CREF Market News - Page 27 of 90

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
MPC Caribbean Clean Energy assessing impact on tariff reduction at its Costa Rican associated company, Tila Wind
March 24, 2021
Jamaica and Trinidad cross listed company MPC Caribbean Clean Energy Limited is now assessing the commercial impact of the Costa Rican light and power company reducing the tariff on energy produced by its associated renewable energy company in that country, Tila Wind Corporatión S A, which trades under the name Tilawind. Source
RFP for new natural gas-fired generation in the Dominican Republic
March 15, 2021
The Dominican government just launched today the RFP for new natural gas-fired generation, through the three state-owned energy distribution companies, EDENORTE, EDEESTE Y EDESUR, as off-takers, in coordination with the Ministry of Energy and Mines. Under the supervision of the Superintendence of Electricity, the entities are calling for bids for the purchase of energy through […]
Trinidad and Tobago Prime Minister opens NiQuan Energy’s GTL plant
March 12, 2021
NiQuan Energy’s gas to liquids (GTL) plant at Pointe-à-Pierre has been opened by the Prime Minister of Trinidad and Tobago, Dr Keith Rowley. The plant has a nameplate capacity of 2400 bbl/d and produces high performance, low emissions energy products, GTL paraffin diesel and GTL naphtha, from natural gas. Source