CREF Market News - Page 3 of 77

Dominica details progress on the first two well pads for a ten-megawatt geothermal power plant on the island
June 2, 2022
Dr. Vince Henderson of the Government of Dominica confirmed progress on the first two well pads for a 10 MW geothermal power plant in Laudat. The entire project will take around 18 months to complete. Source: Associate Times
Barbados will begin constructing a 10 MW solar plant within the year
June 2, 2022
The Barbados Workers’ Union, Barbados National Oil Company Limited, and Emera Caribbean signed an MoU to begin constructing a US$25 million, 10 MW solar plant at Mangrove, St. Philip, within a year. Source: GIS Barbados
The second phase of the Energy Smart Fund is open for Barbados’ companies
June 2, 2022
The second phase of the IDB-led Energy Smart Fund in Barbados is now open to micro, small, and medium enterprises across sectors, with the ability to invest US$13 million in total. Source: Barbados Loop News
CREF 2022 Industry Awards: The winners podium
May 5, 2022
THE BEST IN CARIBBEAN CLEAN ENERGY REVEALED AT CARIBBEAN RENEWABLE ENERGY FORUM New Energy Events, hosts of the Caribbean Renewable Energy Forum (CREF), the largest annual gathering of the regional energy market, announced today the 12 winners of its 4th annual CREF Industry Awards. The Awards – which recognize excellence in projects, programs and people […]
Wigton Windfarm Limited and EIC partner to supply solar energy to Jamaica’s airport
April 18, 2022
Wigton Windfarm Limited and EIC have announced a partnership to supply solar energy to Jamaica’s airport, under a joint venture agreement. Source: Jamaica Gleaner
HDF Energy acquires a 70 percent majority stake in the NewGen clean hydrogen project in Trinidad
April 14, 2022
Hydrogène de France (HDF Energy) announced that it has acquired a 70% majority stake in the US$200m NewGen green hydrogen production project in Trinidad, led by local company Kenesjay Green Ltd (KGL). KGL, the project developer, will retain the remaining 30% of the share capital of NewGen, which will be jointly owned by KGL and […]
Secondary schools in Jamaica set to reduce electricity costs by 40-70 percent through new pilot project
April 14, 2022
Thirty secondary schools in Jamaica will reduce electricity costs by 40-70 percent by increasing energy efficiency and the use of renewable energy sources through the “Schools Energy Efficiency and Solar Pilot Project” implemented by the Ministry of Education and Youth, the National Education Trust (NET) and Canada-based renewable energy company, Roswall Development Inc. Source: JIS
The Bahamas receives USD 9 million to construct two solar microgrids at the University of the Bahamas
April 14, 2022
The University of The Bahamas will construct two solar microgrids on Abaco through a US$9 million non-reimbursable financing agreement facilitated by the European Union Caribbean Investment Facility. Source: The Nassau Guardian
Flash Motors Company Ltd. becomes the first dedicated electric vehicle company in Jamaica
March 29, 2022
Xavier Gordon, a mechanical engineer, and Carey Escoffery, a finance professional, launched Jamaica’s first dedicated Electric Vehicle company, Flash Motors Company Ltd. The company will supply a full suite of EVs, EV service equipment, and charging network solutions across the Caribbean. Source: Cayman Loop News