CREF Market News

Cox Energy America to buy 40% in Spanish PV firm Ibox Energy

Mexico City-based Cox Energy America SAB de CV on Wednesday announced its arrival in Europe via an agreement to acquire a 40% in Spanish solar PV specialist Ibox Energy for an estimated $95 million euros. The aspiring buyer is the Mexico-listed subsidiary of Spanish renewables firm Cox Energy Solar SA and invests in projects in […]

Study of Caribbean energy consumption underway

A new study by the Inter-American Development Bank (IDB) provides an analysis of the evolution of energy consumption and expenditures in Latin America and the Caribbean (LAC), composition by energy source. The study by the Washington-based financial institution says that energy services represent the second most important expense in household budgets in LAC, surpassed only […]

BMR Energy rebuilds hurricane-damaged St. Thomas solar farm

BMR Energy, a Virgin Group company and developer, owner, and operator of clean energy projects in the Caribbean and Latin America, announced today that it is starting construction of the 6.4-megawatt (MWp) Donoe Solar farm in St. Thomas. The facility is expected to be completed and enter service in the fourth quarter of this year […]

Barbados RF bank completes BBD$14M green energy bond

Barbados-based RF Merchant Bank & Trust Limited (RF) announced that it has completed a fund raise of BBD$14M in Green Energy bonds for Williams Renewable Energy Limited  — a wholly owned subsidiary of Williams Caribbean Capital, an entity focused on alternative energy.   Source

Algae cleared from Caribbean beaches can power hotels

Y.A. Maof, an Israeli company that works on environmental and waste disposal projects. After a trip in the Dominican Republic, the company found combining the algae found on the beach with organic waste in a biogas facility could enable energy generation. A pilot has been set up to evaluate the impact. Source

The critical need for smart software with energy storage

In an interview, Andrew Tang, Vice President of Energy Storage and Optimisation at Wärtsilä Energy, discusses how technology is being used around the world and the Caribbean, and the importance of software for the uptake of energy storage.   Source

Solar-led renewable energy system could free up 10% of Antigua and Barbuda’s GDP

A mix of solar and wind power can help Antigua and Barbuda to an almost-90% renewable energy system, and green hydrogen could then show the path to hitting the national ambition of 100% green power by 2030, and net zero by 2050. Source

MPC Caribbean Clean Energy assessing impact on tariff reduction at its Costa Rican associated company, Tila Wind

Jamaica and Trinidad cross listed company MPC Caribbean Clean Energy Limited is now assessing the commercial impact of the Costa Rican light and power company reducing the tariff on energy produced by its associated renewable energy company in that country, Tila Wind Corporatión S A, which trades under the name Tilawind. Source

RFP for new natural gas-fired generation in the Dominican Republic

The Dominican government just launched today the RFP for new natural gas-fired generation, through the three state-owned energy distribution companies, EDENORTE, EDEESTE Y EDESUR, as off-takers, in coordination with the Ministry of Energy and Mines. Under the supervision of the Superintendence of Electricity, the entities are calling for bids for the purchase of energy through […]