CREF Market News - Page 23 of 90

Building a microgrid that stands its ground in the storm-tossed Caribbean
September 1, 2021
Microgrids act as an alternative, incorporating cleaner fuel sources, such as solar, and cutting the costs of fuel from diesel. Equally important, new microgrids are being designed to operate through the islands’ fierce, hurricane winds and heavy rains across the Caribbean. Source
Caribbean, Central America solar development advances
September 1, 2021
Various companies across Central America and the Caribbean reported advances in developing solar capacity in the region. The report highlights the Dominican Republic’s national energy commission (CNE) has authorized photovoltaic resource studies for four solar projects which hold provisional concessions. It also highlighted the provisional licenses granted in Panama to Argentum Solar and Caldera Energy for […]
LUMA Energy says grid stabilization work has begun
September 1, 2021
Following a power outage that affected more than 100,000 people across Puerto Rico, LUMA Energy said it had begun work to stabilize the island’s grid, El Vocero reported. Source (in Spanish)
Evergo projects 500 electric charging stations in Dominican Republic by close of 2021
September 1, 2021
With more than 300 charging stations for the latest electric vehicles, Evergo, a subsidiary of the parent company InterEnergy Group, plans to close the year with 500 stations in the national territory. “Ahead of the future of electric mobility in the Dominican Republic, with the deployment of the most extensive network in the region, Evergo […]
Policy action for climate resilient energy systems in small islands vulnerable to hurricanes
August 25, 2021
With over 30 storms named, 2020’s Atlantic hurricane season was the most active on record and the tenth consecutive year with eight or more billion-dollar disasters. Caribbean consistently ranks as one of the regions most vulnerable to climate change and is prioritizing adaptation measures and infrastructure that may reduce the costs of climate-related disasters and build […]
EU donates $16 million for solar panel project
August 17, 2021
European Union through the Global Climate Change Alliance Plus (GCCA+) program has donated €2.4 million or TT $16 million to Trinidad and Tobago for Solar Photovoltaic (PV) solar panels. As part of the initiative, 12 recipients were given grants for the installation of small-scale roof-mounted solar panels to be used to supply energy for power […]
Jamaica targets IRP progress, aims to procure 320MW of renewables this year
August 17, 2021
The Caribbean’s leader in renewable energy, Jamaica, is looking to procure 320MW of renewables this year as part of plans to diversify its energy sector. Jamaica’s government is working towards an ambitious Integrated Resource Plan which has established how the island intends to procure power over the next 20 years. The initiative has set a […]
Caricom countries set out COP26 outcomes
August 17, 2021
The executive director of the Belize-based Caribbean Community Climate Change Centre (CCCCC), Dr Colin Young, says the consequence for Caribbean countries will be “very dire” if the delegates to an international conference in Glasgow later this year fail to respond positively to the sixth report of the Intergovernmental Panel on Climate Change (IPCC). The IPCC’ […]
UN weather agency: millions affected by climate change and extreme weather in Latin America and Caribbean
August 17, 2021
Climate-related and geophysical events resulted in the loss of 312,000 lives and directly affected more than 277 million people in Latin America and the Caribbean, a new report released by the World Meteorological Organization (WMO) revealed on Tuesday. Source