CREF Market News - Page 48 of 90

Solar warehouse opens in Puerto Rico
February 13, 2018
After two decades in Puerto Rico, solar company altE is now operating a local warehouse in Puerto Rico in an effort to reduce the time to deliver solar equipment to island residents and solar installers from weeks to sometimes only hours. The warehouse facility on the island allows altE to handle the shipping logistics and […]
Progress for ocean thermal USVI pilot project
February 13, 2018
Ocean Thermal Energy Corp, or OTE, has finished the first draft of the master plan for a renewables-powered EcoVillage in the US Virgin Islands. Lancaster, Pennsylvania-based OTE designs and develops deep-water hydrothermal clean energy systems that generate renewable power through Ocean Thermal Energy Conversion (OTEC). The company has clearance to build an OTEC pilot project on […]
Caribbean Renewable Energy: Five Projects We’re Watching in 2018

From our Editorial Team
February 1, 2018
St. Lucia solar project site, Image credit: Rocky Mountain Institute The market for renewables in the Caribbean is taking off. Why? Utilities are leading the charge, new pots of grant funding and low-cost capital are easing financial barriers, batteries are coming online to mitigate increased intermittency, and renewables are in many cases cheaper than the alternative. The […]
Teranov receives geothermal licenses for Saba and St. Eustatius
January 31, 2018
Preliminary surface investigations have already begun on Saba and St. Eustatius following the issuing of geothermal exploratory licenses to French developer, Teranov. These permits, exclusive to Teranov, authorize the developer to explore the geothermal resource over three years to qualify the resource for further development. Teranov will also have priority rights to develop the resource. […]
St. Vincent island to get first solar-battery-storage microgrid
January 16, 2018
In mid-2018, St. Vincent and the Grenadines will be connecting its first microgrid to its power system. The EPC contract was signed in late December between St. Vincent and the Grenadines utility, VINLEC, and Curacao solar energy firm, EcoEnergy, N.V. for the utility’s first solar battery storage microgrid. The system, to be built on the […]
Seven Caribbean countries will receive assistance from UAE fund
January 15, 2018
The second round of the UAE-Caribbean Renewable Energy Fund was launched on the sidelines of Abu Dhabi Sustainability Week, taking place this week. The second round will see the $50 million fund establishing partnerships with 7 Caribbean countries, including the Dominican Republic, Belize, Grenada, Guyana, Saint Kitts and Nevis, and Saint Lucia. Dr. Thani bin Ahmed Al […]
EU aids Barbados move toward renewable energy self-sufficiency
January 15, 2018
Barbados is taking strides to transform its economy away from dependence on fossil fuels to renewables and energy efficiency, and a new 3 year program with the EU is providing support in this effort. The European Union sent 1.12 million euros to Barbados and will eventually contribute a total of 3 million euros to aid […]
Groundbreaking ceremony for Jamaica’s largest solar project
December 12, 2017
On Wednesday, December 13, a groundbreaking ceremony will be held for the 37 MW solar energy project in Paradise Park, Westmoreland, Jamaica. The project is estimated to cost $60m and should be commissioned within a year. The project is being developed by French energy producer, Neoen, alongside Rekamniar Frontier Ventures and MPC Capital. Angella Rainford, […]
Canadian company to bring solar PV to Cuba
November 21, 2017
Construction on a new solar PV project will start in Northwestern Cuba in January 2018. Deltro Group Ltd. a Canadian-based developer of clean renewable energy projects was awarded a contract to build, own and operate a solar photovoltaic electric generating facility in north western Cuba. The facility will feed into the national grid, operated and maintained […]