CREF Market News - Page 3 of 90

Nevis advances geothermal energy project with new bidding process
January 23, 2025
The Nevis Island Administration announced progress on its Geothermal Energy Project, with Premier Mark Brantley confirming a new bidding process for drilling contractors. Shortlisted contractors are expected to submit bids by February 2025, following a previous round that did not meet requirements. Source: St. Kitts Nevis Observer
GEOBUILD and FRENZ collaborate to strengthen geothermal workforce in the Caribbean
January 23, 2025
The GEOBUILD initiative, in collaboration with the FRENZ program, is launching a six-month evaluation of skills and training needed for geothermal development in the Caribbean. The study will focus on workforce requirements across the geothermal cycle and identify opportunities for capacity building in key areas like project management and regulatory oversight. Source: ThinkGeoEnergy
CDB grant boosts water management and climate resilience efforts in Jamaica
January 23, 2025
The Caribbean Development Bank has approved a US$909,000 grant to The University of the West Indies to improve water resource management and climate resilience in Jamaica. Despite abundant freshwater, uneven distribution leaves rural and southern communities facing chronic shortages and unreliable systems, worsened by aging infrastructure and inadequate storage. Source: CariBank
Cuba partners with China to install seven PV parks
January 9, 2025
Cuba has signed an agreement with China to install seven 5 MW photovoltaic parks across six provinces. The project will save 18,000 tons of fuel annually, equating to a savings of US$7 million. This is part of Cuba’s broader plan to install 92 solar parks by 2028, aiming for 24% renewable energy penetration by 2030. […]
Grenada issues RFQ for 15.1 MWp solar project at Maurice Bishop International Airport
January 9, 2025
Grenada’s Public Utilities Regulatory Commission (PURC) has issued a Request for Qualifications (RFQ) for a 15.1 MWp solar project at Maurice Bishop International Airport. The project, aimed at advancing the island’s energy transition, involves three separate solar plants integrated into the national grid through Grenada Electricity Services Ltd. (Grenlec). The selected bidder will sign a […]
DOE to provide US$500 million for solar and storage projects in Puerto Rico to improve grid resilience
January 9, 2025
The U.S. Department of Energy (DOE) will provide over US$500 million in loans to build and operate utility-scale solar and storage systems in Puerto Rico, enhancing the island’s grid resilience. The funding lands against a backdrop of continuing power outages on the island. Source: PV Magazine LATAM
EGEPC launches tender for 40 MW solar plant in the DR
January 9, 2025
EGEPC has launched a tender for a 40 MW solar plant to improve the efficiency of its Punta Catalina thermoelectric plant in the Dominican Republic. The project aims to reduce greenhouse gas emissions by integrating solar energy into the existing coal-fired units, which produce 720 MW for the National Interconnected Electric System. The tender will […]
Grenada launches “Build Back Better” project to rebuild homes and infrastructure in Petite Martinique after Hurricane Beryl
December 19, 2024
Grenada has launched the “Build Back Better” project in Petite Martinique to rebuild homes with storm-resistant structures, following the devastation caused by Hurricane Beryl in July. The initiative aims to offer long-term security for affected residents, with the government already constructing three new homes and planning additional projects to support those unable to afford repairs. […]
EGE Haina receives greenlight for 100 MW wind and solar project in the Dominican Republic
December 19, 2024
EGE Haina has received approval for a 100 MW renewable energy project in the Dominican Republic, comprising a wind farm in Valverde province and a solar farm in San Cristóbal province. This initiative supports EGE Haina’s goal to reach 1,000 MW from renewable sources by 2030. Source: Renewables Now