CREF Market News - Page 20 of 89

Foxconn sets sights on making EVs in Latin America, Europe, India
October 27, 2021
Taiwan tech giant Foxconn is looking at making electric vehicles (EVs) in Europe, India and Latin America, including “indirectly” cooperating with German automakers, Chairman Liu Young-way said on Wednesday, Reuters reported. Source
U.S. lawmakers demand answers from LUMA Energy regarding Puerto Rico’s failing electric grid
October 18, 2021
House Democrats in a Friday letter asked the head of Puerto Rico’s electric utility, LUMA Energy, for additional details on staffing levels, expenditures, executive compensation and a stretch of power outages that have occurred since the company took over grid operations from the Puerto Rico Electric Power Authority (PREPA) this summer. Source
The battle for solar power in Puerto Rico
October 18, 2021
Campaigners say rooftop solar and storage system should be rolled out more widely to tackle Puerto Rico’s energy crisis and the global climate emergency – both of which are exacerbating racialized health inequalities, as reported by The Guardian. Source
What the Caribbean Needs from COP26
October 14, 2021
Nowhere in the world needs COP26 to deliver more than the Caribbean. As the effects of climate change accelerate, New Energy asked key figures from across the region to tell us what they hope for, and what the international community needs to do to support the bid for resilience and the energy transition in the […]
Financing pipeline for Caribbean solar projects
October 14, 2021
Soleco Energy looks to secure US$25mn (syndicated amount US$11.1mn, financing amount US$13.9mn) for a portfolio of distributed generation assets in Jamaica for a combined 11.25MWp which will be contracted with commercial and industrial clients through long-term lease contracts in a first phase, as reported by BNA Americas. Source
Caribbean countries to benefit from new IDB energy initiative to be announced at COP26
October 14, 2021
The Inter-American Development Bank (IDB) says it will create a financing instrument dedicated to expanding energy access, supporting energy transition, and protecting the climate in Latin America and the Caribbean (LAC).The financing instrument, which will be formally announced at the UN Climate Change Conference (COP26) to be held in Glasgow next month, will be managed […]
IDB and Jamaica launch plan to electrify vehicles
October 14, 2021
The Inter-American Development Bank and the Jamaican government will partner to accelerate the use of electric vehicles through an ambitious initiative that includes funding an electric mobility ecosystem and technical assistance and training for battery electric technologies (BEVs). Source
‘Overwhelmed by old challenges’, Caribbean leaders say COVID-19 has forced a new battle for the survival of their nations
September 30, 2021
Caribbean island nations are under assault from the coronavirus pandemic even as they try to protect their communities from rising seas and raging storms, regional leaders said Saturday at the UN, where they called for bold action to tackle climate change and shore up public health systems. Source
World Bank’s new RFP calls for innovative financing to scale up renewable energy development in the Eastern Caribbean Currency Union
September 30, 2021
The Eastern Caribbean Currency Union (ECCU) encompasses eight countries and overseas territories[1], all of which are small island developing nations extremely vulnerable to climate change and natural disaster risks. The region is highly dependent on imported expensive fossil fuel to meet its energy requirements despite being endowed with enormous renewable energy (RE) generation potential. The […]