CREF 2024 Market News - New Energy Events

IDB Invest and DFC launch new co-financing framework for Latin America and the Caribbean
May 3, 2024
IDB Invest and the United States International Development Finance Corporation (DFC) have launched a new co-financing framework to bolster collaboration on high-impact development projects across Latin America and the Caribbean. As an extension of the Americas Partnership Platform, announced by US President Joe Biden, the framework streamlines the process for providing up to US$50 million […]
Jamaica initiates ‘Blue Green Facility’ to address climate challenges
May 3, 2024
The Government of Jamaica, in collaboration with various international partners including the Green Climate Fund, Inter-American Development Bank, World Bank Group, and others, is discussing the establishment of a “Blue Green Facility” aimed at providing up to US$ 500 million over five years. The fund will comprise a combination of grants, concessional debt, guarantees, and […]
St. Kitts and Nevis Prime Minister explores partnership for geothermal project
May 3, 2024
St Kitts and Nevis Prime Minister, Dr. Terrance Drew, has had discussions with UAE-based investment firm K&K Group regarding the development of the much-touted geothermal project in Nevis. Source: ThinkGeoEnergy
LASCO distributors completes solar pilot project in partnership with UWI and USAID
April 15, 2024
LASCO Distributors has completed the UWI/LASCO Solar Pilot Project, installing a 500 kW PV+ system at its facility in Spanish Town, St Catherine, and a 10 kW Solar Hybrid system at the Central Village Multi-Purpose Centre. Developed with USAID and JERA, this project is one of Jamaica’s largest and will serve as a research and […]
Guyana Utility-Scale Solar Photovoltaic (Guysol) partners with Sumec for 18 MW solar parks
April 14, 2024
Guyana Utility-Scale Solar Photovoltaic (Guysol) has partnered with Chinese company Sumec to construct solar parks in Guyana totaling 18 MW. Funding for the projects is sourced from the government’s Guyana REDD+ Investment Fund, managed by the Inter-American Development Bank (IDB). Source: PV Magazine LATAM
St. Kitts and Nevis Prime Minister to lead renewable energy funding talks in Abu Dhabi
April 14, 2024
Prime Minister Dr. Terrance Drew of St. Kitts and Nevis is preparing for an international trip focused on securing funding for a groundbreaking renewable energy project and participating in two prominent panel discussions. His itinerary includes a crucial visit to Abu Dhabi, UAE, where he plans to engage in further talks with a consortium interested […]
IDB approves $60 million credit line to boost blue economy in the Bahamas
April 14, 2024
The Inter-American Development Bank (IDB) proposed a US$60 million Conditional Credit Line for Investment Projects aimed at promoting sustainable development in The Bahamas. This initiative targets the growth of micro, small, and medium-sized enterprises (MSMEs) within the country’s blue economy sector. Source: IDB
Puntacana Group partners with Eurelius for solar energy project in Punta Cana
March 14, 2024
The Puntacana Group and Eurelius have signed an agreement to implement a solar energy generation project in Punta Cana, Dominican Republic. This project will generate over 50% of the energy consumed in the community, with plans for more than 30 MWp of solar production and over 50 MWh of battery storage. Source: PV Magazine LATAM
Antigua and Barbuda inaugurate hybrid solar plant
March 14, 2024
A new solar and battery project in Antigua and Barbuda, funded by the UAE-Caribbean Renewable Energy Fund, is now operational. The design includes solar panels and batteries that can withstand hurricanes and supply all daytime energy needs. PV Magazine LATAM