CREF Market News - Page 44 of 90

$2.1m investments in energy efficiency will see $41m annual savings for Jamaica
May 23, 2018
A joint investment between the Petroleum Corporation of Jamaica (PCJ) and the Global Environment Facility (GEF) Trust Fund will drive energy-efficient and renewable energy developments in six local healthcare facilities, totalling US$2.1 million. The hospitals and rehabilitation centre will install solar water heaters and energy efficiency technology to reduce energy demand by over 1.3 million […]
Dominican Republic hotel bounces back after hurricanes, receives sustainability award
May 17, 2018
CHIC by Royalton Punta Cana was recently recertified by Green Globe for the third consecutive year receiving an outstanding compliance score of 92%. Green Globe is the worldwide sustainability system based on internationally accepted criteria for sustainable operation and management of travel and tourism businesses. After two back to back hurricanes caused widespread damage in the […]
Solar and wind projects secure financing in Dominican Republic
May 10, 2018
Two renewable energy project developers in the Dominican Republic advanced financing plans this week, securing debt for solar and wind-powered projects on the Caribbean island. The Monte Plata solar plant will expand capacity from its current 30 MW (commissioned in September 2016) to 69 MW. Once operational, it will be the largest solar plant in the […]
Virgin Islands microgrid solicits RFP for O&M services
May 10, 2018
Installed 200 kW PV microgrid in St. Croix, USVI is soliciting an RFP for companies to bid O&M services. In addition to a large distributed PV array on many rooftops the microgrid is independent from the grid and includes 10+ hours of battery storage, and two standby diesel generators. Work start date no earlier than […]
Jamaica wants hydropower, could build up to 30 MW
May 2, 2018
Hydropower is getting some attention from Jamaica, who recently identified 11 potential sites for development which could contribute around 30 MW to the renewable energy portfolio. In developing it’s roadmap for the next years, also known as the Integrated Resource Plan (IRP), Jamaica set aside a special component dedicated to hydropower as an alternate source […]
Puerto Rico’s governor courts new investors to rebuild the power grid
April 26, 2018
Gov. Ricardo Rossello says Puerto Rico needs new money to rebuild the hurricane-damaged “1950s energy grid”. Rossello told CNBC on Wednesday that investment is needed from public and private sources to update the grid and help rebuild the island, advancing into energy 2.0. However, attracting new investors may prove difficult considering the island’s history of […]
Jamaican wind farm IPO set to boost local economy
April 26, 2018
The Wigton Windfarm – which made a net profit of $186 million as of March 2017 – is going public, with the help of broker Mayberry Investments Limited. The aim of the IPO is to encourage Jamaicans to become involved in the energy sector, says DBJ’s Managing Director Milverton Reynolds. “We want to widen the base of […]
Dominican Republic calls for switch to LED lighting
April 20, 2018
The Dominican Republic has called for a ban on imports of fluorescent lamp and urged state institutions to switch to more efficient light-emitting diodes, better known as LEDs. By taking on this transition to LEDs, the Caribbean island will make progress towards its commitments under the Paris Climate Agreement and the Minimata Convention on Mercury. […]
Dominica’s geothermal project will receive $17.2m from World Bank
April 19, 2018
Dominica’s 7 MW geothermal project will get an injection of $17.2 million from The World Bank. The bank’s Operations Officer, Karlene Francis, speaking at the launch of the Climate Resilience Execution Agency for Dominica (CREAD) said, “The bank is also working with the Dominica Geothermal Development Company to prepare a geothermal risk mitigation project. Geothermal energy is […]