CREF Market News - Page 43 of 90

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 […]
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 […]