CREF Market News - Page 12 of 90

Wavepiston will co-develop a wave energy project with YS Energies Marines Developpement to provide clean energy to local communities in Martinique
March 17, 2023
Danish ocean energy organization, Wavepiston partners with YS Energies Marines Developpement (YSEMD) to develop a wave energy project in Martinique, which aims to provide clean energy to local communities. Source: Renews.Biz
The OAS launches Women’s Economic Empowerment project in the Caribbean and Central America
March 17, 2023
OAS has launched its Women’s Economic Empowerment project in Antigua and Barbuda, Dominica, Grenada, Saint Kitts and Nevis, Saint Lucia, and Saint Vincent and the Grenadines to empower women to participate in and benefit from the digital economy. They also expanded the project to El Salvador, Guatemala, and Honduras with aims to help women entrepreneurs build […]
China shows interest in providing solar technology to the Caribbean
March 17, 2023
China has declared its interest in collaborating with and providing solar technology to the Caribbean. According to Chinese deputy official, Liu Hanyuan, Chinese technology can help the Caribbean shift to solar energy and can help cut energy prices. Source: St. Vincent Times
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