CREF Market News - Page 30 of 90

Bermuda Government leads from front on electric vehicles
September 29, 2020
Contractors have been asked to respond to a request for proposal on the supply of electric vehicles for the government fleet. The Bermudian government is attempting to procure a fleet of over 600 vehicles includes motorcycles, cars, trucks and various medium and heavy-duty vocational vehicles. Source
Haiti makes big moves for rural solar mini-grids
September 10, 2020
The Haitian Government launched a new program for the development of privately led mini-grids in Haiti. PHARES (Programme Haïtien d’Accès des communautés Rurales à l’Energie Solaire – Haitian Program for Access to Solar Energy in Rural communities) is a bottom-up supported by both IDB and World Bank. The program provides subsidies to private developers/operators to […]
CDEMA and US to partner on disaster resilience
September 10, 2020
The United States government in partnership with the Caribbean Disaster Emergency Management Agency (CDEMA) launched a new USD$4.5 million initiative entitled Caribbean Climate Resilience Initiative to help countries reduce disaster risks as well as absorb and recover from hazard impacts and climate variability. Source
Jamaica to develop electricity loss reduction roadmap
September 10, 2020
IDB approved technical cooperation funds to help Jamaica’s energy ministry develop a national electricity loss reduction plan. A roadmap will be drafted to determine the role of stakeholders, primarily power utility JPS, and required investment and technologies, and address regulatory, legal and institutional issues, among other areas. Source
Canada’s Evolve LFP storage technology now in Caribbean markets
September 10, 2020
Canadian energy storage technology manufacturer and system integrator, Eguana launched Evolve LFP, a lithium iron phosphate (LFP) version of its own storage system into Caribbean markets. The company, which supplies Q CELLS in Germany in addition to making its own systems and counts Japanese trading company ITOCHU among its investors, said its residential product line, […]
The Bahamas gets a boost for Blue Economy
September 10, 2020
The IDB approved a US$200 million loan to promote the blue economy in The Bahamas. The program scope looks to supporting the Micro, Small and Medium Enterprises (MSMEs) continuity, modernizing the institutional and legal framework to protect the natural resources, and economic diversification. Source
In blow to natural gas, Puerto Rico regulators affirm solar-centric grid overhaul
September 2, 2020
The Puerto Rico Electric Power Authority will be required to acquire thousands of megawatts of renewables and storage in the coming years, according to an order from the island’s energy regulators. Source
The Evolving Utility: An Interview with FortisTCI CEO, Ruth Forbes

From our Editorial Team
August 20, 2020
Following her recent appointment as the new President and CEO of FortisTCI, we sat down with Ruth Forbes to talk about the clean energy transition in the Caribbean, her priorities for the Turks and Caicos utility, and how women can take a bigger role in the energy sector. You joined FortisTCI in 2006, and have […]
Jamaica’s big electricity users one step closer to wheeling, OUR to determine rates
August 20, 2020
Jamaica’s largest consumers of electricity are a step closer to being allowed to supply their satellite operations with energy from their own power stations – a process called wheeling – now that the Office of Utilities Regulation, OUR, has made a determination on the methodology it will use to set the rates the organisations will […]