CREF Market News - Page 31 of 90

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 […]
“Underwater Space Station” to be built in Curacao
August 20, 2020
The “underwater version” of the International Space Station is coming to the Caribbean island of Curaçao. Renowned ocean explorer Fabien Cousteau has announced his plans for PROTEUS, a project that’s being billed as the “world’s most advanced scientific research station and habitat.” “We are delighted to be home to PROTEUS,” said Dr Steven Martina, Curaçao’s […]
In controversial fight for top bank job, Trump nominee lays out his Caribbean commitment
August 20, 2020
Mauricio Claver-Carone, U.S. President Donald Trump’s candidate to take over the helm of the IDB vowed to elevate the attention given to the Caribbean. In an interview with The Miami Herald, Claver-Carone said ensuring someone from the Caribbean becomes vice president and helping middle- and higher-income Caribbean countries find more favorable financing are among his […]
Jamaica anticipates 500 MW energy tender early 2021
August 7, 2020
Starting early 2021, Jamaica plans to develop over 500 megawatts of new generation. “It is envisioned that competition will bring the price of electricity down, while bringing the best technologies into the energy sector,” said Minister of Science, Energy & Technology Fayval Williams in a webinar discussion on ‘Renewable Energy Infrastructure Investment Opportunities’ on Thursday. […]