CREF Market News - Page 35 of 90

Jamaica takes a closer look at pumped hydro
March 26, 2020
Jamaica has started studying the potential for pumped hydro storage on its electric grid to supply the grid with energy in times of need, as announced by Prime Minister Holness. The project envisions pulling water from the Middlesex aquifer in St Ann parish and pumping the water to reservoirs at higher elevations. The water would […]
Barbados issues tender for 4.5 MW of solar PV
March 20, 2020
The Barbados Water Authority is seeking proposals for three PV plants for a total of 4.5 MW of generation capacity plus a 2 MW microturbine. The installations will power pumping stations. Bids can be submitted until March 31. This additional solar energy will contribute to the island’s goal of 29% renewable energy by 2029 and […]
Cuba to develop renewables roadmap with EU 18m support
March 16, 2020
In the first dialogue between Cuba and the EU, Cuba stressed the importance of the support of the EU in achieving energy independence. Given the intensification of the US blockade and its impact on access to fossil fuels, alongside Cuba’s commitment to combating climate change, renewable energy will be an important part of Cuba’s energy […]
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 […]