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CREF 2025 Market News

  • Dominican Republic grants provisional concession for EGE Haina’s 50 MW Los Mangos wind project

    September 25, 2025

    The Dominican Republic’s National Energy Commission (CNE) has granted a provisional concession for EGE Haina’s proposed 50 MW Los Mangos wind project in Baní, Peravia province. The company has 18 months to complete required studies before seeking a definitive concession, with the project eligible for renewable energy incentives. Source: BNAmericas

  • Puerto Rico rooftop solar surpasses 1,200 MW, now powering over 10% of island’s electricity needs

    September 25, 2025

    By June 2025, Puerto Rico reached 1,200 MW of rooftop solar under its net metering program, supplying over 10% of the island’s electricity consumption and generating an estimated 1,800 GWh annually. Rooftop solar capacity has grown fivefold in four years, with most systems paired with batteries that provide backup during outages and may also supply […]

  • Guyana installs 4.8 MW of residential photovoltaic systems to expand renewable energy access

    July 31, 2025

    Guyana’s solar home photovoltaic system project has added 4.8 MW of installed capacity since its launch in July 2023. The initiative aims to expand access to renewable energy in inland and coastal communities not connected to the electricity grid. Source: PV Magazine LATAM

  • Saint Lucia Electricity Services plans 10 MW solar project with battery energy storage

    July 31, 2025

    Saint Lucia Electricity Services (LUCELEC) plans to tender a 10 MW solar project with battery energy storage later this year. The project, which will be the island’s second industrial-scale solar initiative, includes 10 MW of solar power and an energy storage system with 13 MW capacity using two-hour lithium-ion batteries. Source: PV Magazine LATAM

  • Acciona Energía launches 162.6 MWp Cotoperí Solar Complex in La Romana, Dominican Republic

    July 31, 2025

    Acciona Energía has launched the 162.6-MWp Cotoperí Solar complex in La Romana, Dominican Republic. The facility, consisting of three solar farms, will generate 286 GWh of electricity annually, enough to power around 166,000 households. It is now the largest photovoltaic installation in Central America and the Caribbean. Source: Renewables Now

  • CAF and CDB sign landmark MoU to expand development financing and collaboration in the Caribbean

    June 13, 2025

    CAF and the CDB have signed a landmark MoU to deepen collaboration and expand development financing across the Caribbean. Signed during the CDB’s 54th Annual Meeting in Brasília, the agreement outlines joint efforts in project financing, technical assistance, policy dialogue, and capacity-building in key sectors such as climate action, energy, water, and infrastructure. Source: CAF

  • MPC Capital sells stake in Jamaica’s largest solar plant to InterEnergy Group

    April 25, 2025

    MPC Capital has completed the sale of its 34.4% stake in Paradise Park, Jamaica’s largest solar photovoltaic plant (51 MWp), to InterEnergy Group for $5.9 million. Developed in partnership with Neoen and financed by European development banks, Paradise Park is one of the Caribbean’s most significant renewable energy projects. Source: PV Magazine LATAM

  • Wärtsilä signs performance-based decarbonization deal with Curaçao utility Aqualectra

    April 25, 2025

    Wärtsilä has signed a five-year decarbonization services agreement with Curaçao’s utility Aqualectra, tying its payments to outcomes like reduced CO₂ emissions, improved energy reliability, and increased renewable energy use. The deal supports Curaçao’s goal to raise its renewable capacity from 30% to 70% by 2027 and includes the installation of a 38.4 MW grid balancing […]

  • World Bank launches regional facility to boost renewable energy in Eastern Caribbean

    April 25, 2025

    The World Bank has approved the Caribbean Resilient Renewable Energy Infrastructure Investment Facility to support Grenada, Saint Lucia, and Saint Vincent and the Grenadines adopt cleaner, more resilient energy systems. Source: CBS42

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