CREF Market News

Construction begins on hurricane-resistant clean energy power plant in Antigua and Barbuda under UAE-Caribbean Renewable Energy Partnership Fund

The UAE-Caribbean Renewable Energy Partnership Fund has announced the start of construction for a hurricane-resistant clean energy plant in Antigua and Barbuda to help the twin-island nation recover from the devastating effects of Hurricane Irma in 2017. Source

Caribbean Clean Energy: A Reality Check

From our Editorial Team

A powerhouse line-up of women leaders, representing islands across the Caribbean and Hawaii, gave their perspectives on a broad scope of Caribbean clean energy topics including how Covid has impacted the energy transition, the impact on project pipelines and how policymakers and multilaterals are responding. This discussion took place during a webinar on Wednesday, October […]

Devastating hurricanes in Caribbean five times likelier if climate targets not met

Researchers believe the chances of a devastating storm in the Caribbean will increase five-fold if the Paris climate targets – to limit the global average temperature increase to 2C above pre-industrial levels – are not met. Source

Eight Reasons to Safeguard Western Puerto Rico’s Ocean and Coast

From fishing and diving to community gatherings, Puerto Rico’s culture and economy rely on a healthy environment and blue economy, says Pew Trusts. Source

Caribbean Motors steering Belize into the future with electric cars

Caribbean Motors is opening the next chapter in Belize’s legacy of positive environmental actions by bringing in Belize’s first line of electric cars. Source

Bajans keen on renewable energy

Emera Caribbean Renewables Ltd (ECRL) is reporting an increased interest in renewable energy systems among Barbadians, especially in the last year. Source

Green recovery of Latin America and the Caribbean is possible and necessary

According to the World Bank Group, they “have married investment in COVID-19 response and recovery with finance that prioritizes inclusive development and longer-term resilience across our portfolio in the region. Source

Bermuda Government leads from front on electric vehicles

Contractors have been asked to respond to a request for proposal on the supply of electric vehicles for the government fleet. The Bermudian government is attempting to procure a fleet of over 600 vehicles includes motorcycles, cars, trucks and various medium and heavy-duty vocational vehicles. Source

Haiti makes big moves for rural solar mini-grids

The Haitian Government launched a new program for the development of privately led mini-grids in Haiti. PHARES (Programme Haïtien d’Accès des communautés Rurales à l’Energie Solaire – Haitian Program for Access to Solar Energy in Rural communities) is a bottom-up supported by both IDB and World Bank. The program provides subsidies to private developers/operators to […]