CREF Market News - Page 2 of 94

IDB executes first catastrophe swap, giving Belize up to US$20 million in hurricane coverage
August 27, 2026
The IDB has transferred a layer of Belize’s hurricane risk to international reinsurance markets through Swiss Re in its first catastrophe swap. The parametric protection runs through May 2028 and provides up to US$20 million in coverage, with rapid payouts triggered by pre-agreed hurricane conditions and capped at US$10 million per policy year. Source: IADB
Cox secures US$126.5 million Guatemala power and battery storage contract
August 27, 2026
Cox has secured a 15-year electricity-supply contract in Guatemala for a new battery energy storage project with 76 MW of generation capacity and 27 MW of awarded capacity. The contract represents approximately US$126.5 million in revenues over its first 15 years and is designed to serve peak demand, improve grid flexibility and support greater renewable-energy […]
Jamaica studies solar-powered desalination and pumped-hydro storage
August 27, 2026
Jamaica is assessing projects in St. Thomas and Clarendon that would combine solar-powered seawater pumping, reservoir storage, hydropower generation and reverse-osmosis treatment. The Government expects to move into engineering in 2027, with procurement potentially beginning by 2028. Source: JIS.gov
Belize advances 80 MW solar PPP with five groups prequalified
August 27, 2026
Belize Electricity Limited has prequalified five groups to compete for up to 80 MW of utility-scale solar capacity under an independent power producer model. The privately financed projects are expected to span three to four sites, with the prequalified developers invited to submit proposals in November. Source: BNAmericas
Cuba expands EV charging network with solar-powered stations across major provinces
April 30, 2026
Dongfeng Cuba is deploying a new electric vehicle charging network across multiple Cuban provinces, incorporating PV systems to support on-site power generation. The stations will be installed along key transport corridors and in major cities, including Havana, Varadero, Camagüey, Holguín, and Santiago de Cuba. Source: PV Magazine LATAM
Puerto Rico approves residential battery program for emergency grid support
April 30, 2026
The Puerto Rico Energy Bureau has approved a proposal from Tesla, Sunrun, and SunStrong to automatically enroll customers in a residential battery aggregation program designed to support emergency grid capacity. The initiative, known as the Customer Battery Energy Sharing program, allows distributed home batteries to be used as a coordinated backup resource for the grid. […]
VINLEC awards Smart Energy contract for battery storage project in St. Vincent and the Grenadines
April 30, 2026
St. Vincent Electricity Services Limited (VINLEC) has awarded Smart Energy a contract to deliver and support a 7.5 MW/15 MWh Battery Energy Storage System in St. Vincent and the Grenadines. The project will enhance grid efficiency and resilience while enabling greater integration of renewable energy. Source: LinkedIn
St. Kitts issues RFP for 50 MW solar and battery storage project in Basseterre Valley
April 16, 2026
St. Kitts Electricity Company (SKELEC) has launched a Request for Proposals for a major renewable energy project featuring a 50 MW solar PV plant paired with a 30.5 MW/30.5 MWh battery storage system in Basseterre Valley. The project follows a year-long feasibility and due diligence process and is intended to strengthen energy security and reduce […]
Dominican Republic launches 600 MW renewable energy tender with mandatory battery storage
April 16, 2026
The Dominican Republic has opened financial bids for a 600 MW renewable energy tender aimed at expanding wind and solar capacity while strengthening grid reliability through mandatory four-hour battery storage systems. The projects, which must come online within 24 months of signing long-term PPAs, will help supply the country’s northern, southern, and eastern grids. Source: […]