CREF Market News - Page 46 of 90

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 […]
Antigua and Barbuda will use cryptocurrency to develop renewable energy
March 1, 2018
The government of Antigua and Barbuda has signed off on a plan to let CNET Antigua, a private sector consortium of development and renewable energy players, conduct an ICO that aims to support development efforts in the Caribbean nation. The so-called “ICO for Development” (ICOD) will see the organization selling the Antigua & Barbuda Development Coin (ADC) to fund a variety […]
JPS breaks ground for 24.5 MW flywheel/battery hybrid facility
February 28, 2018
In April 2019, Jamaica will complete the first-of-its-kind hybrid storage facility in the Caribbean. One of the largest facilities being installed in the world this year, this hybrid facility will be comprised of flywheels and lithium-ion batteries. The project will be built at a cost of $21.6m USD. JPS president and CEO Emanuel DaRosa noted: “This […]
Havana Energy announces second biomass plant in Cuba
February 28, 2018
Following the 62 MW Ciro Redondo biomass plant, the British-Chinese group Havana Energy is moving ahead with another 62 MW biomass plant at Mario Muñoz sugar mill. The project, estimated at a cost of $140 million investment, is expected to begin later this year and take two years to complete. The significant investment marks the […]