CREF Market News - Page 28 of 90

Aruban resort begins solar powered transformation
February 25, 2021
The Manchebo Beach Resort and Spa in Aruba has taken a major step in its green journey with the launch of a new solar panel project. The resort, which has been Green Globe Certified for years, has installed 100 kWh of solar panels, enough to generate 20 percent of its electricity from solar energy. […]
5 ways to decarbonize national oil companies in Latin America and the Caribbean
February 17, 2021
By: Paola Carvajal, Javier García, Carlos Sucre and Christiaan Gischler, IDB The global hydrocarbon industry has been a long-time pillar of energy systems supplying in 2018 around 54% of global primary energy. This supply comes at a high cost in terms of carbon emissions as it accounted for 56% of the planet’s carbon dioxide emissions […]
Knee deep in a COVID-19 stricken economy, why should the Caribbean accelerate investment in sustainable energy
February 16, 2021
Despite the prevailing economic climate, we cannot halt the Caribbean’s energy transition when sustainable energy presents a viable and lasting solution to our economic challenges, writes Dr. Gary Jackson, Executive Director at the Caribbean Center for Renewable Energy and Energy Efficiency. Source
The economics of energy transformation zeroes in on infrastructure in Antigua and Barbuda
February 11, 2021
Prime minister and minister of finance and corporate governance, Gaston Browne has undertaken energy transformation focusing on renewable energy, climate resilience, and a development fund to power Antigua and Barbuda. To facilitate such access, the government will complete the $55 million new airport on Barbuda in 2020. The estimated value of all the projects, which […]
Where is the Caribbean clean energy transition headed in 2021?

From our Editorial Team
February 8, 2021
Did the much-touted clean energy transition in the Caribbean survive intact through the pandemic? The consensus, it seems, is that we’re licking our wounds – but that it’s alive and kicking. New Energy’s editorial team spoke to Caribbean specialists and industry insiders to check the region’s vital signs, gauge market sentiment, and get a sense […]
UN Secretary-General António Guterres calls for increased climate finance in Caribbean
February 3, 2021
UN Secretary-General António Guterres called for 50% of the total share of climate finance to be spent on building resilience and adapting to the effects of a warming world. He added that existing catastrophe-triggered financial instruments such as the Caribbean Catastrophe Risk Insurance Facility (CCRIF) should be scaled up, pointing out that: “For every dollar invested in […]
MPC Capital Raises $100 Million USD to build green energy plants in Colombia, Jamaica, El Salvador
February 1, 2021
MPC Capital AG has launched a new entity named “MPC Energy Solutions” after raising $100 million. The entity has listed 5 projects under development in Colombia, El Salvador and Jamaica anticipating construction will start in the second half of this year and begin energy production at the end of 2022. Source
MPC Capital says construction complete on 6.4-MWp El Salvador solar farm
January 5, 2021
Hamburg-based asset manager MPC Muenchmeyer Petersen Capital AG announced that the construction of its 6.4-MWp San Isidro solar project in El Salvador had been finalized. Source
Chile will produce hydrogen through wind energy
December 1, 2020
Enel Green Power Chile, plans to participate with Andes Mining & Energy and potential partners ENAP, Siemens Energy and Porsche, in the installation of a pilot plant for the production of green hydrogen through powered by wind energy in the Magallanes Region. Source