CREF Market News - Page 36 of 90

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 […]
Dominican Republic adds 25 MW solar onto the grid
January 23, 2020
The 25-MW first phase of the Solar Canoa photovoltaic (PV) farm in the Dominican Republic started operations on Friday, the office of the country’s president Danilo Medina announced. Local firm Potentia Renewables, through its Emerald Solar Energy subsidiary, invested about USD 45 million (EUR 40.5m) in the PV facility, according to the announcement on the president’s website. […]
Barbados signs Wartsila to build “Clean Energy Bridge” power plant
January 23, 2020
The technology group Wärtsilä has won the contract to supply a 33 MW flexible power plant on a fast-track basis to the Barbados Light & Power Company Limited (BLPC), the utility company on the Caribbean island of Barbados. The power plant will be supplied as an Engineering, Procurement and Construction (EPC) project. The project will […]
Trinidad and Haiti among islands receiving UAE support for climate-resilient energy projects
January 16, 2020
The UAE-Caribbean Renewable Energy Fund (UAE-CREF) has entered the second cycle of its $50 million three-year plan to build climate-resilient renewable energy projects in 16 Caribbean nations. It said it has successfully completed new development and funded agreements for the Dominican Republic, Haiti, Guyana, Grenada, Saint Kitts and Nevis, Trinidad and Tobago and Suriname. The […]
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 […]