CREF Market News - Page 26 of 90

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
Algae cleared from Caribbean beaches can power hotels
March 29, 2021
Y.A. Maof, an Israeli company that works on environmental and waste disposal projects. After a trip in the Dominican Republic, the company found combining the algae found on the beach with organic waste in a biogas facility could enable energy generation. A pilot has been set up to evaluate the impact. Source
The critical need for smart software with energy storage
March 29, 2021
In an interview, Andrew Tang, Vice President of Energy Storage and Optimisation at Wärtsilä Energy, discusses how technology is being used around the world and the Caribbean, and the importance of software for the uptake of energy storage. Source
Solar-led renewable energy system could free up 10% of Antigua and Barbuda’s GDP
March 24, 2021
A mix of solar and wind power can help Antigua and Barbuda to an almost-90% renewable energy system, and green hydrogen could then show the path to hitting the national ambition of 100% green power by 2030, and net zero by 2050. Source