CREF Market News - New Energy Events

CARICOM Supplies Guyana Power and Light with Surplus of Solar Energy

CARICOM will produce solar-generated electricity soon after Guyana commissioned a 400-kilowatt solar photovoltaic power generation plant and battery power conditioning system on their compound in Liliendaal, Greater Georgetown. The Japanese government funded the USD 7 million project consisting of 1,500 solar panels, servers, batteries, a carport, and space for educational/recreational activities. CARICOM expects the facility […]
Matrix Renewables Closes Financing for 328-MW Solar Dispersed Generation Portfolio in Chile

Matrix Renewables, a Madrid-based renewable energy platform backed by the global alternative asset manager, TPG, closed a non-recourse, long-lasting financing agreement for 328 MW of solar-dispersed generation (DG) projects in Chile. Out of the 48 photovoltaic projects in Chile’s PMGD program (projects with a generation capacity surplus is lower than or equal to 9,000 kW), […]
MPC Energy Solutions Begins Development on El Salvador Solar Plants

MPC Energy Solutions (MPCES) closed the financial deal with a local lender, Banco Agricola, for the Santa Rosa & Villa Sol solar photovoltaic (PV) plants in El Salvador – with a combined capacity of 21.07 MWp. MPCES expects the plants to begin energy production towards the end of 2022 – generating around 43 GWh a […]
RUBiS Energy Jamaica will Acquire 80 Percent of Photosol France

RUBiS Energy Jamaica will complete a £1.2 million deal and acquire 80% of the solar energy company Photosol France. The agreement will allow RUBiS to supply markets with photovoltaic or solar panels and subsequently increase the development of the renewable energy market in Jamaica and the Caribbean. Source: Jamaica Loop News
Barbados phases out inefficient lighting in an effort to meet its renewable energy goals by 2030

In an effort to achieve its goal of becoming a 100 per cent renewable energy and carbon-neutral island-state by 2030, Barbados has began the first of five phases by prohibiting the importation of any electrical lamp which emits less than 15 lumens per watt. The objective of the phase-out process is to reduce the cost […]
Banks look for mandates to finance Caribbean renewable energy projects

Caribbean commercial and investment banks, once hesitant, are now moving aggressively to finance clean energy projects across the region. Source: Jamaica Observer
IDB closes year with nearly US$20 billion in new financing for the Caribbean and Latin America

The Inter-American Development Bank (IDB) and its private-sector arm, IDB Invest predict they will end 2021 with $19.5 billion in new investments for Latin America and the Caribbean. The financing is the second-highest annual total in the history of the organizations. The investments have helped countries start to recover from the pandemic and shift towards […]
KBR Awarded Study to Support Green Hydrogen Growth in Trinidad and Tobago

The Inter-American Development Bank is set to finance a study awarded to KBR with the objectives to establish a green hydrogen market in Trinidad and Tobago. The aim of the study is to identify development opportunities in a low carbon economy with the creation of a plan to get to Net Zero through technological innovation. […]
U.S. firm Eagle LNG signs deal to set up Aruba receiving terminal

U.S. firm Eagle LNG Partners signed a long-term contract to set up a $100-million liquefied natural gas (LNG) receiving and regasification terminal in Aruba with domestic power and water utility WEB Aruba, the companies said. The Aruba LNG terminal, located at Refineria di Aruba, the site of an idled refinery in the city of San […]