaica is ahead of schedule in achieving 30 per cent of its energy consumption from renewable energy sources by the year 2030. Speaking at the launch of the Sustainable Energy and Climate Change Master’s Programme at the University of Technology (UTech), today, Minister of Science, Energy and Technology, Dr Andrew Wheatley, pointed out that Jamaica […]
EU commits $2.5m to micro-utility Sigora Haiti
March 3, 2017
The European Commission‘s electrification financing initiative, ElectriFI, has made its first investment of US$2.5 million in clean energy micro-utility Sigora Haiti, supplying households, schools and small firms with electricity. ElectriFI received 290 proposals in response to its first call for investment in April 2016 before passing management of the €75 million fund on to the Association of European Development Finance […]
Bahamas prepares to connect small-scale solar PV
March 2, 2017
Bahamas Power and Light is weeks away from bringing rooftop solar PV to businesses and homeowners. During an interview with local radio show, Minister of Environment and Housing Kenred Dorsett said Bahamas Power and Light (BPL) is making preparations to connect small scale PV to its electricity grid. “BPL indicated last month that they are […]
CDB and IDB strengthen partnership
February 23, 2017
The Caribbean Development Bank (CDB) and the Inter-American Development Bank (IDB) have signed a memorandum of understanding (MOU) to strengthen their ongoing partnership in addressing the Caribbean’s development priorities. Through the MOU, signed at the IDB’s headquarters in Washington, D.C. on February 21, 2017, both institutions have renewed their commitment to collaborating on programmes and […]
Dutch Caribbean pushes islands to be majority renewable powered
February 22, 2017
St. Eustatius and Saba, islands of the Dutch Caribbean, are boldly pushing their island systems to be solar and wind powered. In St. Eustatius, a solar field is being expanded and at the projects completion in September, solar energy will generate 46% of the island’s electricity. Wind energy is under assessment and if added could take […]
UAE-Caribbean renewables fund opens first application cycle
February 15, 2017
The UAE-Caribbean Renewable Energy Fund, announced last month at the IRENA General Assembly, has released guidelines and officially opened applications for the first cycle of funding. The government of the United Arab Emirates (UAE) is supporting renewable energy projects in Caribbean islands through $50m in grants, with two key objectives: Increase the use and resilience […]