CREF Market News - Page 29 of 90

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
Caribbean Corporate Leaders
December 1, 2020
During the 2020 Caribbean Renewable Energy Forum in November, we gathered Caribbean corporate leaders to discuss the following topics: Has Covid-19 impacted the way in which corporations think about energy supply for their businesses? Are utilities and governments doing enough to ensure the supply of low cost and reliable electricity to, in turn, ensure the […]
Caribbean vital to tackling COVID-19, climate change, UN chief tells regional leaders
November 18, 2020
The twin crises of COVID-19 and climate change present a once in a generation opportunity for the Caribbean and its development partners to form a new alliance for inclusive, sustainable and resilient recovery, the UN Secretary-General told regional heads of government. Source
Jamaica plans to procure 268 megawatts of energy from renewables by 2025
November 11, 2020
Jamaican Minister of Science, Energy and Technology, Hon. Daryl Vaz, says that plans are being put in place to procure up to 268 megawatts of electricity generation from renewable sources by 2025. Source
Funds managed by RBC Trust commit to MPC Capital’s Caribbean renewables platform
November 10, 2020
RBC Trust (Trinidad and Tobago) Limited, a subsidiary of RBC Financial Caribbean Limited, has committed USD10 million to MPC Capital’s Caribbean listed feeder-vehicle to further grow the portfolio of renewable energy assets. Source
The Caribbean Blended Finance for Resilience
October 29, 2020
The Island Resilience Action Challenge (IRAC) Task Force established at the Caribbean Renewable Energy Forum (CREF) 2019 is racing to develop an island resilience impact fund – the Caribbean Blended Finance for Resilience (CBFR) – that uses blended finance solutions to underwrite and expedite clean energy projects across the region. Watch this session, live at […]