CREF Market News - Page 41 of 90

Guyanese factory turns to solar
August 29, 2018
The Ministry of Public Infrastructure and the Guyana rum producer, Demerara Distillers Limited (DDL), plans to build a solar farm for power generation. In Guyana, only one large-scale photovoltaic project is currently being developed, a 100 MW facility planned with the support of the Norwegian government . Guyana plans to more than double its power generation output from 749 […]
Three new solar projects announced in US Virgin Islands
August 23, 2018
The U.S. Virgin Islands launched three new solar projects last week. Former U.S. President Bill Clinton headed the proceedings, joined by Bloomberg co-founder Tom Secunda and officials from Expedia Group. The solar panels, batteries, and installation provided are being funded by Expedia Group as a commitment of the Clinton Global Initiative, in partnership with Bloomberg Philanthropies. The three sites includ The […]
First utility scale renewable project opens in Saint Lucia
August 20, 2018
On Thursday, August 9 2018, President Bill Clinton, Saint Lucia Prime Minister Allen Chastanet, and José María Figueres, former president of Costa Rica and Board of Trustees for RMI hosted the official opening ceremony for the 3 megawatt (MW) solar farm of the St. Lucia Electricity Services Limited (LUCELEC) in La Tourney, Vieux Fort. The […]
Cuba amends law in effort to attract foreign investment
August 20, 2018
The Cuban government has announced amendments to its foreign investment law aiming to increase the presence of foreign companies in the island. Amendments seek to increase efficiency and reliability in the overall business environment. The new law, which will take effect on September 1, seeks to simplify the procedures to approve a project, which currently […]
Puerto Rico’s governor signs regulatory reform bill
August 16, 2018
On Monday, Gov. Ricardo Rosselló announced that he signed into law a measure to create the Public Service Regulatory Board’s reorganization plan. This will entail a shake up of the Puerto Rico Energy Commission, which will now be known as the Energy Bureau, among other regulated entities. Projected savings are estimated at $12 million in […]
Dominican Republic to commission 240 MW of wind and solar in coming months
August 16, 2018
The Dominican Republic Electrical Industry Association (ADIE) has announced this week that 240.3 MW will be connected to its national grid in the coming months. This boom of new renewable projects will see five large scale renewable projects commissioned, which include 183 MW of wind and 58 MW of solar capacity. The total investment of […]
Siemens proposes power grid designs for Puerto Rico
August 1, 2018
Siemens has introduced a series of recommendations for a new energy infrastructure framework for Puerto Rico to increase resiliency of the national grid using cleaner and higher quality electricity. Siemens designed a program including 10 mini grids across the island that could potentially enhance and incorporate the energy infrastructure. The company stated: “The mini-grid solution […]
Eight new solar farms to be completed in Cuban municipality this year
August 1, 2018
Sancti Spíritus, a municipality in the centre of the island, wants to increase the energy efficiency, distribution and capacity of the island by increasing the use of renewable sources, specifically of solar. Carlos Miseael Rodriguez, director of the National Electrical Grid of the municipality, stated that by the end of the year, eight new solar […]
Germany to loan US $62m for solar project in Dominican Republic
July 30, 2018
The German development finance institution DEG, has arranged for a USD $62m long term loan for 116 MW solar plant, Montecristi, in the Dominican Republic – the biggest solar farm in the Caribbean. Montecristi, whose first phase of 58 MW has recently been finalized, is due to be completed in the summer of 2019, and […]