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CREF Market News

  • Integrate Caribbean energy services markets

    June 28, 2021

    Integration of the Caribbean energy services markets could help to make businesses more competitive and reduce costs for project development and hence, eventual prices to consumers. This should be a focus for CARICOM in the implementation of the Single Market and Economy. There has been a lot less emphasis on making sure that energy services are able to be traded […]

  • Barbados

    USAID AND CARICOM Development Fund sign an MOU to strengthen cooperation

    June 22, 2021

    The United States Agency for International Development/Eastern and Southern Caribbean Mission (USAID/ESC) and the CARICOM Development Fund (CDF) signed a Memorandum of Understanding (MOU) on Monday, June 21. The signing of the MOU occurred at the offices of the CDF in Barbados. The MOU provides a broad framework for cooperation between the two organizations and […]

  • Dominican Republic inaugurates 120 megawatt solar energy park

    June 17, 2021

    President Luis Abinader inaugurated the largest renewable energy park in the Antilles and another act, the Duarte highway kilometer 58, both works in the province of San Cristóbal. The president’s plan began in Yaguate with the inauguration of the Girasol Solar Park of the electric generation company EGE Haina, built for 100 million US dollars. […]

  • Hard-hit by COVID-19, Latin America seen skimping on climate cash

    June 15, 2021

    Latin America is investing too little in a green economic recovery from COVID-19, with only 2% of the region’s stimulus funds being spent on projects that help fight climate change, new data from Oxford University showed. Last year, 33 Latin American and Caribbean nations allocated $318 billion to fiscal and stimulus measures, but the tiny […]

  • The Caribbean Sea faces dual threat of climate change and overfishing

    June 15, 2021

    The Caribbean Sea’s blue economy, touted as a sustainable solution to the region’s concerns, could be the Caribbean’s last hope. Global Voices produced an analysis of the region’s marine environment faces a long list of challenges.   Source

  • SDG Index 2021: How did Caribbean countries perform?

    June 15, 2021

    Released annually, the Sustainable Development Report is a key resource for tracking countries’ progress towards achievement of the SDGs which are part of the 2030 Agenda for Development agreed to by UN Member States, including those in the Caribbean, in 2015. For those Caribbean countries ranked, Cuba was the highest with a rank of 49 […]

  • MPC Caribbean Clean Energy buys 33.4MW solar park in Dominican Republic

    June 6, 2021

    The purchase, which was made on Tuesday, June 1, is expected to be completed by the third quarter of 2021. This is the second solar plant that MPC Caribbean Clean Energy has purchased since the start of the year. Earlier this year, the renewable energy company, which is cross-listed on the Jamaican and Trinidad and […]

  • Private company takes over Puerto Rico power utility service

    June 2, 2021

    Luma Energy, a private company, has taken over Puerto Rico’s power authority. The takeover under a 15-year contract coincided with the beginning of the Atlantic hurricane season, with many across Puerto Rico worried about the transition and whether the new company can handle a severe storm. The U.S. territory is still struggling to recover from […]

  • BMR Energy starts construction of Costa Rica solar facility

    May 21, 2021

    BMR Energy, a developer, owner, and operator of clean energy projects in the Caribbean and Latin America, announced today it has started construction on its newest solar photovoltaic project, the Valle Escondido solar facility located in the municipality of Bagaces, province of Guanacaste, Costa Rica. The Virgin Group company will own and operate the long-planned […]

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