CREF Market News - Page 73 of 90

USAID project bolsters Dominica’s climate change resilience
June 13, 2016
Dominica continues to work on recovery efforts from Tropical Storm Erika, which hit the island last year. A USAID-funded project will help to improve resiliency against climate change and future storms. United States ambassador to Barbados, the Eastern Caribbean and the Organization of Eastern Caribbean States (OECS) Linda Taglialatela praised the $9.5 million Rallying the […]
Jamaica’s solar PPA breaks records at 8.5 cents/kWh: who’s the big winner?
June 13, 2016
The recent PPA awarded at 8.54 US cents/kWh for a 33.1 MW PV project now ranks solar energy as the cheapest source of electricity in Jamaica. Eight Rivers Energy Company Limited (EREC) won the bid, beating out 18 competing projects. “Yes, it is lean – there’s not a lot of fat – but I think […]
Developer of Nevis geothermal project seeking funding from OPIC
June 13, 2016
Nevis Renewable Energy International has approached the Overseas Private Investment Corporation (OPIC) to finance a geothermal project. The project has had a couple challenges that will raise questions for the powerful fossil fuel group, including one well site where significant steam levels did not produce the energy projected by administrators. The government of Nevis has deferred […]
US approves commercial flight service to Cuba
June 10, 2016
This week the US approved commercial flights to nine sites on Cuba – a major breakthrough for the island’s tourism and commerce sectors. Six carriers will operate from locations in the US; American Airlines, Frontier Airlines, Jetblu Airways, Silver Airways, Southwest Airlines and Sun Country Airlines. Between these carriers, requests for nearly 60 flights for […]
British biomass JV targets renewable energy in Cuba
June 9, 2016
A British firm is seeking to generate renewable energy from the byproducts of Cuban sugarcane production. Esencia, a UK-based holding company for Havana Energy, is working to construct the first of five biomass plants on the island. Robert Miller, director of Britain’s Cuban Solidarity Campaign (CSC) said, “We hope that this long worked-for venture will help […]
Dominica: geothermal projects should not be on back-burner
June 8, 2016
UK Parlimentary Under Secretary of State for International Development, Baroness Sandip Verma, paid an official visit to Dominica this week. She expressed the UK government’s interest in long term economic development in a statement: “You obviously have a vision for your country,” she said to the Hon. Prime Minister Skerrit. “We also have a vision […]
St. Lucia: LED lighting to cut government spending on electricity by a third
June 2, 2016
The installation of LED bulbs in street lamps is expected to cut government spending on electricity by one third annually. Savings will total $6 million per year. The board of directors of the Caribbean Development Bank approved $9.5 million in funds for the project. Saint Lucia’s Energy Minister, Hon. Dr. James Fletcher, stated that the […]
Online course on geothermal exploration offered for Latin America & Caribbean professionals
May 29, 2016
A “Basic Course in Geothermal Exploration for Regional Integration” will be offered by the National Energy Board of El Salvador, the University of El Salvador and LaGeo, in collaboration with the Inter-American Development Bank (IADB). Two sessions will be offered online, starting on July 18th and 25th respectively, and running for 8-9 weeks. The course has […]
Guadeloupe: geothermal exploration license granted
May 25, 2016
The French government granted the island of Guadeloupe a license to explore for geothermal in the area of Vieux Habitants. The license will allow exploration through geological, geophysical and geochemical surveys to be conducted over the next five years. The first part of the study, which involves surface exploration, is expected to be finished by […]