CREF Market News - Page 26 of 90

Pandemic derails Caribbean islands’ bid for greener, cheaper energy
May 17, 2021
A lack of climate finance, electricity monopolies and now the pandemic’s ripple effects are slowing the Caribbean’s shift from economies run on fossil fuels to clean energy, banking and government officials said on Tuesday. In the Eastern Caribbean, only 10% of energy comes from renewable sources and plans to promote the use of solar and […]
Electric vehicles and renewables will need a dramatic rise in mineral supply, IEA warns
May 8, 2021
The supply of critical minerals crucial for technologies such as wind turbines and electric vehicles will have to be ramped up over the next decades if the planet’s climate targets are to be met, according to the International Energy Agency. Source
Leaders Summit showcases clean energy commitments to tackle climate crisis
May 5, 2021
Following the United States return to the Paris Climate Agreement, the Leaders Summit on Climate reconvened 17 members are responsible for approximately 80% of global emissions and global GDP. The US presented its goal of reducing emissions by 50-52% by 2030 compared to 2005 levels, which is also reflected in the nationally determined contribution the […]
UAE-Caribbean Renewable Energy Fund awards EPC contract to build resilient clean-energy project worth US$50m in Dominica
May 5, 2021
The UAE-Caribbean Renewable Energy Fund (UAE-CREF), the largest renewable energy investment of its type in the region, which is fully financed by Abu Dhabi Fund for Development (ADFD), has announced the signing of an engineering, procurement and construction (EPC) contract to build a hurricane-resistant clean energy project worth US$50m in Dominica. Source
Barbados gov’t considering ocean energy technology
April 29, 2021
The Barbados government says it is considering having ocean energy technology operational on the island as part of the National Energy Policy target of 100 percent renewable energy by 2030. The Ministry of Energy, Small Business and Entrepreneurship said it has conducted an Ocean Energy Consultancy, from January 2020 to March this year, to explore […]
Cox Energy America to buy 40% in Spanish PV firm Ibox Energy
April 9, 2021
Mexico City-based Cox Energy America SAB de CV on Wednesday announced its arrival in Europe via an agreement to acquire a 40% in Spanish solar PV specialist Ibox Energy for an estimated $95 million euros. The aspiring buyer is the Mexico-listed subsidiary of Spanish renewables firm Cox Energy Solar SA and invests in projects in […]
Study of Caribbean energy consumption underway
April 9, 2021
A new study by the Inter-American Development Bank (IDB) provides an analysis of the evolution of energy consumption and expenditures in Latin America and the Caribbean (LAC), composition by energy source. The study by the Washington-based financial institution says that energy services represent the second most important expense in household budgets in LAC, surpassed only […]
BMR Energy rebuilds hurricane-damaged St. Thomas solar farm
April 9, 2021
BMR Energy, a Virgin Group company and developer, owner, and operator of clean energy projects in the Caribbean and Latin America, announced today that it is starting construction of the 6.4-megawatt (MWp) Donoe Solar farm in St. Thomas. The facility is expected to be completed and enter service in the fourth quarter of this year […]
Barbados RF bank completes BBD$14M green energy bond
March 30, 2021
Barbados-based RF Merchant Bank & Trust Limited (RF) announced that it has completed a fund raise of BBD$14M in Green Energy bonds for Williams Renewable Energy Limited — a wholly owned subsidiary of Williams Caribbean Capital, an entity focused on alternative energy. Source