CREF Market News - Page 46 of 90

Progress continues for the Bahamian all-renewable island
March 28, 2018
Ragged Island, destroyed by Hurricane Irma, will rebuild its electric grid using solar PV and battery storage estimated to cost $2m. The techno-economic system modelling has been completed by Rocky Mountain Institute and though a timeline has not yet been set, Prime Minister Dr Hubert Minnis advised that the project will achieve system payback in […]
Nevis geothermal resource ranks in top six reservoirs in the world
March 27, 2018
Nevis’ geothermal resource is being characterized as one of the top six geothermal reservoirs in the world. Thermal Energy Partner’s Big-Data Analytics approach (that determined Nevis as a commercial-grade resource) was confirmed by GeothermEx’s team during a recently completed geothermal flow and injection test. GeothermEx says its findings confirm the requisite temperature and flow necessary for a sustainable supply of geothermal […]
CDB loan will fund Dominica’s electricity restoration and resilience planning
March 27, 2018
The Caribbean Development Bank will provide USD16 million in funding to Dominica Electricity Services Limited (DOMLEC), to assist with the restoration of electricity generation services. As of January 2018, less than 20 percent of electricity services had been restored from devastating Hurricane Maria that wiped out 75 percent of the islands electricity. The project will […]
Full steam ahead at Nevis geothermal reservoir
March 20, 2018
High temperatures and adequate steam from Nevis’ geothermal reservoir has project developers elated, with testing completed and production well drilling expected to commence this summer. On March 16, 2018, Robert Stacy, Senior Reservoir Engineer at GeothermEX shared that the resource is promising. “[There are] high temperatures down at resource at commercial grades to produce power,” […]
St. Lucia geothermal project in public consultation phase
March 19, 2018
St. Lucia’s geothermal project is engaging stakeholders as they prepare for exploratory drilling; important, as past geothermal activities left a bad impression for St. Lucians. Last week the government held a public consultation bringing together stakeholders including private consultants and the World Bank to discuss the project and plans for future exploration. Project leaders brought […]
Construction starts for 25 MW solar farm in Dominican Republic
March 9, 2018
A groundbreaking ceremony held in the Dominican Republic officially kicks off the construction of the first phase of the Solar Canoa project. Developers Emerald Solar Energy, a joint venture between Canada’s Potentia Renewables and the Dominican Republic’s Cisneros, are building the first of two 25 MW phases expected to be operating in a year. The […]
St. Lucia geothermal project shares new documents ahead of stakeholder meeting
March 7, 2018
The Government of Saint Lucia (GoSL) proposes to conduct the Saint Lucia Geothermal Resource Exploration Project within the Soufrière, Choiseul, and Laborie regions of Saint Lucia to assess the feasibility of commercial development of geothermal resources in Saint Lucia. The government released this week several documents, including: Draft Environmental & Social Impact Assessment Stakeholder Engagement […]
Cuba shifts to solar with $45m OPEC loan
March 2, 2018
Cuba is getting an injection of $45m from OPEC Fund for International Development (OFID) to improve access to renewable energy. The $45m loan will fund two solar PV plants in Eastern Cuba and solar powered water heaters for industrial and residential use. OFID is a multilateral financial institution aimed at assisting low-income countries in different […]
British Virgin Islands discuss renewable energy transition
March 1, 2018
Tortola, British Virgin Islands, March 1, 2018—The Ministry of Communications and Works, the Ministry of Natural Resources and Labour, British Virgin Islands Electricity Corporation, and Rocky Mountain Institute (RMI) convened last week to discuss BVI’s Resilient National Energy Transition Strategy (R-NETS). The group discussed the key priorities for BVI’s future energy system, the scope of […]