CREF Market News - Page 44 of 90

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 […]
$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 […]