CREF Market News - Page 24 of 90

The latest Haiti earthquake was more powerful than the devastating quake in 2010
August 17, 2021
The earthquake that struck Haiti on Saturday morning occurred on the same system of faults as the one that devastated the capital, Port-au-Prince, in January 2010. And the previous quake almost certainly made this one more likely to occur. Both quakes struck on an east-west fault line at the convergence of two tectonic plates, large segments of the […]
Caribbean must work towards renewable energy – Guyanese Minister Vickram Bharrat
August 13, 2021
Combating climate change and managing ecosystems for future generations has led to calls from Natural Resources Minister, Vickram Bharrat for the Caribbean to adopt renewable energy policies and other sustainable efforts. The Caribbean Academy of Sciences in collaboration with the University of Guyana’s 22nd biennial conference brings into focus the necessity of renewable energy and […]
Deetken Impact sustainable energy’s investee – Solar Development Panama – secures US$4 million senior loan from Banistmo
July 31, 2021
Impact Asset Manager Deetken Impact Sustainable Energy (DISE), announces that its investee company, Solar Development Panama SA (SDP), has secured a US$4 million senior loan facility from Banistmo after finishing construction and beginning to supply energy through a long term private Power Purchase Agreement (PPA). The securing of this loan aligns well with our Funds’ […]
Electric mobility advances in Latin America and the Caribbean in the context of the pandemic – new UNEP report
July 30, 2021
The changes in the use of transport as a result of the COVID-19 pandemic and the national recovery plans are an opportunity for the governments and companies of Latin America and the Caribbean to accelerate the transition towards electric mobility, according to a United Nations Environment Program (UNEP) report released today. Source
U.S. Ambassador hails U.S.-Antiguan partnership on new power plant project
July 30, 2021
The United States Ambassador to Antigua and Barbuda and the Eastern Caribbean, Linda Taglialatela hailed the collaboration of American company Eagle LNG and Antiguan companies Antigua Power Company (APC) and the Antigua Public Utilities Authority (APUA) in what will be the island’s first power plant integrating natural gas infrastructure and power generation. Source
Assassination of Haitian Leader Highlights Nation’s Monopoly-Dominated Economy
July 21, 2021
The killing of President Jovenal Moïse took place against a backdrop of elite power, anticompetitive policies, and the U.S. doing little to create open markets. The power vacuum and dangerous instability in the Francophone nation result from many factors, but the American media ignore big ones, including state capture by elites, a grim monopolism that […]
AES sees ‘aggressive’ gas competition in CentAm, Caribbean
July 21, 2021
The large presence of LNG terminals in Central America and the Caribbean has led to a large availability of natural gas and very aggressive competition, according to Freddy Obando from AES. The US company’s chief commercial officer for Mexico, Central America and the Caribbean made the comment during a virtual forum on the future of gas […]
MPC Clean Energy stock jumps more than 25%
July 21, 2021
MPC Caribbean Clean Energy Limited saw its value increase by more than a fourth as it led gains Friday in trading on the Jamaica Stock Exchange (JSE). The stock rose 25.64 per cent to close at $147, with only 76 units trading. Source
As South American LNG demand soars, New Fortress secures gas supply through 2027
July 14, 2021
New Fortress Energy Inc. (NFE) has reached an agreement for liquefied natural gas (LNG) supply through 2027 for most of its import terminals and power generation facilities. The company has nine import terminals in operation or under development in the Caribbean, Central America, Mexico and South America. It imports LNG in underserved markets where it’s […]