CREF Market News - Page 19 of 90

CARICOM Commissions a 400 KW Solar PV and Storage System in Guyana
January 14, 2022
CARICOM will produce solar-generated electricity soon after commissioning 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. In the future, CARICOM expects […]
Matrix Renewables Closes Financing for 328-MW Solar Distributed Generation Portfolio in Chile
January 14, 2022
Matrix Renewables, a Madrid-based renewable energy platform backed by the global alternative asset manager, TPG, closed a non-recourse, long-term financing agreement for 328 MW of solar-distributed generation (DG) projects in Chile. Out of the 48 photovoltaic projects in Chile’s PMGD program (projects with a generation capacity surplus lower than or equal to 9,000 kW), the […]
MPC Energy Solutions Begins Development on El Salvador Solar Plants
January 14, 2022
MPC Energy Solution reached a financial close for the Santa Rosa & Villa Sol solar (PV) plants in El Salvador. With a combined capacity of 21.07 MW, MPCES expects the plants to begin energy production towards the end of 2022, generating around 43 GWh a year and avoiding nearly 11,000 tons of CO2 emissions per […]
RUBiS Energy Jamaica will Acquire 80 Percent of Photosol France
January 11, 2022
RUBiS Energy Jamaica will complete a USD 422 million deal and acquire 80% of the solar energy company Photosol France. The agreement will allow RUBiS to compete in the renewable energy market in the region. Source: Power Technology
Barbados phases out inefficient lighting in an effort to meet its renewable energy goals by 2030
January 5, 2022
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
January 4, 2022
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
December 28, 2021
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
December 28, 2021
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
December 20, 2021
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 […]