CREF Market News - Page 43 of 90

Regulatory reform in Panama aims for 70% renewables by 2050
June 20, 2018
Panama’s power system is critical in achieving the renewable energy goals of the country. The government has outlined recommendations in a report which calls for amendments to the country’s regulation of the Power Purchase Agreements (PPAs). This change will have the objective to increase the use of renewable energy, including solar and wind. It will […]
Jamaica’s renewables push brings economic stability
June 18, 2018
The Minister of Industry, Commerce, Agriculture and Fisheries, Hon. Audley Shaw, has argued that the decision to move towards a diversified energy economy has made Jamaica less susceptible to the volatility of oil prices in the global market. The minster stated that new LNG, wind and solar projects will provide a total of 410 megawatts […]
The Bahamas aims to incorporate 30% of renewables into the national grid by 2030.
June 18, 2018
The Ministry of Environment and Housing in the country is working on a plan which will make renewable energy mandatory for the construction of new homes from the Government Subdivisions. This policy will have the objective to bring greater residential energy while promoting and enhancing sustainable development. Romauld Ferreira, the Minister of Environment and Housing, […]
Solar and energy storage gets a boost in Puerto Rico
June 18, 2018
Following the influx of new solar and energy storage developers into Puerto Rico, a new trade group has formed to promote the technologies. The Solar and Energy Storage Association of Puerto Rico (SESA-PR) includes founding members such as Sonnen, Sunrun, Pura Energía, SRInergy, and Tabuchi. The group will dedicate efforts to promoting solar and storage […]
St. Vincent geothermal project to commence drilling operations in 2019
June 6, 2018
After renegotiating the power purchase agreement, St. Vincent and the Grenadines has reset the clock for its geothermal project. The commercial operation date is now set for around June 2021, with drilling anticipated to commence in January 2019. “The issue, Mr. Speaker, why we have to push it further is because we took so long […]
Financing secured for 100 MW solar project in Puerto Rico
June 6, 2018
Puerto Rico’s 100 MW Montalva solar project – deemed critical by the U.S. Financing Management and Oversight Board in late April – is lining up a robust financing package. Canada’s Greenbriar Capital Corp has signed $265 million mandate agreement with Pegasus Renewable Energy and Sustainable Infrastructure Credit Advisors LP, a subsidiary of Pegasus Renewable Energy […]
Tesla has 11,000 energy storage projects underway in Puerto Rico
June 6, 2018
After having completed hundreds of energy storage project on the islands in the last few months, Tesla CEO Elon Musk now says that they have ‘about 11,000’ energy storage projects underway in Puerto Rico, which means something big is in the work. This follows Musk’s announcement from May that Tesla installed batteries at 662 locations […]
Developer selected for Bermuda’s 6 MW solar project
June 6, 2018
Government officials in Bermuda have just signed an agreement with project developer, Saturn Solar Bermuda 1 Ltd. to build a 6 MW solar PV project on St. David’s Island, Bermuda. This announcement marks the official commencement of works for the project. While the LF Wade Airport PV project will be built next to the airport, […]
Jamaica’s 37 MW solar project secures financing, commissioning date set for 2019
May 31, 2018
Eight Rivers Energy Company has secured $50 million in financing this month for what will be Jamaica’s largest solar plant. The loans were secured through foreign institutions, following an invitation to local banks to participate. Local institutions were unable to comply with the necessary terms, according to EREC partner Angella Rainford. “We invited select local […]