CREF Market News - Page 64 of 90

Proposed new energy strategy for Saint Lucia
November 2, 2016
The Government of St. Lucia (GoSL) has developed a new strategy to address clean energy on the Caribbean Island. A study, along with independent analysis from the Rocky Mountain Institute-Carbon War Room (RMW-CWR), and the Clinton Climate Initiative (CCI), have identified opportunities for new investments and ownership structures to benefit customers. The strategy must have […]
Dominica sets aside $15 million for geothermal project
November 2, 2016
Dominica is committing US$15 million for the development of a geothermal project that has been in a test phase since 2012. Although recent inclement weather has challenged the financial security of the project, the government still views the project as a priority. Part of the commitment involves a partnership with New Zealand for the development […]
Barbados Light & Power selects Landis+Gyr for advanced metering and grid management project
November 2, 2016
Barbados energy utility Barbados Light & Power (BLP) needs to address the challenge of integrating intermittent renewables and balancing load to reduce generation costs. For that reason, the utility has selected Landis+Gyr for a comprehensive smart grid technology project that includes advanced metering through Landis+Gyr’s Gridstream® AMI solution and meter data management. BLP priorities include […]
Colombia a leader in meeting (some) 2030 UN Development Goals
November 1, 2016
Colombia has taken many of the goals set by the UN 2030 agenda quite seriously, playing a key role in the formulation of priority setting of goals. The Latin American country is leading the region in reduction of violent deaths and poverty, but targets related to clean energy and reducing violence against women have yet […]
U.S. ease on Cuba sanctions to benefit foreign oil producers
November 1, 2016
The Obama administration has recognized that lifting sanctions against Cuba is a first necessary step toward the country’s inclusion into International Financial Institutions (IFIs) and its ability to attract foreign private investment. MEO Australia is one of few foreign companies operating in Cuba and has discovered an oil deposit on the northern coast. It expects […]
Sustaining T&T through renewable energy
November 1, 2016
The case for renewable energy in Trinidad & Tobago can be made through solar and wind resources, abundant in the region. Acting alone, the 5,131 square kilometer island cannot have much impact in global emissions, but combined with other initiatives in the Caribbean, there is potential for the country to become a leader in energy […]
“More Than 80% Now Have Power,” says BPL
November 1, 2016
Bahamas Power and Light (BPL) authority says that over 80% of the more than 5,000 residential customers of New Providence have had electricity restored. Two teams each from PowerSecure and Caribbean Electricity Utility Services Corporation (CARILEC) are working with local contractors and aim for a “full-restoration” by the end of the week. Significant progress has […]
Investing in Haiti: The market weighs in
November 1, 2016
Would a strong regulatory framework encourage private sector money to flow into Haiti’s renewable energy sector? Should rural mini grids be a greater target area for investment? If the views of potential investors in attendance at last week’s Caribbean Renewable Energy Forum (CREF) 2016 are any indication, then the answer would be a resounding yes. […]
2016 brings $33M in AFD investment in Caribbean infrastructure
October 28, 2016
Earlier this year, the Caribbean Development Bank (CDB) and Agence Française de Developpement (AFD) signed an agreement under which the latter will provide $33 million of financing in sustainable infrastructure projects in the Caribbean region. The agreement, announced 23 August, was signed in July at CDB’s Barbados headquarters by the French Ambassador to the Organisation […]