CREF Market News - Page 14 of 90

Cuban state company announces a new program to power water pumping systems with PV systems
January 5, 2023
Grupo Empresarial Agua y Saneamiento, the Cuban state company in charge of supplying drinking water and the island’s sewage network, announced they will install photovoltaic energy equipment in eight provinces to be used for water pumping. The project will save 7.1 GW to the National Electric System (SEN). Source: PV Magazine LATAM
CDB approves US$17 million in financing for geothermal project in Nevis
December 22, 2022
The CDB approved US$17 million in financing for the development of the geothermal project in Nevis. The project’s aim is to reduce electricity costs and carbon emissions, and increase energy security. Source: Caribbean News Service
Construction to begin in Trinidad on 112.2 MW solar project
December 22, 2022
Trinidad and Tobago project partners bp, Shell, and Lightsource are set to start construction on one of the largest solar projects in the Caribbean. The project will be constructed at two sites and have a combined capacity of 112.2 MW. Source: EnergyNow.TT
Acciona Energy to acquire and develop a 162 MW solar power complex in the Dominican Republic
December 22, 2022
Acciona Energy will acquire and develop a 162 MW solar power complex in the Dominican Republic after coming to an agreement with JMMB Sustainable Energy Fund FES and Dominican diversified holding, Grupo Pais. Acciona Energy will own a 51% stake in the project. Source: Renewables Now
Renewable Energy As An Opportunity For Caribbean Resilience Building
November 18, 2022
By: Racquel Moses, CEO, Caribbean Climate-Smart Accelerator The Caribbean is being affected by two external shocks that are highlighting some of the largest gaps within the region’s infrastructure. Climate change, which is leading to more frequent and severe weather events, has already shaped a lot of policy in the region in terms of resilience-building. As […]
CEPM works to secure green loans for renewable projects in the Dominican Republic
November 17, 2022
CEPM, a division of InterEnergy is working to secure a green loan from Bank of America and a multilateral lender for renewable projects in the Dominican Republic. Source: Latin Finance
The Dominican Republic’s national energy commission approved a 50 MW PV solar rooftop project
November 17, 2022
The Dominican Republic’s national energy commission granted concession for a 50 MW rooftop PV project on the island. Source: Renewables Now
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