CREF Market News - Page 35 of 90

Jamaica fires up first CHP plant, fuelled by LNG
March 13, 2020
New Fortress Energy began commercial operations of its gas-fired combined heat and power (CHP) plant at the Jamalco refinery in Halse Hall, Clarendon, and hailed the development as another milestone achievement in Jamaica’s transition to natural gas. “We are thrilled to announce the completion of the region’s first combined heat and power plant,” a company […]
MPC Capital targets $90m fund for Caribbean renewables
March 13, 2020
Over the next two years, MPC Capital aims to raise USD 90 million from US-based impact investors, institutional investors and foundations. The money will be allocated to up to 15 renewable infrastructure projects in the Caribbean. MPC Capital made its first investment in the renewable energy sector in the Caribbean in 2016 and has since […]
New Fortress Energy plans for a hydrogen fuelled future
March 12, 2020
New Fortress Energy LLC has plans to become a hydrogen supplier within the next decade, to achieve net-zero emissions. Currently, New Fortress Energy sells LNG to fuel power plants in the Caribbean, with plans to expand in other regions. He acknowledged that the goal is an ambitious one, with no guarantee that hydrogen will be […]
Jamaica’s energy minister calls for “change of mindset” in shifting energy landscape
March 9, 2020
Minister of Science, Energy and Technology, Hon. Fayval Williams, asks for a change in mindset as Jamaica embraces a new era of energy that is focused on increasing the use of renewable resources, in comments delivered at the fourth Energy and Climate Partnership of the Americas (ECPA) Ministerial Meeting at the JPS Power Station in […]
Nevis 10 MW geothermal project secures development team
February 25, 2020
The Nevis geothermal project announced today that Albioma, a developer and operator of renewable energy projects in the Caribbean and worldwide, has been chosen by NREI to develop and construct the 10 MW Nevis geothermal project. Albioma has joined Schlumberger Integrated Drilling Services (IDS), of Schlumberger Limited (NYSE:SLB), a drilling company that was hired last […]
Montserrat port development project open for procurement
February 24, 2020
The Montserrat Port Development Project has advanced to the procurement process phase, as contractors are now invited to pre-qualify for the design-build contract for the Phase 1 Development. Project Manager of the Montserrat Port Development Project, Dion Weekes said the Project has satisfied the conditions set by the Caribbean Development Bank (CDB) to advance to […]
Barbados signs $30m loan for sustainable energy investment program
February 13, 2020
The Government of Barbados signed two loan deals with the Inter-American Development Bank. Prime Minister Mia Mottley said, “The $30 million USD that we just signed for with the smart energy allows us to be able to leverage renewable energy on many of the Governments properties. The Government of Barbados is spending about $400 million […]
Bahamas “green island” solar farm nears completion
February 7, 2020
The Bahamas solar PV project on Ragged Island, meant to be completed in January 2020, continues to face delays due in part to the after-effects of Hurricane Dorian. The solar panels are now installed, remaining work to be carried out includes building overhead transmission lines, finishing the ground wiring, and installing the energy storage equipment. […]
Jamaica takes key step forward for e-mobility future
January 27, 2020
In partnership with the Inter-American Development Bank (IDB) and other key stakeholders, the Jamaican government completed its electric mobility framework. “We commenced a process to develop the electric vehicle sub-policy, which includes the development of an electric mobility strategic framework. That framework is now complete, and that was the first stage to getting us towards […]