CREF Market News - Page 42 of 90

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 […]
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 […]