CREF Market News - Page 42 of 90

Caribbean islands increasing investment in electric vehicles
July 30, 2018
Given the costs on imported fuel for energy, Barbados and other Caribbean islands are boosting the number of electric vehicles on their roads. However, the expansion does face challenges, mainly due to the high initial costs, stiff import duties on electrical vehicles and a lack of regulatory support. However, more and more, island governments are […]
Nevis will focus on geothermal energy only for its renewables
July 23, 2018
In pursuit of a sustainable energy program the federal government, will concentrate its efforts in geothermal energy, and therefore will not be actively pursuing other forms of renewable energy. The Hon. Mark Brantley, premier of Nevis and the Minister of Energy, stated that geothermal developers believe that the island has enough resources to satisfy the […]
China and Dominican Republic explore investment opportunities
July 5, 2018
China and the Dominican Republic have strengthened their diplomatic relationship and identified opportunities for cooperation between the two nations. Specifically, China is interested in the infrastructure, transportation, electrical distribution and the renewable industries of the island. An official delegation from the Dominican Republic met with the Vice President of the International Development department, Deng Boqing, […]
Solar company boosting residential energy independence in Puerto Rico
July 4, 2018
Sunrun, an American solar company, will work with local companies to help distribute energy storage, solar systems and batteries to local homes. The company has said that the batteries will be particularly helpful for private homes as they can be installed in one day, recharge daily and hence provide clean, constant and reliable energy […]
Antigua and Barbuda signs contract for 10 MW solar, wind and energy storage system
June 29, 2018
The government of Antigua and Bermuda signed a contract with the Cayman Islands firm GreenTech Solar to deliver the largest renewable energy contract in the country’s history, valued at US $20 million. The 10 MW solar, wind and energy storage system will be twice the scale of the Lake Destiny solar farm in Bodden Town. […]
AltE to host a solar installer conference in Puerto Rico this August
June 29, 2018
Due to the rising demand for solar projects and products, the solar energy company altE, has announced its largest solar conference of solar installers and dealers in mid-August in Dorado, Puerto Rico. The conference will offer new skills for installers and display new products available for the market, and will also train and certified […]
Solar + Hydrogen energy storage project to be built in French Guiana
June 29, 2018
Hydrogene De France (HDF) has announced an innovative large-scale energy storage project in French Guiana. The CEOG project will provide affordable, reliable and 100% renewable energy to more than 10,000 households in a region facing delivery issues. The project will be backed by a EUR 90 million investment from the company, investors, and leading banks. […]
Puerto Rico’s governor signs law for partial privatization of PREPA
June 21, 2018
On Wednesday this week, Puerto Rico Gov. Ricardo Rosselló signed a bill to partially privatize the utility Puerto Rico Electric Power Authority (PREPA). The law intends to sell power plants and make a concession of its transmission and distribution system, which could potentially impact the PREPA’s $8.9 billion in outstanding debt. Money from sales would […]
Saint Lucia’s hotel industry wants a piece of renewables boom, urges government to change the law
June 20, 2018
Saint Lucia is making headway towards its renewable energy goals with the approaching commissioning of the 3MW solar farm (which will meet 10% of the 35 percent by 2025 target), but another group could help the island with its goals. The Saint Lucia Hotel and Tourism Association has urged the government to allow hotels and […]