CREF Market News - Page 39 of 90

Eastern Caribbean geothermal program expands to $86.5m
December 18, 2018
The Sustainable Energy Facility for the Eastern Caribbean (SEF-Expanded) is designed to reduce the financial, technical, and institutional barriers to geothermal energy development in five Eastern Caribbean nations: Dominica, Grenada, St. Kitts and Nevis, ST. Lucia, and St. Vincent and the Grenadines. Released in 2015, the SEF originally totalled $71.5m, but a recent injection of […]
U.S. allocates $2 million to spur investment in Caribbean energy sector
October 2, 2018
The United States Department of State spokesperson, Ms.Heather Nauert, announced that $2 million had been committed to the Caribbean Energy Security Initiative with the aim of fostering investment in the private sector. The initiative will identify projects where U.S. investment can spur further private sector investment “throughout the Caribbean energy sector”, she said in a […]
UAE-Caribbean Renewable Energy Fund to provide $34.5 million in grants
October 1, 2018
Dr. Thani bin Ahmed Al-Zeyoudi, UAE’s Minister of Climate Change and Environment confirmed the UAE will be providing $34.5 million in funding for renewable energy projects in the Caribbean located for enhanced resilience, and with technologies designed to withstand Category-5 hurricanes. This new funding is an addition to the $15 million in projects announced last […]
BarberWind Turbines launches new weather resilient design
October 1, 2018
The innovative wind technology company BarberWind Turbines announced the launch of its BTW 800kW in Grand Cayman, at the Caribbean Transitional Energy Conference. The turbine is designed to provide electricity to the distributed generation market, and is “especially interesting to Caribbean island nations”, said the company’s press release, due to its built-in lifting system and […]
Renewables developer Neoen announces €450 million IPO
September 26, 2018
Neoen, one of Europe’s largest renewable energy developers, announced its plans for a €450 million IPO, to expand its 2GW portfolio of clean assets to 5GW by the end of 2021. Its current activity is in wind, solar, and energy storage projects.. Neoen is developing the 37 MW solar project in Jamaica, currently in construction […]
Puerto Rico trade mission to Trinidad and Tobago to strengthen CARICOM
September 26, 2018
Eleven companies from Puerto Rico, representing sectors from asset management and executive protection, to food and beverage, and refrigeration services, visited Trinidad and Tobago this week as part of a trade mission. As the Caribbean Basin Initiative, which governs the trade arrangements between the U.S. and CARICOM, expires at the end of this year, the […]
European Commission approves €40 million for Caribbean sustainable energy
September 26, 2018
The European Commission has just approved the budget for the 11th European Development Fund (EDF) Caribbean Regional Programme. The programme will focus on sustainable energy, marine biodiversity, and enhancing resilience to extreme recurrent natural events. This funding aims to promote environmentally sustainable economic development in the region and build a more unified resilient Caribbean. The […]
Barbados government committed to going green
September 26, 2018
The Barbados government showed further commitment to their goal of being a 100% green and carbon neutral island by 2030 by taking tangible steps to promote sustainable energy practices within the public sector, as announced by Wilfred Abrahams, Minister of Energy and Water Resources. The announcement was made at the installation of the first solar […]
Aruban beach resort named ‘world’s most sustainable’ is now carbon neutral
September 26, 2018
The Bucati & Tara resort was just certified carbon neutral, the first in the Caribbean to receive the distinction. The company reduced their greenhouse gas emissions, and offset remaining emissions with carbon credits through its Vader Piet wind farm. Other sustainable practices include offering reusable water canteens to guests, reducing food waste, and providing energy […]