CREF Market News - Page 43 of 90

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 […]
Taiwan proposes to supply $150m loan to Haiti for electricity grid
May 31, 2018
Haitian President, Jovenel Moïse, began his current five-day visit to Taiwan with a 30-member delegation, and the Minister of Economy and Finance, Jude Alix Patrick Salomon, announced that Taiwan has granted a loan of US$ 150 million to build an extensive electric grid in Haiti. Haiti remains one of the Taiwan’s last Caribbean allies as neighbors […]
Bahamas considers proposal for 15 MW biomass plant
May 31, 2018
Bahamas Power & Light (BPL) has received a proposal from a Bahamian-led consortium to develop a $40-50m biomass power plant in North Andros. This cross-sectoral effort would meet energy and agricultural needs in the region, in a partnership with the Bahamas Agriculture and Marine Science Institute (BAMSI). BAMSI has plans to clear land to renew […]
Puerto Rico issues microgrid rules, gives PREPA 120 days to establish interconnection rules
May 23, 2018
Puerto Rico regulators take important steps to lay the groundwork for developing a microgrid industry as they issued final microgrid rules just five months after draft rules were released. The Puerto Rico Energy Commission issued the rules (CEPR-MI-2018-0001), ordering the utility PREPA to establish interconnection rules in 120 days. Until these rules are in place, only […]