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CREF Market News

  • Jamaica and Barbados among the first to benefit from the new regional program to promote electric mobility and green hydrogen

    November 17, 2022

    Jamaica and Barbados are among the first in Latin America and the Caribbean to benefit from the first regional program to promote electric mobility and green hydrogen. The program aims to provide US$450 million in concessional loans and grants to nine countries, to help transition to lower carbon emissions and resilient public transportation. Source: Shared.Outlook

  • Wärtsilä will supply two 10MW/10MWh energy storage systems to Caribbean Utilities Company Ltd

    October 5, 2022

    Tech group, Wärtsilä will supply two 10MW/10MWh energy storage systems to the Caribbean Utilities Company Ltd (CUC) in the Cayman Islands. The project is CUC’s first energy storage system. Source: Renewables Now

  • CEMEX to implement the use of hydrogen technology at cement plant in Dominican Republic

    August 24, 2022

    CEMEX is set to start implementing hydrogen technology at its San Pedro De Macoris cement plant in the Dominican Republic as part of its Future In Action program. Source: CEMEX

  • The Ministry of Energy in Barbados launches a national energy storage policy

    August 24, 2022

    The Ministry of Energy in Barbados announced the creation of a national energy storage policy. Part of the policy includes mandatory storage systems for larger renewable energy supplies. Source: Barbados Today

  • NGC and NewGen sign a non-binding HOA to further the development of a sustainable hydrogen economy in Trinidad and Tobago

    August 10, 2022

    The National Gas Company of Trinidad and Tobago Limited (NGC) and NewGen Energy Limited (NewGen) signed a non-binding HOA to collaborate on developing a sustainable hydrogen economy in Trinidad and Tobago. Source: Media. NGC

  • Dominica signs US$33.7 million dollar contact with the Iceland Drilling Company to drill two more wells for the island’s geothermal project

    August 10, 2022

    The Prime Minister of Dominica signed a US$33.7 million contract with the Iceland Drilling Company to drill two additional wells for the geothermal project currently being constructed in the country. The project, developed by the Dominica Geothermal Development Company, plans to have a 10 MW capacity. Source: ThinkGeoEnergy

  • Cuba’s NTPC invites global bids for solar PV and battery storage

    August 10, 2022

    State-owned power generator NTPC is seeking global bids on behalf of Unión Eléctrica de Cuba (UNE) for 1,150 MW of grid-connected solar PV and 150 MW/150 MWh battery energy storage system (BESS) projects in Cuba. Source: Renewables Now

  • France will help accelerate Cuba’s renewable energy development

    July 13, 2022

    Cuba’s minister of energy and mining, Livan Arronte and the French Ambassador to Cuba, Patrice Paoli, signed a letter of intent to accelerate the development of renewable energy on the island. Source: Renewables Now

  • The Dominican Republic’s Energy Commision granted a concession to renewables sponsor Energia Renovable BAS SRL for the construction of a solar park

    July 13, 2022

    The Dominican Republic’s Energy Commission (CNE) agreed to grant a definitive concession to renewables sponsor Energia Renovable BAS SRL to construct the 50-MW/73.2-MWp Washington Capital Solar Park 3. The concession is for 25 years, and the firm will invest US$80 million into the project. Source: Renewables Now

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