CREF Market News - Page 4 of 90

Trinidad and Tobago launches wind resource assessment for future wind energy deployment
December 6, 2024
Trinidad and Tobago has initiated the onshore “Wind Resource Assessment Programme (WRAP)” by deploying Light Detection and Ranging (LiDAR) devices at Orange Valley and Galeota to measure wind data for the next 12-18 months. This project marks the first step towards wind energy development in the country. The successful deployment follows a consultancy supported by […]
Jamaica awards large-scale solar projects to Wigton Energy and SunTerra Energy
December 6, 2024
Wigton Energy and SunTerra Energy Jamaica have won bids to develop large-scale solar projects in Jamaica following a 100 MW renewables tender held in 2023. Wigton Energy will build a 49.83 MW plant in Clarendon, while SunTerra Energy will construct a 50 MW plant in Trelawny. Both companies will own, operate, and negotiate power purchase […]
Barbados launches world’s first debt-for-climate resilience swap
December 6, 2024
Barbados has implemented the world’s first “debt-for-climate resilience” swap, unlocking US$165 million for climate adaptation projects. The deal allocates US$125 million to upgrade sewage treatment plants, improving water supplies and reducing marine pollution, alongside investments in water infrastructure, food security, and environmental protection to combat climate change effects. Source: Reuters
CTO advocates for climate-resilient tourism at COP29, urges action for SIDS
November 21, 2024
The Caribbean Tourism Organization (CTO) is using its platform at COP29 in Baku, Azerbaijan, to spotlight the severe climate challenges faced by small island developing states (SIDS), with a focus on the vulnerability of the Caribbean’s tourism sector. As tourism is central to the region’s economy, the CTO aims to highlight the impacts of climate […]
Caribbean Export and CCREEE renew partnership to drive renewable energy and energy efficiency in the Caribbean at COP29
November 21, 2024
At COP29 on Energy Day, the Caribbean Export Development Agency and the Caribbean Centre for Renewable Energy and Energy Efficiency (CCREEE) renewed their Memorandum of Understanding to promote renewable energy and energy efficiency across the Caribbean. The partnership focuses on supporting Caribbean businesses through technical assistance, capacity building, and the joint development of projects to […]
Barbados takes major step towards battery energy storage procurement
November 21, 2024
Barbados is advancing towards procurement of 60 megawatts of battery energy storage systems (BESS), a key step to integrating intermittent renewable energy into the grid. The Ministry of Energy and Business announced that a Request for Information (RFI) for new storage capacity and Competitive Procurement term sheets was launched on November 8. Source: GIS Barbados
EIB and CDB launch US$109.4 million initiative to improve water management and protect Caribbean oceans
November 7, 2024
The European Investment Bank (EIB) and the Caribbean Development Bank (CDB) have launched a US$109.4 million initiative to enhance water supply management and protect the ocean ecosystem across the Caribbean. The funding will support projects aimed at improving clean water access, wastewater treatment, solid waste collection, and flood prevention, while also addressing climate change impacts […]
World Bank approves US$63 million for hurricane Beryl recovery in St. Vincent and the Grenadines
October 24, 2024
The World Bank’s Board of Executive Directors has approved US$63 million in financing to support recovery efforts in St. Vincent and the Grenadines after Hurricane Beryl devastated the region in July 2024. Source: Mirage News
Ecoener secures concession for 60MWp solar PV project with battery storage in the Dominican Republic
October 24, 2024
Spanish renewable energy developer Ecoener has received approval from the Dominican Republic government to build the 60MWp Payita 2 solar PV project in Nagua, which will include a 15MW/60MWh battery energy storage system. Source: PV Tech