CREF Market News - Page 2 of 90

Belize to structure first energy sector PPP with IFC to develop 80 MW solar and storage plant
March 27, 2025
The IFC is partnering with the Government of Belize to structure and implement a public-private partnership (PPP) for a 50–80 MW solar photovoltaic plant, expected to be operational by 2027. The project also includes a 40 MW battery energy storage system, financed by the World Bank, to support renewable energy integration. This initiative represents Belize’s […]
USACE pioneers sustainable wood management in Puerto Rico
March 13, 2025
The U.S. Army Corps of Engineers (USACE) Caribbean District is integrating responsible tree disposal management into its construction contracts in Puerto Rico. As part of the US$150.7 million Franklin Delano Roosevelt Avenue Bridge replacement project, removed trees are being repurposed at a sawmill instead of being sent to landfills. The initiative promotes sustainable wood reuse […]
Grenada opens first climate-smart fisher facility to boost resilience and sustainability
February 28, 2025
The Nature Conservancy (TNC), in partnership with Grenada’s government and international organizations, has inaugurated the island’s first Climate-Smart Fisher Facility in Soubise, St. Andrew. The facility integrates renewable energy, rainwater harvesting, and coastal protection measures to enhance the resilience of the local fishing community while mitigating climate change impacts. In addition to supporting fishers with […]
Bahamas signs US$200 million agreement with Afreximbank to boost infrastructure and trade
February 28, 2025
Bahamas Prime Minister Philip Davis signed a US$200 million framework agreement with Afreximbank which aims to develop climate-resilient and trade-enhancing infrastructure. The agreement is expected to support projects in road construction, energy, and economic development. Source: Tribune 242
Ecoener secures US$43.1 million Proparco loan for renewable energy in the Dominican Republic
February 28, 2025
Ecoener has secured a US$43.1 million loan from Proparco to support its renewable energy projects in the Dominican Republic, including the 60 MW Payita 1 solar PV plant. Source: Renewables Now
Belize unveils US$58.4 million energy storage project
February 6, 2025
Belize has launched a US$58.4 million project to deploy 40 MW of energy storage across four sites, supported by the World Bank and the Government of Canada. Source: Renewables Now
U.S. commits US$1.2 billion to strengthen Puerto Rico’s clean energy infrastructure
January 23, 2025
The U.S. Energy Department’s Loan Programs Office has committed US$1.2 billion to clean energy projects in Puerto Rico to reduce reliance on its fragile fossil-fuel-powered grid. The projects would add 202 MW of solar capacity and 455 MW of battery storage, more than doubling the department’s support for renewable energy on the island. Source: Energy […]
Wavepiston completes study on wave energy potential in Barbados
January 23, 2025
Danish wave energy firm Wavepiston has completed a six-month pre-feasibility study for the Wave Energy in Barbados (WEB) project, in collaboration with Export Barbados and supported by EU funding. The study explored the potential for wave energy farms along Barbados’ Atlantic coastline to diversify its renewable energy mix and support its climate goals, while identifying […]
InterEnergy acquires BMR’s operating assets, now supplies one-third of Jamaica’s power grid
January 23, 2025
InterEnergy Group has become Jamaica’s largest independent power supplier, now providing one-third of the national grid’s capacity following its acquisition of BMR Energy’s local wind farm operations. The US$122 million investment added 61.2MW of capacity, including 36.3MW of wind power in Jamaica and solar parks in other regions. Source: Jamaica Gleaner