CREF Market News - New Energy Events

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
Grenlec seeks consultants for solar-plus-storage project at Grenada’s international airport
April 10, 2025
Grenada Electricity Services (Grenlec) is seeking consultants to support the development of a solar-plus-storage project at Maurice Bishop International Airport, featuring a 15.1 MW solar farm and a 10.6 MW / 21.2 MWh battery energy storage system. The World Bank and Caribbean Development Bank will co-finance the project. Source: PV Magazine LATAM
Grenada secures US$12.6 million from UK to advance geothermal energy development
April 10, 2025
Grenada will receive approximately US$12.6 million from the UK Government, through a partnership with the Caribbean Development Bank (CDB) and the Foreign, Commonwealth & Development Office (FCDO), to support expanded geothermal exploration drilling near Mount Saint Catherine. Source: ThinkGeoEnergy
Guyana launches tender for solar and battery storage systems on public buildings across four regions
March 27, 2025
The Guyana Energy Agency has launched a tender for the supply, installation, and commissioning of rooftop solar systems with battery energy storage for public buildings across four regions. Covering 18 sites, including schools, health centers, and municipal offices, the systems will range from 3.3 kW to 5 kW with battery capacities between 19.2 kWh and […]
Belize to structure first energy sector PPP with IFC to develop 80 MW solar and storage plant
March 27, 2025
The IFC is partnering with the Government of Belize to structure and implement a public-private partnership (PPP) for a 50–80 MW solar photovoltaic plant, expected to be operational by 2027. The project also includes a 40 MW battery energy storage system, financed by the World Bank, to support renewable energy integration. This initiative represents Belize’s […]
USACE pioneers sustainable wood management in Puerto Rico
March 13, 2025
The U.S. Army Corps of Engineers (USACE) Caribbean District is integrating responsible tree disposal management into its construction contracts in Puerto Rico. As part of the US$150.7 million Franklin Delano Roosevelt Avenue Bridge replacement project, removed trees are being repurposed at a sawmill instead of being sent to landfills. The initiative promotes sustainable wood reuse […]
Grenada opens first climate-smart fisher facility to boost resilience and sustainability
February 28, 2025
The Nature Conservancy (TNC), in partnership with Grenada’s government and international organizations, has inaugurated the island’s first Climate-Smart Fisher Facility in Soubise, St. Andrew. The facility integrates renewable energy, rainwater harvesting, and coastal protection measures to enhance the resilience of the local fishing community while mitigating climate change impacts. In addition to supporting fishers with […]