CREF Market News - New Energy Events

Stuart Young, Trinidad & Tobago’s Minister of Energy, proposes a Caribbean energy alliance with Guyana and Suriname
February 1, 2023
The Minister of Energy in Trinidad and Tobago, Stuart Young, proposed a Caribbean energy alliance with Guyana and Suriname as a means to ensure the region’s energy security. Source: Reuters
“The Dominican Republic will hit 600 MW in renewable energy by the end of the year “
February 1, 2023
The Dominican Republic currently has 15 renewable energy projects in development, 12 of which are currently in the construction phase with operations expected to begin by the end of 2023. These projects will bring 600 MW of clean energy to the Dominican electrical system by the end of the year. Source: Dominican Today
Dominican Republic’s CNE approved the development of two solar PV farms with a combined capacity of 23 MW
February 1, 2023
The Dominican Republic’s CNE granted concession for the development of two solar PV farms, one with a capacity of 13.8 MW and the other 9.2 MW. Source: Renewables Now
The World Bank provides US$110 million in financing to support Barbados’s transition to low-carbon economic development and climate resilience
January 18, 2023
The World Bank approves US$110 million in financing for Barbados to support its low-carbon economic development and climate resilience. The loan has two main pillars, the first focusing on green and blue resilient development, including water reuse, adoption of climate change and agriculture policy, and the establishment of an Environmental Sustainability Fund, among other items. […]
Saona Island in the Dominican Republic becomes the first and only island in the hemisphere to use 100% renewable energy
January 18, 2023
Saona Island is powered entirely by renewable energy due to the recently completed Saona plant, making it the first and only island in the hemisphere to run on 100% renewable energy. The Saona plant, designed and commissioned by the Bayahibe Electricity Company (CEB), has a storage capacity of 5 MWh with potential for expansion based […]
The St. Kitts and Nevis geothermal project moves forward with drilling after receiving US$17 million in funding from the CDB
January 18, 2023
The St. Kitts and Nevis geothermal project progresses after receiving US$17 million in funding from the Caribbean Development Bank. The project is currently in development and has began drilling. Source: St Kitts Nevis Observer
The Dominican Republic’s CNE granted a concession for the 110 MW/131 MWp Coastal Solar PV project
January 5, 2023
The Dominican Republic’s national energy commission granted concession for a 110 MW/131 MWp PV project that will be located in the province of San Pedro de Macoris. Source: Renewables Now
Construction has started on a facility that will harness solar energy on the island of Anegada in the British Virgin Islands
January 5, 2023
Construction has started on Anegada’s hybrid renewable energy & battery storage system that will harness solar energy to power the island. The facility will have the capacity to supply around 2.9 MW of energy, relieving the BVI Electricity Corporation of the electricity subsidies it has been paying for years. The project will also make rates […]
Cuban state company announces a new program to power water pumping systems with PV systems
January 5, 2023
Grupo Empresarial Agua y Saneamiento, the Cuban state company in charge of supplying drinking water and the island’s sewage network, announced they will install photovoltaic energy equipment in eight provinces to be used for water pumping. The project will save 7.1 GW to the National Electric System (SEN). Source: PV Magazine LATAM