CREF Market News - Page 45 of 90

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 […]
Cuba adopts new net metering law to promote solar energy development
April 19, 2018
On March 23, the Cuban government signed Law No 345, “On the Development of Renewable Sources and the Efficient Use of Energy,” according to the local organization, Cubasolar. This law aims to increase renewable energy up to 24% by 2030, Cuba’s renewable energy goal. According to local newspaper, Periódico 26, local state-owned power company ,Unión Eléctrica de […]
St. Lucia 3 MW solar plant 90% complete, begins feeding power to grid
April 17, 2018
Just shy of fifteen thousand solar panels, the St. Lucia Electricity Services Limited (LUCELEC) 3MW Solar Farm in La Tourney, Vieux Fort is now feeding solar energy into the island’s electricity grid. This is the island’s first utility-scale solar farm. As of April 11, the entire 3 MW was online, producing its maximum output. Project Director, […]
Operations begin at 5.5 MW solar farm in Cuba
April 11, 2018
Following the inauguration of the first solar park in the Cuban province of Ciego de Ávila – a 4.4 MW farm which begun operations in January – a second plant has begun operations. The 5.5 MW plant, located in the municipality of Chambas, was synchronized to the SEN at the beginning of February and contributes […]
Bahamas to scale up solar energy with 3MW solar park
April 9, 2018
The Bahamas is getting a 3 MW solar park next year, with construction slated to begin this summer. The Grand Bahama Power Company’s first utility-scale solar energy project will be built on 11 acres of industrial land near its generation plant on West Sunrise Highway. The $5 million project is expected to be commissioned in […]
Jamaican factory economizes with solar PV and efficiency
April 6, 2018
Jamaican seafood trader Rainforest is doubling solar energy capacity at its plant in Montego Bay, from 0.5 megawatt to one megawatt, at a cost of $75 million. Following this project, solar PV panels will cover all of Rainforest’s primary operating and administrative buildings. The first project cost approximately $1.65/watt, but is now less than $1.00. […]
St. Vincent restructures geothermal project, timeline to reset
April 5, 2018
The geothermal project on St. Vincent and the Grenadines has had an ownership shake-up, with a positive result for the citizens of St. Vincent. After renegotiations, the government will now own a 49 percent stake in the geothermal plant, and the developers – Emera and Reykjavik Geothermal (originally with a 75 percent share) will own […]