CREF Market News - New Energy Events

Assassination of Haitian Leader Highlights Nation’s Monopoly-Dominated Economy

The killing of President Jovenal Moïse took place against a backdrop of elite power, anticompetitive policies, and the U.S. doing little to create open markets. The power vacuum and dangerous instability in the Francophone nation result from many factors, but the American media ignore big ones, including state capture by elites, a grim monopolism that […]
AES sees ‘aggressive’ gas competition in CentAm, Caribbean

The large presence of LNG terminals in Central America and the Caribbean has led to a large availability of natural gas and very aggressive competition, according to Freddy Obando from AES. The US company’s chief commercial officer for Mexico, Central America and the Caribbean made the comment during a virtual forum on the future of gas […]
MPC Clean Energy stock jumps more than 25%

MPC Caribbean Clean Energy Limited saw its value increase by more than a fourth as it led gains Friday in trading on the Jamaica Stock Exchange (JSE). The stock rose 25.64 per cent to close at $147, with only 76 units trading. Source
As South American LNG demand soars, New Fortress secures gas supply through 2027

New Fortress Energy Inc. (NFE) has reached an agreement for liquefied natural gas (LNG) supply through 2027 for most of its import terminals and power generation facilities. The company has nine import terminals in operation or under development in the Caribbean, Central America, Mexico and South America. It imports LNG in underserved markets where it’s […]
Puerto Rico, U.S. Virgin Islands closer to getting $2 billion for electric grid repairs

The U.S. Department of Housing and Urban Development published a federal register notice for $1.93 billion in electrical grid funding, outlining the rules and regulations governing its use. The money is meant to help the electrical system become more resistant to future storms and climate change, as well as emit less carbon dioxide. It also requires […]
Deetken Impact Sustainable Energy Signs Agreements to acquire participation in the Monte Plata Solar power plant in the Dominican Republic

Impact asset manager Deetken Impact Sustainable Energy (DISE), announces the signing of agreements for the acquisition of the Monte Plata solar power plant in the Dominican Republic. DISE will participate through its two renewable energy Funds, H-REFF (Honduras Renewable Energy Financing Facility) and CABEF (Caribbean Basin Sustainable Energy Fund), that co-invest in Central America and […]
ECLAC: Caribbean has right conditions to become renewable energy hub

The Economic Commission for Latin America and the Caribbean (ECLAC) says the region has all the right conditions to become a renewable energy hub with great potential in green hydrogen. “Several countries in Latin America and the Caribbean have advantages for entering this market because their electricity matrices are relatively clean or are in the […]
Integrate Caribbean energy services markets

Integration of the Caribbean energy services markets could help to make businesses more competitive and reduce costs for project development and hence, eventual prices to consumers. This should be a focus for CARICOM in the implementation of the Single Market and Economy. There has been a lot less emphasis on making sure that energy services are able to be traded […]
USAID AND CARICOM Development Fund sign an MOU to strengthen cooperation

The United States Agency for International Development/Eastern and Southern Caribbean Mission (USAID/ESC) and the CARICOM Development Fund (CDF) signed a Memorandum of Understanding (MOU) on Monday, June 21. The signing of the MOU occurred at the offices of the CDF in Barbados. The MOU provides a broad framework for cooperation between the two organizations and […]