CREF 2025 Market News - Page 3 of 4

EGEPC launches tender for 40 MW solar plant in the DR
January 9, 2025
EGEPC has launched a tender for a 40 MW solar plant to improve the efficiency of its Punta Catalina thermoelectric plant in the Dominican Republic. The project aims to reduce greenhouse gas emissions by integrating solar energy into the existing coal-fired units, which produce 720 MW for the National Interconnected Electric System. The tender will […]
Grenada launches “Build Back Better” project to rebuild homes and infrastructure in Petite Martinique after Hurricane Beryl
December 19, 2024
Grenada has launched the “Build Back Better” project in Petite Martinique to rebuild homes with storm-resistant structures, following the devastation caused by Hurricane Beryl in July. The initiative aims to offer long-term security for affected residents, with the government already constructing three new homes and planning additional projects to support those unable to afford repairs. […]
EGE Haina receives greenlight for 100 MW wind and solar project in the Dominican Republic
December 19, 2024
EGE Haina has received approval for a 100 MW renewable energy project in the Dominican Republic, comprising a wind farm in Valverde province and a solar farm in San Cristóbal province. This initiative supports EGE Haina’s goal to reach 1,000 MW from renewable sources by 2030. Source: Renewables Now
Trinidad and Tobago advances renewable energy goals with LiDAR deployment for wind resource assessment
December 19, 2024
Trinidad and Tobago has successfully deployed LiDAR devices in Orange Valley and Galeota to measure wind data for the onshore Wind Resource Assessment Programme (WRAP), marking a milestone in its renewable energy journey. Supported by the European Union and coordinated by the Ministry of Energy and Energy Industries (MEEI), the initiative aims to achieve the […]
Dominican Republic targets 25% renewable energy by 2025
December 6, 2024
The Dominican Republic is aiming to generate 25% of its electricity from renewable sources by 2025, as part of its commitment to energy diversification. Solar energy will spearhead this transition, with penetration expected to grow from 8% to 17% within a year. Source: Net Zero Circle
Bahamas announces US$300 million debt-for-nature swap for marine conservation
December 6, 2024
The Bahamas has refinanced US$300 million of its external debt, securing over US$120 million for marine conservation and climate change mitigation projects. This “debt-for-nature” deal, the fifth of its kind globally, was made with The Nature Conservancy, the Inter-American Development Bank, and other financial partners. Source: AP News
Barbados launches world’s first debt-for-climate resilience swap
December 6, 2024
Barbados has implemented the world’s first “debt-for-climate resilience” swap, unlocking US$165 million for climate adaptation projects. The deal allocates US$125 million to upgrade sewage treatment plants, improving water supplies and reducing marine pollution, alongside investments in water infrastructure, food security, and environmental protection to combat climate change effects. Source: Reuters
CTO advocates for climate-resilient tourism at COP29, urges action for SIDS
November 21, 2024
The Caribbean Tourism Organization (CTO) is using its platform at COP29 in Baku, Azerbaijan, to spotlight the severe climate challenges faced by small island developing states (SIDS), with a focus on the vulnerability of the Caribbean’s tourism sector. As tourism is central to the region’s economy, the CTO aims to highlight the impacts of climate […]
Caribbean Export and CCREEE renew partnership to drive renewable energy and energy efficiency in the Caribbean at COP29
November 21, 2024
At COP29 on Energy Day, the Caribbean Export Development Agency and the Caribbean Centre for Renewable Energy and Energy Efficiency (CCREEE) renewed their Memorandum of Understanding to promote renewable energy and energy efficiency across the Caribbean. The partnership focuses on supporting Caribbean businesses through technical assistance, capacity building, and the joint development of projects to […]