CREF Market News - Page 36 of 90

Martinique begins geothermal talks
January 7, 2020
Martinique, a French Caribbean territory, is exploring the potential for geothermal energy, as part of an island-wide clean energy transition. Over the previous two decades, experts have identified two potential areas for geothermal development, with a particular focus on the southwest region of the island. A group of Martinique’s electricity and energy stakeholders recently made […]
Barbados oil company to diversify offering with renewable energy pilot program
December 16, 2019
In 2020, an unlikely company will be installing 300 PV systems in Barbados. The Barbados National Oil Company Limited (BNOCL) will install solar PV systems across homes of 300 people within the company, as a pilot project meant to diversify its offerings and make available a renewable energy arm of the company. Chairman of BNOCL, […]
US – Caribbean Resilience Partnership announces $1.5 million program
November 7, 2019
The United States is providing $1.5 million to increase disaster preparedness and resilience under the US-Caribbean Resilience Partnership. This partnership aims to strengthen U.S.-Caribbean cooperation and advance greater resilience to withstand the impacts of climate change, natural disasters, and extreme weather events by leveraging American and Caribbean innovation and expertise. Funding will support technical exchanges […]
Full steam ahead for Dominica’s geothermal plant after successful well testing
November 6, 2019
In a release last week, the Dominica Geothermal Development Company (DGDC) announces having successfully concluded the testing of its geothermal production well in Laudat. This, following news that the geothermal plant concept designs are completed, and the project is fully funded, according to Minister Ian Douglas. Currently, the DGDC is working to acquire the piece […]
Small island countries to explore marine renewables under new partnership
November 6, 2019
The Small Island Developing States (SIDS DOCK) and Naval Energies have signed a Memorandum of Understanding to support the development of marine renewable energy. Under the agreement SIDS and Naval Energies will collaborate to foster the development of Ocean Thermal Energy Conversion (OTEC), deep-sea conversion and floating offshore wind projects in small island countries. Through […]
Renewable energy makes economic sense for DR, says AES Dominica CEO
November 1, 2019
Natural gas development in the Dominican Republic gets a second take from AES Dominicana president Edwin De los Santos. While recent initiatives supported by international stakeholders would see natural gas development in the northwest region of the DR, De los Santos believes “it is not very strategic”. The United States and the Energy and Mines […]
Turks and Caicos signs MOU, plans to accelerate clean energy transition
October 31, 2019
The government of the Turks and Caicos Islands, utility FortisTCI and the non-profit Clinton Foundation inked a memorandum of understanding (MoU) on Wednesday to kick off the initiatives in the country’s new energy transition strategy. The Resilient National Energy Transition Strategy covers the period between 2019 and 2040 and was authored by the Ministry of […]
Barbados pursues renewable energy cooperative
October 29, 2019
In a recent address at the Co-operative Societies meeting, the Barbados government highlighted the need for a renewable energy cooperative to be established in the country, to allow local ownership of renewable energy projects, among other benefits. The model proposed would allow Barbadians to have a 30 percent stake in all foreign-owned renewable energy, energy […]
Barbados and Trinidad sign gas exploration agreement
October 29, 2019
Barbados and Trinidad and Tobago have signed an MOU for gas exploration in a shared economic zone. Barbados Prime Minister, Mia Mottley, said the MOU is a commitment to cooperate in energy exploration in the offshore of both territories. “Its only binding feature relates to the confidentiality of the data which we will access, and every […]